Tofutti Q2 net sales down 16% to $2.28M; net loss narrows to $0.01 EPS

TOFUTTI BRANDS INC

2024-Q2 EPS reported -$0.06 revenue$4,495,000

Net sales for Q2 (13 weeks) decreased 16% to $2.283M from $2.719M in prior-year quarter.
Net loss narrowed to $32,000 ($0.01 per share) from a loss of $318,000 ($0.06 per share) YoY.
Gross profit margin improved to 29% from 25% in the quarter; gross profit was flat at $667,000.
Cash balance at June 29, 2024 was $489,000; working capital $3.105M versus $3.440M at year-end 2023.
CEO Steven Kass stated revenues were disappointing but cash resources remain strong; expects improved H2 results.

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