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Tofutti Brands Inc. (TOFB)

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Last Post: 10/21/2016 5:27:39 PM - Followers: 4 - Board type: Free - Posts Today: 0

Office 50 Jackson Drive Cranford, NJ 07016 Contact Phone: 908-272-2400 Fax: 908-272-9492 Web site http://www.tofutti.com Information Sector: Consumer Goods Industry: Dairy Products Full Time Employees: 10 Tofutti Brands, Inc. engages in the development, production, and marketing of nondairy frozen desserts and other food products in the United States and internationally. It offers TOFUTTI brand nondairy soy-based products, including frozen desserts, cakes, cookies and pastries, nondairy cheeses and spreads, other frozen food products, and various dry grocery items. The company's frozen desserts include pints, creamy desserts, frozen sandwiches, stick novelties, no sugar added stick novelties, and bullet-shaped stick novelties. Its nondairy cheese products comprise cream cheese, sour cream, and cheese slices. The company's other food products include pan crust, zesty sauce, frozen crepes, EGG WATCHERS, and cookies. Tofutti sells its products through gourmet shops, supermarkets, natural/health food stores, and supermarket chains. The company was founded in 1981 and is based in Cranford, New Jersey. Officers Mr. David Mintz, 77 Chairman, Chief Exec. Officer and Pres Mr. Steven Kass, 56 Chief Financial Officer, Chief Accounting Officer, Sec. and Treasurer Ownership Shares Outstanding: 5.65M Float: 2.26M % Held by Insiders: 68.81% % Held by Institutions: 4.30% Financial considerations Profit Margin (ttm): 2.38% Operating Margin (ttm): 4.71% Return on Assets (ttm): 9.97% Return on Equity (ttm): 10.36% Revenue (ttm): 18.61M Revenue Per Share (ttm): 3.346 Qtrly Revenue Growth (yoy): -6.70% Gross Profit (ttm): 5.58M EBITDA (ttm): 881.75K Net Income Avl to Common (ttm): 443.00K Diluted EPS (ttm): 0.08 Qtrly Earnings Growth (yoy): -55.70% Total Cash (mrq): 1.04M Total Debt (mrq): 0 Book Value Per Share (mrq): 0.798 Operating Cash Flow (ttm): 852.00K Levered Free Cash Flow (ttm): 1.11M 2007 Results Monday April 14, 4:06 pm ET CRANFORD, N.J., April 14 /PRNewswire-FirstCall/ -- TOFUTTI BRANDS INC. (Amex: TOF - News) issued its results for the fifty-two week period ended December 29, 2007 today. Net sales for the fifty-two weeks ended December 29, 2007 (fiscal 2007) were $19,150,000, a decrease of $315,000, or 2%, from net sales for the fifty-two weeks ended December 30, 2006 (fiscal 2006). The company's efforts to grow its sales in 2007 were negatively impacted by three factors. Tofutti lost a significant amount of business in the second and third quarters of 2007 when the ice cream plant that formerly produced its frozen dessert products shut down unexpectedly at the end of April 2007. The shut down caused inventory shortages of the company's frozen dessert novelties until a new production source was obtained. The company fully restocked its inventory by the middle of the fourth quarter, and the company experienced a growth in fourth quarter revenues compared to the fourth quarter of fiscal 2006. Also impacting sales was the discontinued purchase of one item that generated $400,000 in sales in 2006 by a major customer. Although the sales loss was sizeable, the impact to profitability was not significant since it was not a highly profitable item. Additionally, in view of the new frozen dessert production arrangements, the company discontinued a number of slower moving items whose continued production involved maintaining excess inventory in relationship to the sales level that these items generated. The company's gross profit in fiscal 2007 decreased by $58,000, or 1%, due primarily to the decrease in sales while its gross profit percentage remained constant at 29% for fiscal 2007 and fiscal 2006. The gross profit percentage continues to be adversely affected by increased freight expenses due to the high continued high cost of petroleum, and the company expects