Tofutti Brands (OTCMKTS:TOFB) Releases Quarterly Earnings Results

Tofutti Brands (OTCMKTS:TOFB) released its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Tofutti Brands had a negative net margin of 11.25% and a negative return on equity of 36.07%.

Tofutti Brands Price Performance

TOFB stock traded down $0.01 during trading on Tuesday, reaching $0.49. 30,037 shares of the company were exchanged, compared to its average volume of 4,522. The company has a market capitalization of $2.52 million, a price-to-earnings ratio of -2.87 and a beta of 0.77. The company has a 50-day moving average of $0.65 and a two-hundred day moving average of $0.69. Tofutti Brands has a twelve month low of $0.42 and a twelve month 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.