Tofutti Brands (OTCMKTS:TOFB) Announces Quarterly Earnings Results

Tofutti Brands (OTCMKTS:TOFB) issued its quarterly earnings data on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $2.25 million during the quarter. Tofutti Brands had a negative return on equity of 22.08% and a negative net margin of 7.93%.

Tofutti Brands Stock Up 2.5%

Shares of OTCMKTS TOFB opened at $0.72 on Tuesday. The business has a 50-day simple moving average of $0.72 and a two-hundred day simple moving average of $0.72. Tofutti Brands has a 52 week low of $0.51 and a 52 week high of $0.85. The company has a market cap of $3.70 million, a P/E ratio of -5.52 and a beta of 0.77.

About Tofutti Brands

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.