Tofutti Brands (OTCMKTS:TOFB) Issues Earnings Results

Tofutti Brands (OTCMKTS:TOFB) announced its quarterly earnings data on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, Zacks reports. Tofutti Brands had a negative net margin of 10.01% and a negative return on equity of 29.56%.

Tofutti Brands Price Performance

Shares of TOFB stock traded up $0.00 on Monday, hitting $0.62. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 1,447. Tofutti Brands has a 12 month low of $0.55 and a 12 month high of $0.85. The stock has a market cap of $3.21 million, a P/E ratio of -4.14 and a beta of 0.84. The company has a 50 day moving average of $0.72 and a 200 day moving average of $0.72.

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.