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/Mis Actual Consensu

s s

Estimate

Q3 Sales $1.91

mln

Q3 Net -$137,00

Income 0

Q3 Gross $519,000

Profit

Q3 -$133,00

Operatin 0

g Income

Q3 -$133,00

Pretax 0

Profit

Press Release:

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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.)