Tofutti Brands, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 02, 2021
November 16, 2021 at 04:16 pm EST
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Tofutti Brands, Inc. reported earnings results for the third quarter and nine months ended October 02, 2021. For the third quarter, the company reported sales was USD 3.36 million compared to USD 3.15 million a year ago. Net income was USD 0.12 million compared to USD 0.22 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.04 a year ago.
For the nine months, sales was USD 9.53 million compared to USD 9.62 million a year ago. Net income was USD 0.228 million compared to USD 0.41 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.08 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.