Tofutti Brands (TOF) Swings to Q1 Loss
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Tofutti Announces First Quarter Results
May 18, 2015 5:19 PM EDTCRANFORD, N.J., May 18, 2015 /PRNewswire/ -- TOFUTTI BRANDS INC. (NYSE MKT Symbol: TOF) today announced its results for the thirteen week period ended March 28, 2015.
The Company reported net sales for the thirteen weeks ended March 28, 2015 of $3,143,000, a decrease of $714,000, or 19%, from net sales of $3,857,000 for the thirteen weeks ended March 29, 2014. Â
For the thirteen weeks ended March 28, 2015, the Company reported a loss before income taxes of $372,000 as compared with income before income taxes of $112,000 for the comparable 2014 period. The Company also reported that gross profit decreased to $745,000 in the period ended March 28,... More
