US-based dairy-free product specialist Tofutti Brands has seen its sales dip by 5% in the first half of this year.
Its newly-released results reveal net sales for the 26 week period ended 1 July this year were US$6.9m, compared to net sales of US$7.3m for the 26-week period ended July 2, 2016.
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Tofutti’s net income for the half year was US$97,000, compared to US$324,000 a year earlier.
However, it had a better second quarter. Net sales were US$3.6m, an increase of 3% year-on-year
The company’s gross profit and gross profit percentage were $2.2m and 32%, respectively, compared to US$2.4m and 33%, respectively, for a year earlier.
David Mintz, chairman and CEO, said: “We continue to believe that we on the right track to produce consistent profitable operations in the future.”
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By GlobalDataTofutti, meanwhile, revealed it had dispensed with the services of the advisory firm that was helping it to look at strategic options.
Founded in 1981, Tofutti develops and distributes dairy-free products. The company sells more than 50 milk-free foods including frozen desserts, cheese products and prepared frozen dishes.
