Tofutti Brands Q1 2024 net sales down 11%; net loss widens to $303K

TOFUTTI BRANDS INC

2024-Q1 EPS reported -$0.06 revenue$2,212,000

Net sales $2.21M, down 11% from $2.49M YoY; gross profit margin fell to 21% from 24%.
Net loss of $303K ($0.06 per share) versus loss of $102K ($0.02 per share) in prior year.
Vegan cheese sales dropped to $1.81M from $2.10M due to increased competition.
Frozen dessert sales edged up to $403K from $390K, but lower margins pressured gross profit.
Cash $351K; working capital $3.16M; CEO cites focus on returning to profitability in 2024.

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 the fiscal quarter ended March 30, 2024 results: net income $303,000, EPS $0.06 per share.

Period: the fiscal quarter ended March 30, 2024
Net income: $303,000
EPS: $0.06 per share
Result: reported results

Exact text from the filing

We incurred a net loss of $303,000, or $0.06 per share (basic and diluted) for the quarter ended March 30, 2024

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Source: SEC EDGAR

accession 0001493152-24-019321

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