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TOFB Tofutti Brands News Story

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Tofutti Brands Q3 gross profit rises

Overview

Tofutti Q3 net sales decreased to $1.91 mln from $1.99 mln in 2024

Gross profit for Q3 rises to $519,000

Company reports reduced net loss of $137,000 for Q3

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

VEGAN CHEESE COMPETITION - Increased competition in vegan cheese category led to decreased sales

PRICE INCREASES - Gross profit increase attributed to significant price hikes at end of 2024

FROZEN DESSERT SALES DECLINE - Sales of frozen desserts decreased, contributing to overall revenue decline

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Sales$1.91 mln
Q3 Net Income-$137,000
Q3 Gross Profit$519,000
Q3 Operating Income-$133,000
Q3 Pretax Profit-$133,000
Press Release: ID:nGNX6ftdXY For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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