secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001493152-23-041178
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315223041178/0001493152-23-041178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315223041178/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041178

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