Tofutti Q3 net income $110K on $2.5M revenue; sales down 13% YoY

TOFUTTI BRANDS INC

2023-Q3 EPS reported -$0.06 revenue$7,724,000

Q3 (13 weeks ended Sep 30, 2023): net sales $2,515K, down 13% from $2,896K YoY; gross margin improved to 31% from 15%.
Q3 net income $110K ($0.02 EPS) vs net loss $192K ($0.04 loss) in prior year period.
39-week period: net sales $7,724K (-17% YoY); net loss $310K ($0.06 per share) vs $195K loss prior year.
Vegan cheese sales fell to $2,110K from $2,344K; frozen dessert sales $406K vs $562K in Q3.
Cash $747K, working capital $3,533K as of Nov 9, 2023; CEO says positioned for improved results.

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 0.9

TOFUTTI BRANDS INC reported thirteen and thirty-nine weeks ended September 30, 2023 results: revenue Net sales for the thirteen weeks ended September 30, 2023 decreased by $381,000, or 13%, to $2,515,000, from net sales o, net income We had net income of $110,000, or $0.02 per share (basic and diluted) for the thirteen-weeks ended September 30, 2023 an, EPS $0.02 per share (basic and diluted) for the thirteen-weeks ended September 30, 2023 and ... $0.06 per share (basic and d.

Period: thirteen and thirty-nine weeks ended September 30, 2023
Revenue: Net sales for the thirteen weeks ended September 30, 2023 decreased by $381,000, or 13%, to $2,515,000, from net sales o
Net income: We had net income of $110,000, or $0.02 per share (basic and diluted) for the thirteen-weeks ended September 30, 2023 an
EPS: $0.02 per share (basic and diluted) for the thirteen-weeks ended September 30, 2023 and ... $0.06 per share (basic and d
Result: reported results

Exact text from the filing

On November 14, 2023, the Registrant reported its results of operations for the thirteen and thirty-nine weeks ended September 30, 2023.

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Source: SEC EDGAR

accession 0001493152-23-041178

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