EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

November 11, 2025

 

Tofutti Press Release

 

Company Contact: Steve Kass
  Chief Executive and Financial Officer
  (908) 272-2400
  (908) 272-9492 (Fax)

 

TOFUTTI ANNOUNCES RESULTS FOR THE THIRTEEN AND THIRTY-NINE WEEKS ENDED SEPTEMBER 27, 2025

 

Edison, New Jersey — November 11, 2025 — TOFUTTI BRANDS INC. (OTCQB Symbol: TOFB) issued its results for the thirteen and thirty-nine weeks ended September 27, 2025 today.

 

Tofutti Brands reported net sales of $1,907,000 for the thirteen weeks ended September 27, 2025 compared to net sales of $1,986,000 for the thirteen weeks ended September 28, 2024. Sales of our vegan cheese products decreased slightly to $1,632,000 in the thirteen weeks ended September 27, 2025 from $1,648,000 in the thirteen weeks ended September 28, 2024. Sales of our frozen dessert products decreased to $275,000 in the 2025 period from $338,000 in 2024.

 

Our gross profit increased to $519,000 for the thirteen weeks ended September 27, 2025 from $485,000 for the thirteen weeks ended September 28, 2024, due primarily due to the reduction of sales from the prior year period. Our gross profit percentage also increased in the 2025 period to 27%, up from 25% in the 2024 period.

 

Net sales for the thirty-nine weeks ended September 27, 2025 were $5,527,000, a decrease of $954,000, or 15%, from net sales of $6,481,000 for the thirty-nine weeks ended September 27, 2024. Sales of our vegan cheese products decreased to $4,713,000 in the thirty-nine weeks ended September 27, 2025 from $5,383,00 in the thirty-nine weeks ended September 28, 2024, due to increased competition in the vegan cheese category. Sales of our frozen dessert products decreased to $814,000 in the thirty-nine weeks ended September 27, 2025 from $1,098,000 for the thirty-nine weeks ended September 28, 2024.

 

Our gross profit increased to $1,726,000 for the thirty-nine weeks ended September 27, 2025 by $105,000 from $1,621,000 for the thirty-nine weeks ended September 28, 2024, due principally to significant price increases we implemented at the end of 2024. Our gross profit percentage was 31% for the thirty-nine weeks ended September 27, 2025 compared to 25% for the thirty-nine weeks ended September 28, 2024.

 

The Company reported a net loss of $(137,000) or $(0.03) per share, for the thirteen weeks ended September 27, 2025, compared to a net loss of $(207,000) or $(0.04) per share, for the thirteen weeks ended September 28, 2024. For the thirty-nine weeks ended September 27, 2025 and September 28, 2024, the Company reported net losses of $(306,000) or $(0.06) per share and $(542,000), or $(0.11) per share, respectively.

 

As of September 27, 2025, we had approximately $630,000 in cash and our working capital was approximately $2,598,000, compared with approximately $462,000 in cash and working capital of $2,893,000 at December 30, 2024. We principally operate our business on the cash flows from our operations and currently have no borrowings.

 

About Tofutti Brands Inc. Founded in 1981, Tofutti Brands Inc. develops and distributes a complete line of plant-based products. The Company sells more than twenty-five (25) dairy-free foods including cheese products and frozen desserts. Tofutti Brands Inc. is a proven innovator in the food industry and has developed a full line of delicious and healthy dairy-free foods. Available throughout the United States and in twelve (12) foreign countries, Tofutti Brands answers the call of millions of people who are allergic or intolerant to dairy or wish to maintain a kosher or vegan diet. Tofutti’s product line includes plant-based ice cream pints, cones, Tofutti Cutie® sandwiches and novelty products.

 

Forward-Looking Statements. Some of the statements in this press release concerning the Company’s future prospects are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Actual results may vary significantly based upon a number of factors including, but not limited to business conditions both domestic and international, competition, changes in product mix or distribution channels, resource constraints encountered in promoting and developing new products and other risk factors detailed in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K.

 

 

 

TOFUTTI BRANDS, INC.

Unaudited Condensed Statements of Operations

(in thousands, except per share figures)

 

   Thirteen
weeks ended
September 27, 2025		   Thirteen
weeks ended
September 28, 2024		   Thirty-nine
weeks ended
September 27, 2025		   Thirty-nine
weeks ended
September 28, 2024		 
                 
Net sales  $1,907   $1,986   $5,527   $6,481 
Cost of sales   1,388    1,501    3,801    4,860 
Gross profit   519    485    1,726    1,621 
                     
Operating expenses:                    
Selling and warehouse   217    207    622    671 
Marketing   95    83    305    297 
Research and development   31    28    113    92 
General and administrative   309    374    979    1097 
    652    692    2,019    2,157 
                     
Loss from operations   (133)   (207)   (293)   (536)
                     
Loss before interest expense and income taxes   (133)   (207)   (293)   (536)
Interest expense   —    —    1    1 
Loss before income tax expense   (133)   (207)   (294)   (537)
Income tax expense   4    —    12    5 
                     
Net loss  $(137)  $(207)  $(306)  $(542)
                     
Weighted average common shares outstanding:                    
Basic   5,154    5,154    5,154    5,154 
Diluted   5,154    5,154    5,154    5,154 
                     
Loss per common share:                    
Basic  $(0.03)  $(0.04)  $(0.06)  $(0.11)
Diluted  $(0.03)  $(0.04)  $(0.06)  $(0.11)

 

See accompanying notes to unaudited condensed financial statements.

 

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TOFUTTI BRANDS INC.

Condensed Balance Sheets

(in thousands, except share and per share figures)

 

  

(Unaudited)

September 27, 2025

   December 28, 2024 
Assets          
Current assets:          
Cash  $630   $462 
Accounts receivable, net of allowance for credit losses and sales promotions of $340 and $389.   787    989 
Inventories   2,231    1,879 
Prepaid expenses and other current assets   93    111 
Total current   3,741    3,441 
           
Operating lease right-of-use assets   291    340 
Finance lease right-of-use asset   9    21 
Other assets   21    21 
Total assets  $4,062   $3,823 
           
Liabilities and Stockholders’ Equity          
Current liabilities:          
Accounts payable  $649   $257 
Accrued expenses   416    211 
Operating lease liability, current portion   68    64 
Finance lease liability, current portion   10    16 
Total current liabilities   1,143    548 
           
Operating lease liabilities, net of current portion   239    283 
Finance lease liability, net of current portion   —    6 
Total liabilities   1,382    837 
           
Stockholders’ equity:          
Preferred stock - par value $.01 per share; authorized 100,000 shares, none issued and outstanding   —    - 
Common stock - par value $.01 per share; authorized 15,000,000 shares, 5,153,706 shares issued and outstanding   52    52 
Additional paid-in capital   377    377 
Retained earnings   2,251    2,557 
Total stockholders’ equity   2,680    2,986 
Total liabilities and stockholders’ equity  $4,062   $3,823 

 

See accompanying notes to unaudited condensed financial statements.

 

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