---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012989"
form_type: "8-K"
ticker: "TOFB"
cik: "0000730349"
company_name: "TOFUTTI BRANDS INC"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T03:05:27.938714+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tofutti Brands reports FY2023 net sales down 22% to $10.1M; net loss narrows to $366K

## Summary
- Net sales $10.07M, down $2.76M (22%) from prior year; plant-based cheese sales fell 22% to $8.56M.
- Gross profit rose 19% to $2.80M (28% margin vs 18% prior year) due to cost improvements.
- Net loss improved to $366K ($0.07 per share) from $525K ($0.10 per share) in FY2022.
- Cash at year end $837K; working capital $3.44M, down from $3.63M prior year.
- CEO cites increased competition in vegan cheese; expects improved revenues in 2024 from price increases.

## SEC filing metadata
- accession: 0001493152-24-012989
- form_type: 8-K
- ticker: TOFB
- cik: 0000730349
- company_name: TOFUTTI BRANDS INC
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730349/000149315224012989/0001493152-24-012989-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730349/000149315224012989/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012989
- JSON: https://secwatch.observer/filing/0001493152-24-012989.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012989.txt

## Key facts
- Earnings Releases
  TOFUTTI BRANDS INC reported the fiscal year ended December 30, 2023 results: revenue net sales of $10,068,00, net income net loss of $366,000, EPS $0.07 per share (basic and diluted).
  - Period: the fiscal year ended December 30, 2023
  - Revenue: net sales of $10,068,00
  - Net income: net loss of $366,000
  - EPS: $0.07 per share (basic and diluted)
  - Result: reported results
  source text: TOFUTTI ANNOUNCES RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 30, 2023 Cranford, New Jersey — April 3, 2024 — TOFUTTI BRANDS INC. (OTCQX Symbol: TOFB) issued its results for the fiscal year ended December 30, 2023 today. Tofutti Brands reported net sales of $10,068,00, a decrease of $2,759,000 or 22%, from net sales of $12,827,000 for the fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/730349/000149315224012989/0001493152-24-012989-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.