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As of 8:04 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

tofutti brands inc (TOF) Key Developments

Tofutti Brands Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Tofutti Brands Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the net sales were $3,498,000 compared to $4,262,000 a year ago. The decrease in Net Sales were mainly the result of a decrease in frozen food product sales, primarily frozen desserts, with a smaller decrease in the company's nondairy cheese product line. Loss before income taxes was $190,000 compared to income before taxes of $181,000 a year ago. Net loss was $190,000 or $0.04 per basic and diluted common share compared to net income of $181,000 or $0.04 per basic and diluted common share a year ago. For the six months, the net sales were $7,355,000 compared to $7,701,000 a year ago. Loss before income taxes was $78,000 compared to $82,000 a year ago. Net loss was $84,000 or $0.02 per basic and diluted common share compared to $88,000 or $0.02 per basic and diluted common share a year ago.

Tofutti Brands Inc., Annual General Meeting, Jun 10, 2014

Tofutti Brands Inc., Annual General Meeting, Jun 10, 2014., at 10:00 US Eastern Standard Time. Location: Homewood Suites, 2 Jackson Drive. Agenda: To elect six directors to the Board of Directors for the ensuing year; to approve the adoption of the 2014 equity incentive plan; to ratify the selection of EisnerAmper LLP as independent registered public accounting firm for the fiscal year ending December 27, 2014; and to act upon any other matters that may properly be brought before the Annual Meeting and any adjournment thereof.

Tofutti Brands Inc. Reports Earnings Results for the First Quarter Ended March 29, 2014

Tofutti Brands Inc. reported earnings results for the first quarter ended March 29, 2014. The Company reported net sales of approximately $3.9 million compared with net sales of approximately $3.4 million for the thirteen weeks ended March 30, 2013, an increase of 12%. The Company reported income before income taxes of $112,000 as compared with a loss of $262,000 before income taxes for the comparable 2013 period. The Company had net income of $106,000, or $0.02 per share, compared to a net loss of $268,000, or $0.05 per share, for the thirteen week period ended March 30, 2013.

Tofutti Brands Inc. Reports Earnings Results for the Year Ended December 28, 2013

Tofutti Brands Inc. reported earnings results for the year ended December 28, 2013. For the year, the company reported net sales of USD 14,692,000 compared to USD 14,343,000 a year ago. Loss before provision for income tax was USD 899,000 compared to USD 912,000 a year ago. Net loss was USD 908,000 compared to USD 824,000 a year ago. Basic and diluted loss per share was USD 0.18 compared to USD 0.16 a year ago. The increase in sales was primarily due to the increase of sales in soy-cheese product line.

Tofutti Brands Inc. Announces Audited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Tofutti Brands Inc. announced audited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company announced net sales of $3,442,000 compared to $3,498,000 for the same period a year ago. Loss before income taxes was $108,000 compared to $279,000 for the same period a year ago. Net loss was $149,000 compared to $217,000 for the same period a year ago. Net loss per common share, basic and diluted was $0.03 compared to $0.04 for the same period a year ago. The decrease in sales in the quarter was a result of decreased sales of frozen desserts combined with a smaller than anticipated increase in non-dairy cheese product sales. For the nine months, the company announced net sales of $11,143,000 compared to $10,486,000 for the same period a year ago. Loss before income taxes was $190,000 compared to $785,000 for the same period a year ago. Net loss was $236,000 compared to $526,000 for the same period a year ago. Net loss per common share, basic and diluted was $0.05 compared to $0.10 for the same period a year ago. Increased sales in nine months were primarily a result of increased sales of the company’s non-dairy cheese products.

 

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