secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001493152-23-029003
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315223029003/0001493152-23-029003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315223029003/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029003

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