Tofutti Brands (OTCMKTS:TOFB) Issues Earnings Results

Tofutti Brands (OTCMKTS:TOFB) issued its quarterly earnings data on Monday. The company reported ($0.05) EPS for the quarter, Zacks reports. Tofutti Brands had a negative net margin of 10.01% and a negative return on equity of 29.56%.

Tofutti Brands Stock Performance

OTCMKTS:TOFB opened at $0.62 on Tuesday. The stock has a fifty day moving average price of $0.72 and a 200-day moving average price of $0.72. The company has a market cap of $3.21 million, a price-to-earnings ratio of -4.14 and a beta of 0.84. Tofutti Brands has a fifty-two week low of $0.55 and a fifty-two week high of $0.85.

Tofutti Brands Company Profile

Tofutti Brands Inc is a specialty food company focused on the development, manufacturing and marketing of non-dairy frozen desserts and cheese alternatives. Founded in the early 1980s by David Mintz, the company pioneered plant-based frozen novelties and spreadable products designed to appeal to consumers seeking lactose-free, vegan and kosher options. Its product portfolio includes frozen desserts such as “Cuties” ice cream bars, “Cutiecups” novelty cups, and a range of dairy-free cream cheeses, sour creams and mozzarella-style shreds under the Tofutti Better Than™ brand.

Manufacturing operations are based in East Hanover, New Jersey, and the company distributes its products through major supermarket chains, natural food stores and foodservice channels across North America.