Tofutti Q2 net sales fall 9% to $2.72M, net loss widens to $0.06 per share

TOFUTTI BRANDS INC

2023-Q2 EPS reported -$0.08 revenue$5,208,000

Net sales for Q2 2023 were $2,719,000, down 9% from $2,979,000 in Q2 2022.
Net loss of $318,000 ($0.06 per share) vs $208,000 ($0.04 per share) in prior-year quarter.
Gross profit margin improved to 25% from 18% in Q2; gross profit rose to $667,000 from $525,000.
Vegan cheese sales fell to $2,283,000 from $2,526,000; frozen dessert sales $436,000 vs $453,000.
Cash and working capital decreased: cash $576,000 vs $1,072,000 at year-end; working capital $3.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TOFUTTI BRANDS INC reported twenty-six weeks ended July 1, 2023 results: revenue $5,208,000, net income net losses of $420,000 or $0.08 per share (basic and diluted), EPS $0.08 per share (basic and diluted).

Period: twenty-six weeks ended July 1, 2023
Revenue: $5,208,000
Net income: net losses of $420,000 or $0.08 per share (basic and diluted)
EPS: $0.08 per share (basic and diluted)
Result: reported results

Exact text from the filing

weeks ended July 1, 2023 from $453,000 for the thirteen weeks ended July 2, 2022. For the twenty-six week period ended July 1, 2023, sales decreased by $1,234,000 or 19% to $5,208,000 compared to $6,442,000 for the twenty-six week period ended July 2, 2022. Our gross profit increased to $667,000 in the thirteen week period ended July 1, 2023 from $525,000 in

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TOFUTTI BRANDS INC reported thirteen weeks ended July 1, 2023 results: revenue $2,719,000, net income net losses of $318,000, or $0.06 per share (basic and diluted), EPS $0.06 per share (basic and diluted).

Period: thirteen weeks ended July 1, 2023
Revenue: $2,719,000
Net income: net losses of $318,000, or $0.06 per share (basic and diluted)
EPS: $0.06 per share (basic and diluted)
Result: reported results

Exact text from the filing

Tofutti Brands reported net sales for the thirteen weeks ended July 1, 2023 decreased by $260,000, or 9%, to $2,719,000

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TOFUTTI BRANDS INC filing history →

Source: SEC EDGAR

accession 0001493152-23-029003

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