Tofutti Brands, Inc. Reports Earnings Results for the Third Quarter Ended September 26, 2020
November 16, 2020 at 05:22 pm EST
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Tofutti Brands, Inc. announced earnings results for the third quarter ended September 26, 2020. For the third quarter, the company announced sales was USD 3.152 million compared to USD 3.122 million a year ago. Operating income was USD 251,000 compared to operating loss of USD 34,000 a year ago. Net income was USD 220,000 compared to net loss of USD 40,000 a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the nine months, sales was USD 9.621 million compared to USD 9.766 million a year ago. Operating income was USD 530,000 compared to operating loss of USD 54,000 a year ago. Net income was USD 410,000 compared to net loss of USD 79,000 a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
Tofutti Brands Inc. is engaged in the development, production and marketing of plant-based, dairy-free frozen desserts, cheeses and other food products. The Company's TOFUTTI brand products are vegan, dairy-free products that contain no butterfat, cholesterol or lactose and use soy and other vegetable proteins. The Company's dairy-free vegan cheese products include BETTER THAN CREAM CHEESE, TOFUTTI WHIPPED BETTER THAN CREAM CHEESE, BETTER THAN SOUR CREAM, TOFUTTI AMERICAN VEGAN CHEESE SLICES and BETTER THAN RICOTTA CHEESE. Its frozen desserts include TOFUTTI and TOFUTTI CUTIES. The Company sells products in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, Cleveland, Dallas, Denver, Detroit, Houston, Jacksonville, Kansas City, Los Angeles, Miami, Milwaukee, Minneapolis, Nashville, New York, Orlando, Philadelphia, Phoenix, Portland, Richmond, Salt Lake City, San Diego, San Francisco, Seattle, St. Louis, Tampa and Washington.
TOFUTTI BRANDS INC. 