TOFUTTI ANNOUNCES RESULTS FOR THE THIRTEEN AND TWENTY-SIX WEEKS ENDED JUNE 28, 2025

Core Viewpoint - Tofutti Brands Inc. reported a decline in net sales and increased competition in the vegan cheese market, leading to a net loss for the recent financial periods [2][4][6]. Financial Performance - For the thirteen weeks ended June 28, 2025, net sales decreased by $254,000, or 11%, to $2,029,000 compared to $2,283,000 for the same period in 2024 [2]. - For the twenty-six weeks ended June 28, 2025, net sales were $3,620,000, a decrease of $875,000, or 19%, from $4,495,000 for the same period in 2024 [4]. - Gross profit for the thirteen weeks ended June 28, 2025, decreased to $618,000 from $667,000 in the prior year, while the gross profit percentage increased slightly to 30% from 29% [3]. - Gross profit for the twenty-six weeks ended June 28, 2025, increased to $1,207,000 from $1,136,000 in the prior year, with a gross profit percentage of 33% compared to 25% [5]. Product Sales - Sales of vegan cheese products decreased to $1,708,000 for the thirteen weeks ended June 28, 2025, down from $1,926,000 in the prior year, attributed to increased competition [2]. - Sales of frozen dessert products also declined to $321,000 for the thirteen weeks ended June 28, 2025, from $357,000 for the same period in 2024 [2]. - For the twenty-six weeks ended June 28, 2025, sales of vegan cheese products decreased to $3,081,000 from $3,735,000, and frozen dessert sales decreased to $539,000 from $700,000 [4]. Losses and Cash Position - The company reported a net loss of $(7,000) or $(0.00) per share for the thirteen weeks ended June 28, 2025, compared to a net loss of $(32,000) or $(0.01) per share for the same period in 2024 [6]. - For the twenty-six weeks ended June 28, 2025, the net loss was $(169,000) or $(0.03) per share, compared to $(335,000) or $(0.06) per share for the same period in 2024 [6]. - As of June 28, 2025, the company had approximately $350,000 in cash and working capital of approximately $2,733,000, down from $462,000 in cash and $2,893,000 in working capital at December 30, 2024 [7]. Company Overview - Tofutti Brands Inc. was founded in 1981 and develops a complete line of plant-based products, including over twenty-five dairy-free foods [8]. - The company serves customers in the United States and twelve other countries, catering to those who are allergic or intolerant to dairy or who wish to maintain a kosher or vegan diet [8].