TOFUTTI BRANDS (OTCQB: TOFB) reported financial results for Q1 2025. Net sales decreased 28% to $1.59M compared to $2.21M in Q1 2024. Vegan cheese sales declined to $1.37M from $1.81M, impacted by increased competition and order uncertainties due to proposed tariffs. Despite lower sales, gross profit improved to $589K from $470K, with margin expanding to 37% from 21%, driven by late-2024 price increases. Operating expenses decreased slightly to $750K. The company narrowed its net loss to $162K ($0.03 per share) from $303K ($0.06 per share) year-over-year. Cash position stood at $609K with working capital of $2.74M as of March 29, 2025.
TOFUTTI BRANDS (OTCQB: TOFB) ha comunicato i risultati finanziari per il primo trimestre 2025. Le vendite nette sono diminuite del 28%, attestandosi a 1,59 milioni di dollari rispetto ai 2,21 milioni del primo trimestre 2024. Le vendite di formaggi vegani sono calate a 1,37 milioni di dollari da 1,81 milioni, influenzate dalla maggiore concorrenza e dalle incertezze sugli ordini dovute ai dazi proposti. Nonostante il calo delle vendite, il margine lordo è migliorato, passando da 470 mila a 589 mila dollari, con un'espansione del margine dal 21% al 37%, grazie agli aumenti di prezzo applicati a fine 2024. Le spese operative sono leggermente diminuite a 750 mila dollari. L'azienda ha ridotto la perdita netta a 162 mila dollari (0,03 dollari per azione) rispetto ai 303 mila (0,06 dollari per azione) dell'anno precedente. Al 29 marzo 2025, la posizione di cassa era di 609 mila dollari con un capitale circolante di 2,74 milioni di dollari.
TOFUTTI BRANDS (OTCQB: TOFB) reportó los resultados financieros del primer trimestre de 2025. Las ventas netas disminuyeron un 28%, alcanzando 1,59 millones de dólares en comparación con 2,21 millones en el primer trimestre de 2024. Las ventas de quesos veganos bajaron a 1,37 millones desde 1,81 millones, afectadas por una mayor competencia y la incertidumbre en los pedidos debido a los aranceles propuestos. A pesar de la caída en ventas, el beneficio bruto mejoró a 589 mil dólares desde 470 mil, con un margen que se amplió del 21% al 37%, impulsado por los aumentos de precios a finales de 2024. Los gastos operativos disminuyeron ligeramente a 750 mil dólares. La compañía redujo la pérdida neta a 162 mil dólares (0,03 dólares por acción) desde 303 mil (0,06 dólares por acción) interanual. Al 29 de marzo de 2025, la posición de efectivo era de 609 mil dólares con un capital de trabajo de 2,74 millones de dólares.
TOFUTTI BRANDS(OTCQB: TOFB)는 2025년 1분기 재무 실적을 발표했습니다. 순매출은 28% 감소하여 2024년 1분기 221만 달러에서 159만 달러로 줄었습니다. 비건 치즈 매출은 181만 달러에서 137만 달러로 감소했으며, 이는 경쟁 심화와 제안된 관세로 인한 주문 불확실성의 영향입니다. 매출 감소에도 불구하고 총이익은 47만 달러에서 58만 9천 달러로 개선되었으며, 마진은 21%에서 37%로 확대되었는데 이는 2024년 말 가격 인상에 기인합니다. 영업비용은 소폭 감소하여 75만 달러였습니다. 회사는 순손실을 16만 2천 달러(주당 0.03달러)로 축소했으며, 전년 동기 30만 3천 달러(주당 0.06달러)에서 개선되었습니다. 2025년 3월 29일 기준 현금 보유액은 60만 9천 달러, 운전자본은 274만 달러였습니다.
