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This statistic highlights Tattooed Chef’s Revenue by Segment, split between Tattoed Chef, Private Label and Other segments, reported on a quarterly basis from Q1 2020 onwards.
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except percentages)
Tattooed Chef’s total revenue in Q3 2021 stood at $58.78 million, which marked an increase of $8.18 million compared to Q2 2021 when it was $50.60 million. The total revenue of the company also increased by 43.47% from Q3 2020 to Q3 2021. The figures in these two quarters were $40.97 million and $58.78 million, respectively.
Tattooed Chef’s revenue has been divided into three categories: Tattooed chef, Private label and Other.
This segment includes the products which belong to Tattooed Chef’s own brand. These products consist of ready to cook meals and refreshments such as the Buddha Bowl, Mexican Style Street Corn, Organic Zucchini Spirals, Cauliflower Crust Pizza, Buffalo Cauliflower, and Smoothie Bowls.
Revenue from this segment has amplified from $17.64 million in Q1 2020 to $35.29 million in Q3 2020, resulting in an increase of 100% (approximately). It improved by $2.21 million in Q3 2021 as compared to Q2 2021, when it was $33.08 million. Revenue from the Tattooed Chef Segment has increased by 47.10% between Q3 2020 and Q3 2021. This segment is a major contributor of Tattooed Chef’s total earnings as it comprised of 60.01% of the total revenue in Q3 2021.
This segment consists of products which the company makes on special demand for particular customers. These products entirely depend on the customer, and are made according to the specialisation that the client asks for. The difference between an exclusive product for a certain customer and other generalised products mainly relates to the size of the product or the set of ingredients. Private label products consist Cauliflower Pizza Crusts and Pizzas, Riced cauliflower, Acai smoothie bowls, Bulk vegetables (plain and value-added), and Riced cauliflower stuffing.
Revenue from the Private Label Segment has increased from $18.11 million to $23.12 million between Q3 2020 and Q3 2021, resulting in an increase of 27.66%. Earlier, it saw a decline of 4.5% between Q3 2020 and Q2 2021, which was followed by an increase of 33.80% which resulted in the covering of all previous losses. This segment contributed 39.33% to the company’s total revenue in Q3 2021.
The revenue by this segment includes all the products that Tattooed chef circulates in the market which are not part of its personal branded products. This segment contributes the least to the total revenue, but it has been increasing constantly between the period of Q1 2020 to Q3 2021. It has shown an increase of 60.86% on a year-on-year basis, between Q3 2020 and Q3 2021. The revenue increased by $30,000 from Q2 2021 to Q3 2021, which depicts a rise of 8.8%.
Tattooed Chef is a rapidly developing plant-based food company which is providing a diverse portfolio of advanced frozen foods. It supplies plant-based products to chief retailers in the United States, with flagship products such as Zucchini spirals, Ready-to-cook bowls, Riced cauliflower, Acai smoothie bowls, Cauliflower crust pizza, and many others. Its products are offered in the Private label segment and the ‘Tattooed Chef’ personal brand. These products can be found in the frozen food section of retail food stores. The company’s products (both branded and private label) are also obtainable at leading club stores. Towards the end of 2021, Tattooed Chef’s products were available in approximately more than 4,300 retail stores in the United States. The company’s common stock is listed on the NASDAQ with the ticker symbol TTCF.\
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