Tofutti reports FY2024 net loss of $860K, sales down 12% to $8.82M

TOFUTTI BRANDS INC

Net sales $8.82M, down 12% from $10.07M in FY2023.
Net loss of $860K vs loss of $366K in prior year; operating loss $607K.
Plant-based cheese sales fell to $7.43M from $8.56M due to competition; frozen desserts down to $1.39M from $1.50M.
Cash at Dec 28, 2024: $462K vs $837K a year ago; working capital $2.89M vs $3.44M.
Gross profit margin declined to 26% from 28%; price increase instituted for FY2025.

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