Tofutti Brands Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2022
November 15, 2022 at 04:16 pm EST
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Tofutti Brands Inc. reported earnings results for the third quarter and nine months ended October 01, 2022. For the third quarter, the company reported sales was USD 2.9 million compared to USD 3.36 million a year ago. Net loss was USD 0.192 million compared to net income of USD 0.12 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 9.34 million compared to USD 9.53 million a year ago. Net loss was USD 0.195 million compared to net income of USD 0.228 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
Tofutti Brands Inc. is engaged in the development, production and marketing of plant-based, dairy-free frozen desserts, cheeses and other food products. The Company's TOFUTTI brand products are vegan, dairy-free products that contain no butterfat, cholesterol or lactose and use soy and other vegetable proteins. The Company's dairy-free vegan cheese products include BETTER THAN CREAM CHEESE, TOFUTTI WHIPPED BETTER THAN CREAM CHEESE, BETTER THAN SOUR CREAM, TOFUTTI AMERICAN VEGAN CHEESE SLICES and BETTER THAN RICOTTA CHEESE. Its frozen desserts include TOFUTTI and TOFUTTI CUTIES. The Company sells products in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, Cleveland, Dallas, Denver, Detroit, Houston, Jacksonville, Kansas City, Los Angeles, Miami, Milwaukee, Minneapolis, Nashville, New York, Orlando, Philadelphia, Phoenix, Portland, Richmond, Salt Lake City, San Diego, San Francisco, Seattle, St. Louis, Tampa and Washington.