TOFUTTI BRANDS INC (TOFB) Tofutti Brands Inc. develops, produces, and markets a variety of plant-based, dairy-free frozen desserts, cheeses, and other food items under its well-known TOFUTTI brand. The company operates globally, with its products available in the United States, Europe, the Middle East, the Asia Pacific region, Africa, and beyond. Its extensive product line features frozen treats such as sandwiches, chocolate-coated crispy cones, and various bars. Additionally, Tofutti offers numerous vegan cheese alternatives, including cream cheese, sour cream, cheese slices, and ricotta substitutes, as well as spreads and frozen dishes like crepes. The company's sales model involves independent food brokers who connect with distributors, and it also sells directly to major retail chains or to warehouse accounts that service these chains. Tofutti Brands, Inc. was established in 1981 and is headquartered in Cranford, New Jersey.
Sector: Ice Cream & Frozen Desserts
Industry: Packaged Foods
Tofutti Brands Inc. OTC:TOFB Consumer Defensive · Packaged Foods
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Analyzing Tofutti Brands (OTCMKTS:TOFB) and Pilgrim’s Pride (NASDAQ:PPC)
defenseworld.net • 2mo ago SEC Filing ● Major ⚠ 3
TOFB: 8-K · material agreement
Tofutti Brands disclosed that its primary co-packer for key products — a facility that produced roughly 80% of its sales for the year ended December 27, 2025 — was slated to close effective July 31, 2026, a risk first learned of in February 2026.
The company has now reached a co-packing manufacturing agreement with the new owner of that same facility and manufacturing business, with the relationship commencing September 15 under the same terms and pricing as it had with the previous owner.
Tofutti believes it holds sufficient inventory to bridge demand until the new arrangement begins, effectively removing a supply disruption that threatened the vast majority of its revenue.
Concentration risk remains notable: the company's key product line is still dependent on a single co-packing relationship with a brand-new counterparty, making the first weeks of the transition worth monitoring.
SEC 8-K • 2mo ago SEC Filing ● Critical ⚠ 7
TOFB: 10-Q · periodic report
Tofutti Brands' fiscal 2026 second-quarter 10-Q discloses substantial doubt about the company's ability to continue as a going concern, with cash of only about $121,000 at June 27, 2026 and roughly $139,000 as of the August 11 filing date. Management says existing cash and expected operating cash flows will not cover obligations due over the next year.
Results deteriorated on both lines: second-quarter net sales fell 12% to $1.79 million and first-half sales fell 8% to $3.35 million, while the first-half net loss widened to $373,000 from $169,000 a year earlier. Gross margin compressed to 28% from 33%, pressured by tariff-driven ingredient costs and higher packaging costs from rising oil prices.
The company also disclosed that its primary co-packer, which produced roughly 80% of 2025 sales, closed its plant effective July 31, 2026, but Tofutti reached a new co-packing agreement with the facility's new owner on the same terms and pricing, commencing September 15, 2026, and believes inventory on hand covers projected sales until then.
Management plans cost cuts and is seeking debt or equity financing while evaluating strategic alternatives including business combinations, asset sales, or other liquidity transactions; it warns financing availability is uncertain. Disclosure controls were deemed not effective due to material weaknesses stemming from the company's small accounting staff.
SEC 10-Q • 2mo ago AI analysis › SEC Filing ● Major ⚠ 5
TOFB: 10-Q · periodic report
Tofutti Brands Inc. (TOFB) reported a net loss of $255,000 for the first quarter of 2026, widening from a $162,000 loss in the prior year period, driven by a decline in gross margin from 37% to 30% due to rising ingredient and packaging costs.
The company disclosed substantial doubt about its ability to continue as a going concern, citing declining revenues, recurring losses, and the impending closure of its primary co-packer facility on July 31, 2026, which produces approximately 80% of its sales.
Cash reserves stood at just $63,000 at the end of the quarter, with operating cash flow negative at $279,000, while management acknowledged material weaknesses in internal controls due to insufficient staffing and resources.
SEC 10-Q • 5mo ago AI analysis › SEC Filing ⚠ 2
TOFB: NT 10-Q · late filing
Tofutti Brands Inc. was unable to file its quarterly report on Form 10-Q for the period ended March 28, 2026 by the May 12, 2026 filing date. The company requires additional time to complete its financial statements and disclosures. Tofutti Brands Inc. anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date.
The company expects a slight increase in net loss compared to the corresponding period in the last fiscal year. This indicates potential financial challenges that may be detailed in the upcoming 10-Q filing.
SEC NT 10-Q • 5mo ago