1788 (TOF) research, news, and more from GeoInvesting

Company description

Wed, 19 May 2010 04:00:00 GMT

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.

Research

Wed, 19 May 2010 04:00:00 GMT

We will track the Tofutti Brands story due to the company's move to concentrate on a higher margin product mix. We are not overly excited about past sales trends which have been quite stagnant, but management comments indicate that this trend may reverse.

Comments & Business Outlook

Wed, 19 May 2010 04:00:00 GMT

Mr. David Mintz, Chairman and Chief Executive Officer of the Company stated, "Our improved results in the first quarter of 2010 reflect the general improvement in the economic climate and our decision to drop certain low profit margin products that we sold in the 2009 period. We continue to concentrate on our core business of non-dairy frozen desserts and soy-cheese products and believe this strategy will continue to provide positive results. We look forward to improvements in our sales and operating income during the upcoming summer months."