Tofutti Q1 net sales up 10% to $3.46M; net income doubles to $0.04/share

TOFUTTI BRANDS INC

2022-Q1 EPS reported $0.04 revenue$3,463,000

Net sales $3.46M vs $3.15M; vegan cheese sales up to $2.92M from $2.72M.
Gross profit fell to $857K from $1.0M; margin 25% vs 32% on higher ingredients and freight.
Net income $205K ($0.04 diluted EPS) vs $80K ($0.02) in prior-year quarter.
Cash $1.59M, working capital $4.53M; CEO expects improved revenue from price increases.

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