Brief: Tattooed Chef Updates 2022 Financial Outlook And Announces Cost Reduction Initiatives
10/11/2022 22:24
Nov 10 (Reuters) - Tattooed Chef Inc TTCF.O :
* TATTOOED CHEF UPDATES 2022 FINANCIAL OUTLOOK AND ANNOUNCES
COST
REDUCTION INITIATIVES
* TATTOOED CHEF INC- FILES FORM 12B-25 TO EXTEND FILING OF
Q3 10-Q
* TATTOOED CHEF INC- OVER NEXT 12 MONTHS, COMPANY EXPECTS TO
REALIZE APPROXIMATELY $30 MILLION OF COST SAVINGS
* TATTOOED CHEF INC SEES FY REVENUE OF $235 - $245 MILLION,
DOWN
FROM PRIOR GUIDANCE OF $280-$285 MILLION
* TATTOOED CHEF INC- PRELIM NET REVENUE FOR THREE MONTHS
ENDED
SEPTEMBER 30, 2022 DECREASED ABOUT $3.9 MILLION, OR 6.7%, TO
$54.1 MILLION
Source text for Eikon: ID:nGNX5FJbqm
Further company coverage: TTCF.O
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Tattooed Chef
See all newsBrief: Tattooed Chef Says On July 6 At Hearing Before Bankruptcy Court, Bankruptcy Court Entered An Interim Order Approving DIP Facility On An Interim Basis
Brief: Tattooed Chef Appointed Edward Bidanset As Co's Chief Restructuring Officer
U.S. STOCKS ON THE MOVE-Energy firms, Copper miners, US banks
Tattooed Chef to file for Chapter 11 bankruptcy, shares tumble
U.S. STOCKS ON THE MOVE-Coherus, Rivian, Great Ajax