$Tattooed Chef, Inc(TTCF)$ $Beyond Meat, Inc.(BYND)$$THE VERY GOOD FOOD CO INC(VRYYF)$
After reading the earning transcript, I decided to add on my position tonight.
The result is just amazing!
Several hightlight that make me feel excited!
1. Company revenue is better than company expected.
2. Company raise the full year guidance from 222m to the range of 235m - 242m
3. Merger and acquisition of 2 private company to expand their food variety into Mexico's cuisine (which is another billions dollar market)
4. Increase of stores and distribution plan on track as proposed by management previous quarter.
5. Target announce that tatties chef products is the most successful frozen food launch in the Target history! Wow!
6. increase SKUs in the stores. (simply means the product is selling very good, and they able to put on more variety of their product on shelves!)
7. Management is well aware of possible inflation. And guess what, they are not worry, because their business model is vertically integrated! They have the pricing power! Gross margin will maintain at 20-25% for this whole year.
8. Management is very confident that estimation guidance for revenue on 2022 can be achieved.
9. New ambient products (non frozen food series)
I am not sure about you, but after the earning calls it only boost my conviction in this stock. Well positioned on the trend, excellent management, fantastic business model, and of course, great investment for the current moment!
精彩评论