Core Viewpoint - Tofutti Brands Inc. reported a decline in net sales for both the thirteen and thirty-nine weeks ended September 27, 2025, primarily due to decreased sales in vegan cheese and frozen dessert products, although gross profit increased due to price adjustments implemented in late 2024 [2][4][5]. Financial Performance - For the thirteen weeks ended September 27, 2025, net sales were $1,907,000, a decrease of $79,000 or 4% from $1,986,000 in the same period of 2024 [2]. - Vegan cheese product sales decreased to $1,632,000 from $1,648,000, while frozen dessert sales fell to $275,000 from $338,000 [2]. - Gross profit for the thirteen weeks increased to $519,000, up from $485,000, with a gross profit percentage rising to 27% from 25% [3]. - For the thirty-nine weeks ended September 27, 2025, net sales were $5,527,000, a decrease of $954,000 or 15% from $6,481,000 in the same period of 2024 [4]. - Vegan cheese sales dropped to $4,713,000 from $5,383,000, attributed to increased competition, while frozen dessert sales decreased to $814,000 from $1,098,000 [4]. - Gross profit for the thirty-nine weeks increased to $1,726,000 from $1,621,000, with a gross profit percentage of 31%, up from 25% [5]. Losses and Cash Position - The company reported a net loss of $(137,000) or $(0.03) per share for the thirteen weeks ended September 27, 2025, compared to a net loss of $(207,000) or $(0.04) per share for the same period in 2024 [6]. - For the thirty-nine weeks, net losses were $(306,000) or $(0.06) per share, compared to $(542,000) or $(0.11) per share in the previous year [6]. - As of September 27, 2025, the company had approximately $630,000 in cash and working capital of approximately $2,598,000, compared to $462,000 in cash and $2,893,000 in working capital at December 30, 2024 [7]. Company Overview - Tofutti Brands Inc., founded in 1981, develops and distributes a complete line of plant-based products, including over twenty-five dairy-free foods such as cheese products and frozen desserts [8]. - The company serves customers in the United States and twelve foreign countries, catering to individuals with dairy allergies or those following kosher or vegan diets [8].
TOFUTTI ANNOUNCES RESULTS FOR THE THIRTEEN AND THIRTY-NINE WEEKS ENDED SEPTEMBER 27, 2025
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