secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0001493152-22-023185
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tofutti Brands Q2 net loss of $208K vs $28K profit; sales down 1.6%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315222023185/0001493152-22-023185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315222023185/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-023185

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