earnings
confidence high
sentiment negative
materiality 0.55
Tofutti Brands Q2 net loss of $208K vs $28K profit; sales down 1.6%
TOFUTTI BRANDS INC
2022-Q2 EPS reported
$0.00
revenue$6,442,000
- Net sales of $2.979M, down from $3.027M in Q2 prior year; vegan cheese sales up slightly to $2.526M.
- Gross profit margin fell to 18% from 25% due to higher ingredient, freight, and promotion costs.
- Net loss of $208K ($0.04 EPS) vs net income of $28K ($0.01 EPS) in Q2 2021.
- Cash of $1.176M, down from $1.698M at year-start; working capital $4.259M.
- Management expects sales improvement from price increases and anticipates margin pressure to persist.