TOFUTTI BRANDS (OTCQB : TOFB) a publié ses résultats financiers pour le premier trimestre 2025. Le chiffre d'affaires net a diminué de 28%, s'établissant à 1,59 million de dollars contre 2,21 millions au premier trimestre 2024. Les ventes de fromages véganes ont baissé à 1,37 million de dollars contre 1,81 million, impactées par une concurrence accrue et des incertitudes liées aux commandes en raison des tarifs proposés. Malgré la baisse des ventes, le profit brut s'est amélioré à 589 000 dollars contre 470 000, avec une marge passant de 21% à 37%, grâce aux augmentations de prix fin 2024. Les charges d'exploitation ont légèrement diminué à 750 000 dollars. La société a réduit sa perte nette à 162 000 dollars (0,03 dollar par action) contre 303 000 (0,06 dollar par action) d'une année sur l'autre. Au 29 mars 2025, la trésorerie s'élevait à 609 000 dollars avec un fonds de roulement de 2,74 millions de dollars.
TOFUTTI BRANDS (OTCQB: TOFB) meldete die Finanzergebnisse für das erste Quartal 2025. Der Nettoumsatz sank um 28% auf 1,59 Mio. USD im Vergleich zu 2,21 Mio. USD im ersten Quartal 2024. Der Umsatz mit veganem Käse ging zurück auf 1,37 Mio. USD von 1,81 Mio. USD, beeinflusst durch verstärkten Wettbewerb und Unsicherheiten bei Bestellungen aufgrund vorgeschlagener Zölle. Trotz geringerer Umsätze verbesserte sich der Bruttogewinn auf 589.000 USD von 470.000 USD, mit einer Margenausweitung von 21 % auf 37 %, bedingt durch Preiserhöhungen Ende 2024. Die Betriebskosten sanken leicht auf 750.000 USD. Das Unternehmen verringerte den Nettoverlust auf 162.000 USD (0,03 USD pro Aktie) von 303.000 USD (0,06 USD pro Aktie) im Jahresvergleich. Zum 29. März 2025 betrug die Barreserve 609.000 USD bei einem Working Capital von 2,74 Mio. USD.
Positive
Gross profit margin improved significantly to 37% from 21% YoY
Net loss narrowed by 47% to $162K from $303K YoY
Operating expenses reduced to $750K from $772K
Cash position improved to $609K from $462K in December 2024
Negative
Net sales declined 28% YoY to $1.59M
Vegan cheese sales decreased 24% YoY to $1.37M
Continued operating losses of $161K
Working capital decreased to $2.74M from $2.89M in December 2024
Edison, New Jersey, May 19, 2025 (GLOBE NEWSWIRE) -- TOFUTTI BRANDS INC. (OTCQB Symbol: TOFB) issued its results for the fiscal quarter ended March 29, 2025 today.
Net sales for the thirteen weeks ended March 29, 2025 decreased by $621,000, or 28%, from net sales of $2,212,000 for the thirteen weeks ended March 30, 2024 to $1,591,000 for the thirteen weeks ended March 29, 2025. Sales of our vegan cheese products decreased to $1,373,000 in the thirteen weeks ended March 29, 2025 from $1,809,000 in the thirteen weeks ended March 30, 2024. Our sales were negatively impacted by increased competition in the vegan cheese category and a pause in orders resulting from the uncertainty created by the proposed new tariffs to be implemented by the U.S. and foreign countries that we sell to.
Our gross profit increased to $589,000 for the thirteen weeks ended March 29, 2025 from $470,000 for the thirteen weeks ended March 30, 2024, due principally to significant price increases implemented at the end of 2024. Our gross profit percentage was 37% for the thirteen weeks ending March 29, 2025 compared to 21% for the thirteen weeks ending March 30, 2024.
Total operating expenses decreased to $750,000 for the thirteen weeks ended March 29, 2025 from $772,000 for the thirteen weeks ended March 30, 2024. As a result of the foregoing, we recorded an operating loss of $161,000 in the thirteen weeks ended March 29, 2025 compared with an operating loss of $302,000 in the thirteen weeks ended March 30, 2024. We recorded a net loss of $162,000 ($0.03 per share) in the thirteen weeks ended March 29, 2025 compared with a net loss of $303,000 ($0.06 per share) in the thirteen weeks ended March 30, 2024.
As of March 29, 2025, we had approximately $609,000 in cash and our working capital was approximately $2,738,000, compared with approximately $462,000 in cash and working capital of $2,893,000 at December 30, 2024.
