Overview
Tofutti Q3 net sales decreased to $1.91 mln from $1.99 mln in 2024
Gross profit for Q3 rises to $519,000
Company reports reduced net loss of $137,000 for Q3
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
VEGAN CHEESE COMPETITION - Increased competition in vegan cheese category led to decreased sales
PRICE INCREASES - Gross profit increase attributed to significant price hikes at end of 2024
FROZEN DESSERT SALES DECLINE - Sales of frozen desserts decreased, contributing to overall revenue decline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | $1.91 mln | ||
Q3 Net Income | -$137,000 | ||
Q3 Gross Profit | $519,000 | ||
Q3 Operating Income | -$133,000 | ||
Q3 Pretax Profit | -$133,000 |
Press Release: ID:nGNX6ftdXY
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)