secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0001493152-21-028963
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti Q3 net income falls to $120K from $220K YoY; gross margin drops to 24%
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- Q3 net sales up 6.5% YoY to $3.356M, led by vegan cheese and frozen dessert gains.
- Net income $120K ($0.02/sh) vs $220K ($0.04/sh); gross profit margin fell to 24% from 33%.
- COVID supply-chain issues and higher freight costs hurt gross profit; expected to continue into H1 2022.
- 39-week net sales $9.533M vs $9.621M; net income $228K ($0.04/sh) vs $410K ($0.08/sh).
- Cash increased to $3.009M; working capital $4.886M, up from $4.639M at Jan 2, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315221028963/0001493152-21-028963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315221028963/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-028963

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer