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TOFB Tofutti Brands

Tofutti Brands, Inc. engages in the development, production and marketing of non dairy frozen desserts and other food products. The company offers non dairy soy based products includes frozen desserts, nondairy cheeses and spreads, other frozen food products and various dry grocery products to gourmet shops, kosher supermarkets, natural/health food stores and national and regional supermarket chains. Its products are also free of cholesterol and derive their fat from soy and corn, both naturally lower in saturated fat than dairy products. The company was founded by David Mintz in August 1981 and is headquartered in Cranford, NJ.

Company profile

Ticker
TOFB
Exchange
Website
CEO
David Mintz
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
133094658

TOFB stock data

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Calendar

24 May 21
29 Jul 21
1 Jan 22
Quarter (USD)
Apr 21 Jan 21 Sep 20 Jun 20
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Annual (USD)
Jan 21 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
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Financial report summary

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Management Discussion
  • Net sales for the thirteen weeks ended April 3, 2021 decreased by $76,000, or 2%, to $3,150,000, from net sales of $3,226,000 for the thirteen weeks ended March 28, 2020. Sales of our frozen dessert and frozen food products, which consist primarily of frozen dessert products, increased slightly to $430,000 in the thirteen weeks ended April 3, 2021 from $412,000 for the thirteen weeks ended March 28, 2020. Sales of our vegan cheese products decreased to $2,720,000 in the 2021 period from $2,814,000 in the 2021 period due to a decline in vegan cheese slice product sales resulting from production delays.
  • Our gross profit increased slightly to $1,001,000 in the period ended April 3, 2021 from $996,000 in the period ended March 28, 2020. Our gross profit percentage was 32% for the period ending April 3, 2021 compared to 31% for the period ending March 28, 2020.
  • Freight out expense, a significant part of our cost of sales, decreased by $16,000, or 7%, to $227,000 for the thirteen weeks ended April 3, 2021 compared with $243,000 for the thirteen weeks March 28, 2020. Freight out expense decreased due to the slight decrease in sales. Freight out expense was 7% of sales for the thirteen weeks ended April 3, 2021 compared to 8% of sales for the thirteen weeks ended March 28, 2020. We anticipate that freight out expense will continue at the same percentage of sales over the remainder of 2021.
Content analysis
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Legalese
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8th grade Avg
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