secwatch.observer — SEC 8-K summary
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Issuer:     TOFUTTI BRANDS INC (TOFB)
CIK:        0000730349
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001493152-24-032671
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730349/000149315224032671/0001493152-24-032671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730349/000149315224032671/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-032671

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