Tofutti Brands (OTCMKTS:TOFB) Releases Quarterly Earnings Results

Tofutti Brands (OTCMKTS:TOFB) posted its earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, Zacks reports. The firm had revenue of $1.79 million during the quarter. Tofutti Brands had a negative net margin of 13.09% and a negative return on equity of 43.06%.

Tofutti Brands Price Performance

OTCMKTS TOFB remained flat at $0.52 during mid-day trading on Thursday. The company had a trading volume of 5,000 shares, compared to its average volume of 7,116. The stock’s fifty day moving average is $0.64 and its 200 day moving average is $0.69. The company has a market capitalization of $2.68 million, a PE ratio of -2.74 and a beta of 0.77. Tofutti Brands has a 1 year low of $0.42 and a 1 year 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.