TOFUTTI ANNOUNCES RESULTS FOR THE THIRTEEN AND THIRTY-NINE WEEKS ENDED SEPTEMBER 27, 2025
Rhea-AI Summary
Tofutti Brands (OTCQB: TOFB) reported results for the thirteen and thirty-nine weeks ended September 27, 2025. Net sales for the 13-week period were $1,907,000 versus $1,986,000 a year earlier; 39-week net sales were $5,527,000, down 15% from $6,481,000. Gross profit rose to $519,000 (13 weeks) and $1,726,000 (39 weeks), with gross margin improving to 27% (13 weeks) and 31% (39 weeks). The company reported a 13-week net loss of $137,000 and a 39-week net loss of $306,000. Cash was approximately $630,000 as of September 27, 2025.
Positive
- Gross profit percentage improved to 31% for 39 weeks
- Gross profit increased by $105,000 for 39 weeks
- Net loss narrowed to $306,000 for 39 weeks
- Cash balance increased to $630,000
Negative
- 39-week net sales declined 15% to $5,527,000
- Vegan cheese sales fell to $4,713,000 for 39 weeks
- Working capital decreased ~10% from year-end 2024
Edison, New Jersey, Nov. 12, 2025 (GLOBE NEWSWIRE) -- TOFUTTI BRANDS INC. (OTCQB Symbol: TOFB) issued its results for the thirteen and thirty-nine weeks ended September 27, 2025 today.
Tofutti Brands reported net sales of
Our gross profit increased to
Net sales for the thirty-nine weeks ended September 27, 2025 were
Our gross profit increased to
The Company reported a net loss of
As of September 27, 2025, we had approximately
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 twelve (12) foreign 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 products.
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 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 Statements of Operations
(in thousands, except per share figures)
| Thirteen weeks ended September 27, 2025 | Thirteen weeks ended September 28, 2024 | Thirty-nine weeks ended September 27, 2025 | Thirty-nine weeks ended September 28, 2024 | |||||||||||||
| Net sales | $ | 1,907 | $ | 1,986 | $ | 5,527 | $ | 6,481 | ||||||||
| Cost of sales | 1,388 | 1,501 | 3,801 | 4,860 | ||||||||||||
| Gross profit | 519 | 485 | 1,726 | 1,621 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Selling and warehouse | 217 | 207 | 622 | 671 | ||||||||||||
| Marketing | 95 | 83 | 305 | 297 | ||||||||||||
| Research and development | 31 | 28 | 113 | 92 | ||||||||||||
| General and administrative | 309 | 374 | 979 | 1097 | ||||||||||||
| 652 | 692 | 2,019 | 2,157 | |||||||||||||
| Loss from operations | (133 | ) | (207 | ) | (293 | ) | (536 | ) | ||||||||
| Loss before interest expense and income taxes | (133 | ) | (207 | ) | (293 | ) | (536 | ) | ||||||||
| Interest expense | — | — | 1 | 1 | ||||||||||||
| Loss before income tax expense | (133 | ) | (207 | ) | (294 | ) | (537 | ) | ||||||||
| Income tax expense | 4 | — | 12 | 5 | ||||||||||||
| Net loss | $ | (137 | ) | $ | (207 | ) | $ | (306 | ) | $ | (542 | ) | ||||
| Weighted average common shares outstanding: | ||||||||||||||||
| Basic | 5,154 | 5,154 | 5,154 | 5,154 | ||||||||||||
| Diluted | 5,154 | 5,154 | 5,154 | 5,154 | ||||||||||||
| Loss per common share: | ||||||||||||||||
| Basic | $ | (0.03 | ) | $ | (0.04 | ) | $ | (0.06 | ) | $ | (0.11 | ) | ||||
| Diluted | $ | (0.03 | ) | $ | (0.04 | ) | $ | (0.06 | ) | $ | (0.11 | ) | ||||
See accompanying notes to unaudited condensed financial statements.
TOFUTTI BRANDS INC.
Condensed Balance Sheets
(in thousands, except share and per share figures)
| (Unaudited) September 27, 2025 | December 28, 2024 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash | $ | 630 | $ | 462 | ||||
| Accounts receivable, net of allowance for credit losses and sales promotions of | 787 | 989 | ||||||
| Inventories | 2,231 | 1,879 | ||||||
| Prepaid expenses and other current assets | 93 | 111 | ||||||
| Total current | 3,741 | 3,441 | ||||||
| Operating lease right-of-use assets | 291 | 340 | ||||||
| Finance lease right-of-use asset | 9 | 21 | ||||||
| Other assets | 21 | 21 | ||||||
| Total assets | $ | 4,062 | $ | 3,823 | ||||
| Liabilities and Stockholders’ Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 649 | $ | 257 | ||||
| Accrued expenses | 416 | 211 | ||||||
| Operating lease liability, current portion | 68 | 64 | ||||||
| Finance lease liability, current portion | 10 | 16 | ||||||
| Total current liabilities | 1,143 | 548 | ||||||
| Operating lease liabilities, net of current portion | 239 | 283 | ||||||
| Finance lease liability, net of current portion | — | 6 | ||||||
| Total liabilities | 1,382 | 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 | 2,251 | 2,557 | ||||||
| Total stockholders’ equity | 2,680 | 2,986 | ||||||
| Total liabilities and stockholders’ equity | $ | 4,062 | $ | 3,823 | ||||
See accompanying notes to unaudited condensed financial statements.