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Tofutti Brands Inc (TOFB) delivers plant-based dessert innovations in the non-dairy sector. This page provides investors and stakeholders with a centralized hub for official company announcements, financial updates, and market developments.
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Tofutti Brands (OTCQX: TOFB), a pioneer in dairy-free products, has announced a strategic partnership with Greens and Grains, a growing New Jersey-based vegan restaurant chain, to develop a plant-based tzatziki sauce using Tofutti's Better Than Sour Cream.
The collaboration will feature the tzatziki sauce across Greens and Grains' ten locations in New Jersey and at Citizens Bank Park. Additionally, Tofutti plans to launch its own branded tzatziki dip as part of its Better Than Sour Cream Dips product line.
The partnership aims to support Greens and Grains' expansion while maintaining product consistency across their franchises. This collaboration represents a strategic alignment between two New Jersey-based companies in the plant-based food sector.
Tofutti Brands (OTCQB:TOFB), a vegan food products company, reported financial results for Q2 2025. The company experienced a 11% decrease in net sales to $2.029M for Q2 2025, compared to $2.283M in Q2 2024. For the first half of 2025, net sales declined 19% to $3.62M.
The company's vegan cheese sales decreased to $1.708M in Q2 2025 from $1.926M in Q2 2024, while frozen dessert sales dropped to $321,000 from $357,000. Despite revenue challenges, gross profit margin improved to 33% for H1 2025 compared to 25% in H1 2024, benefiting from late-2024 price increases. The company reported a reduced net loss of $(7,000) in Q2 2025 versus $(32,000) in Q2 2024.
Tofutti Brands (TOFB) reported financial results for fiscal year 2024, showing a significant decline in performance. Net sales decreased 12% to $8.82 million from $10.07 million in 2023. Plant-based cheese sales fell to $7.43 million from $8.56 million, while frozen dessert sales dropped to $1.39 million from $1.50 million.
The company's gross profit declined to $2.25 million with a 26% margin, down from $2.80 million and 28% margin in 2023. Operating expenses decreased 6% to $2.86 million. The company recorded an operating loss of $607,000 and a net loss of $860,000, compared to losses of $238,000 and $366,000 in 2023, respectively.
As of December 28, 2024, Tofutti had $462,000 in cash and working capital of $2.89 million. The company implemented a price increase effective at the start of fiscal 2025 to address rising packaging and ingredient costs.
Tofutti Brands (TOFB) reported declining financial results for Q3 2024. Net sales decreased 21% to $1.99M compared to $2.52M in Q3 2023. For the 39-week period, sales fell 16% to $6.48M from $7.72M. The company experienced significant declines in both vegan cheese and frozen dessert segments due to increased competition and reduced export business. Gross profit margin decreased to 24% from 31% in Q3. The company reported a net loss of $207,000 ($0.04 per share) for Q3 2024, compared to a net income of $110,000 in Q3 2023. Cash position decreased to $176,000 from $837,000 at year-end 2023.
Tofutti Brands (OTCQX: TOFB) reported a 16% decrease in net sales to $2,283,000 for Q2 2024, compared to $2,719,000 in Q2 2023. For the first half of 2024, sales decreased by 14% to $4,495,000. Despite lower sales, the company's gross profit percentage improved to 29% in Q2 2024 from 25% in Q2 2023. The company reported a reduced net loss of $32,000 for Q2 2024, compared to $318,000 in Q2 2023. Cash position decreased to $489,000 as of June 29, 2024, from $837,000 at the end of 2023. CEO Steven Kass expressed disappointment with revenues but noted improved operating results and strong cash resources.
Tofutti Brands (OTCQX: TOFB) announced its fiscal quarter results for the period ending March 30, 2024. The company reported net sales of $2.212 million, an 11% decrease from $2.49 million in the same period in 2023. Vegan cheese sales dropped to $1.809 million from $2.1 million, attributed to increased competition. However, frozen dessert sales saw a slight rise to $403,000 from $390,000. Gross profit also fell to $470,000 from $606,000, with the gross profit percentage declining to 21% from 24%. This decline is due to higher sales of lower-margin frozen desserts and rising costs for key ingredients and packaging. The company experienced a net loss of $303,000 or $0.06 per share, compared to a $102,000 loss or $0.02 per share in the previous year. Cash on hand decreased to $351,000 from $837,000, and working capital reduced to $3.159 million from $3.44 million at the end of 2023.
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