Tofutti Brands (OTCMKTS:TOFB) Announces Earnings Results

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

Tofutti Brands Trading Down 1.3%

Shares of OTCMKTS TOFB opened at $0.49 on Wednesday. The stock has a market cap of $2.52 million, a price-to-earnings ratio of -2.87 and a beta of 0.77. The stock’s 50-day moving average is $0.65 and its 200 day moving average is $0.69. Tofutti Brands has a 1-year low of $0.42 and a 1-year high of $0.85.

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.