About Tofutti Brands Inc. Founded in 1981, Tofutti Brands Inc. develops and distributes a complete line of plant-based products. The Company sells more than twenty-five (25) dairy-free foods including cheese products and frozen desserts. Tofutti Brands Inc. is a proven innovator in the food industry and has developed a full line of delicious and healthy dairy-free foods. Available throughout the United States and in more than fifteen (15) countries, Tofutti Brands answers the call of millions of people who are allergic or intolerant to dairy or wish to maintain a kosher or vegan diet. Tofutti’s product line includes plant-based ice cream pints, cones, Tofutti Cutie® sandwiches and novelty
Forward-Looking Statements. Some of the statements in this press release concerning the Company’s future prospects are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Actual results may vary significantly based upon a number of factors including, but not limited to the impact of announced tariffs on our revenues, business conditions both domestic and international, competition, changes in product mix or distribution channels, resource constraints encountered in promoting and developing new products and other risk factors detailed in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K.
Company Contact:
Steve Kass
Chief Executive and Financial Officer
(908) 272-2400
(908) 272-9492 (Fax)
TOFUTTI BRANDS INC. Unaudited Condensed Balance Sheets (in thousands, except share and per share figures)
March 29, 2025
December 28, 2024
Assets
Current assets:
Cash
$
609
$
462
Accounts receivable, net of allowance for doubtful accounts and sales promotions of $350 and $389.
540
989
Inventories
2,144
1,879
Prepaid expenses and other current assets
101
111
Total current
3,394
3,441
Operating lease right-of-use assets
323
340
Finance lease right-of-use asset
17
21
Other assets
21
21
Total assets
$
3,755
$
3,823
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
$
347
$
257
Accrued expenses
292
275
Finance lease liability, current portion
17
16
Total current liabilities
656
548
Operating lease liabilities, net of current portion
274
283
Finance lease liability, net of current portion
1
6
Total liabilities
931
837
Stockholders’ equity:
Preferred stock - par value $.01 per share; authorized 100,000 shares, none issued and outstanding
—
-
Common stock - par value $.01 per share; authorized 15,000,000 shares, 5,153,706 shares issued and outstanding
52
52
Additional paid-in capital
377
377
Retained earnings
2,395
2,557
Total stockholders’ equity
2,824
2,986
Total liabilities and stockholders’ equity
$
3,755
$
3,823
TOFUTTI BRANDS, INC. Unaudited Condensed Statements of Operations (in thousands, except per share figures)
Thirteen weeks ended March 29, 2025
Thirteen weeks ended March 30, 2024
Net sales
$
1,591
$
2,212
Cost of sales
1,002
1,742
Gross profit
589
470
Operating expenses:
Selling and warehouse
217
214
Marketing
121
134
Research and development
44
42
General and administrative
368
382
750
772
Loss from operations
(161
)
(302
)
Loss before interest expense and income taxes
(161
)
(302
)
Interest expense
1
1
Loss before income tax
(162
)
(303
)
Provision for income taxes
—
—
Net loss
$
(162
)
$
(303
)
Weighted average common shares outstanding:
Basic
5,154
5,154
Diluted
5,154
5,154
Earnings (loss) per common share:
Basic
$
(0.03
)
$
(0.06
)
Diluted
$
(0.03
)
$
(0.06
)
FAQ
What were TOFUTTI's (TOFB) Q1 2025 earnings results?
TOFUTTI reported a net loss of $162K ($0.03 per share) in Q1 2025, compared to a net loss of $303K ($0.06 per share) in Q1 2024. Net sales decreased 28% to $1.59M.
Why did TOFUTTI's (TOFB) sales decline in Q1 2025?
Sales declined due to increased competition in the vegan cheese category and order uncertainties resulting from proposed new tariffs in U.S. and foreign markets.
How did TOFUTTI's (TOFB) gross margins improve in Q1 2025?
Gross margins improved to 37% from 21% YoY due to significant price increases implemented at the end of 2024.
What is TOFUTTI's (TOFB) current financial position as of March 2025?
As of March 29, 2025, TOFUTTI had $609K in cash and working capital of approximately $2.74M.
How much did TOFUTTI's (TOFB) vegan cheese sales decrease in Q1 2025?
Vegan cheese sales decreased to $1.37M in Q1 2025 from $1.81M in Q1 2024, representing a 24% decline.
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