ingredient costs for certain key items and packaging costs to continue at their current high levels. The company initiated a series of price increases that will become effective in the first and second quarters of 2008, which it believes will help it maintain, or improve, its current gross profit percentage. For fiscal 2007, the company reported a decrease in income before income taxes of $330,000 to $799,000 from $1,129,000 in fiscal 2006. Net income for fiscal 2007 decreased to $465,000 ($0.08 per share) compared to $617,000 ($0.11 per share) for fiscal 2006. "Our efforts to grow our sales in fiscal 2007 were frustrated by the closure of our key producer of our frozen dessert products. As a result of a lot of effort, we were able to identify a new producer and to move our production to the new site relatively quickly. As a result of these efforts, we were able to increase sales in the fourth quarter and are now at full production. We are once again concentrating on increasing the sales of our flagship products. We believe that our business plan of concentrating on our core business of non-dairy frozen desserts and soy-cheese products will drive the growth in our sales and operating income," said David Mintz, the Company's Chairman and CEO. "We are optimistic that our business plan will result in improved sales and operating income in fiscal 2008." TOFUTTI BRANDS INC. is principally involved in the development, production and marketing of TOFUTTI brand soy-based, dairy-free frozen desserts, soy-based dairy free cheese products and other soy-based, dairy-free food products. TOFUTTI products are sold in grocery stores, supermarkets, health and convenience stores throughout the United States and in approximately twenty-five other countries. 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-KSB. http://www.sec.gov http://biz.yahoo.com/prnews/080414/nym161.html?.v=97 Share price King Capital Investment Group http://kingcapital.tripod.com
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TOF News: Quarterly Report (10-q) 11/15/2016 04:36:55 PM
TOF News: Current Report Filing (8-k) 11/15/2016 04:19:10 PM
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#23   TOF changed to TOFB. Delisted from the NYSE Renee 10/21/16 05:27:39 PM
#22   Tof looking good here- rsi low, macd nice Kylef 12/04/13 12:20:04 PM
#21   TOF & PIZZA CHAIN RESTAURANTS------TOF plans MOZZARELLA DAIRY-FREE meltup 08/19/13 10:36:18 AM
#20   June meeting and elections will see a surge Yaakov 05/19/13 02:20:47 PM
#19   Bouncing back from Trader Joes pull has been Yaakov 05/16/13 12:48:37 AM
#18   now i gotta make this dish ; u Fibanotch 09/29/12 06:00:38 PM
#17   You go ahead & drive right on down CaptSlap 01/08/12 05:17:42 PM
#16   It could go down 99.9% Capt Slap. Ever AliEn BRaInZ stox 01/06/12 09:21:30 PM
#15   It'll go 1% for 'ya I'm sure CaptSlap 01/02/12 08:25:11 PM
#14   TOF This stock is dead but 5M OS AliEn BRaInZ stox 12/26/11 03:41:44 PM
#13   TOFS . watching closely AliEn BRaInZ stox 12/21/11 03:40:47 PM
#12   Spread is almost 40% AliEn BRaInZ stox 12/15/11 08:55:37 PM
#11   TOFS entering oversold territory again. Trading @ 80 AliEn BRaInZ stox 12/15/11 08:54:33 PM
#10   This i box is horrible. It does the AliEn BRaInZ stox 12/15/11 08:38:52 PM
#9   Yeah it is good stuff. Buy em by AliEn BRaInZ stox 12/15/11 08:37:29 PM
#8   they make Cuties ummm good stuff! MWM 01/07/10 01:03:39 AM
#7   Gwyneth's Ex-Chef Serves Faux Duck at Broadway East: buhg1b 05/02/08 11:00:29 AM
#6   Passover meals are made easier with products now buhg1b 04/29/08 11:45:06 AM
#5   http://en.wikipedia.org/wiki/Tofutti Good read imho. buhg1b 04/20/08 03:15:21 PM
#4   Haha. Everyone loves the ice cream sandwiches. They buhg1b 04/15/08 09:41:56 AM
#3   Yes, their products are very popular and quite buhg1b 04/15/08 09:40:39 AM
#2   Agreed! I love them and I'm not jchawk 04/14/08 08:10:32 PM
#1   Just thought I'd mention that I love their d272 04/14/08 06:40:14 PM
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