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Last $4.70 USD
Change Today -0.15 / -3.09%
Volume 1.6K
TOF On Other Exchanges
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

tofutti brands inc (TOF) Snapshot

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52 Week High
11/12/14 - $7.36
52 Week Low
08/22/14 - $3.65
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Current Stock Chart for TOFUTTI BRANDS INC (TOF)

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tofutti brands inc (TOF) Details

Tofutti Brands, Inc. develops, produces, and markets non-dairy frozen desserts and other food products under the TOFUTTI brand in the United States and internationally. The company’s products include frozen desserts, non-dairy soy-based cheeses and spreads, and other frozen food products. Its frozen desserts include frozen sandwiches, chocolate-coated crispy cones, and stick novelties; nondairy soy-based cheese products comprise cream cheese, sour cream, cheese slices, and dairy free ricotta cheese alternatives; and frozen food products consist of pizzas and frozen crepes. The company sells its products through independent unaffiliated food brokers to distributors, as well as directly to retail chain accounts. Tofutti Brands, Inc. was founded in 1981 and is based in Cranford, New Jersey.

11 Employees
Last Reported Date: 05/18/15
Founded in 1981

tofutti brands inc (TOF) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $450.0K
Chief Financial Officer, Treasurer and Secret...
Total Annual Compensation: $125.0K
Compensation as of Fiscal Year 2014.

tofutti brands inc (TOF) Key Developments

Tofutti Brands Inc. Reports Earnings Results for the First Quarter Ended March 28, 2015

Tofutti Brands Inc. reported earnings results for the first quarter ended March 28, 2015. The company reported net sales of $3,143,000, a decrease of $714,000, or 19%, from net sales of $3,857,000 for the thirteen weeks ended March 29, 2014. The company reported a loss before income taxes of $372,000 as compared with income before income taxes of $112,000 for the comparable 2014 period. The company had a net loss for the thirteen weeks ended March 28, 2015 of $377,000, or $0.07 per basic and diluted share, compared to net income of $106,000, or $0.02 per basic and diluted share, for the thirteen weeks ended March 29, 2014.

Tofutti Brands Inc. announced delayed 10-Q filing

On 05/12/2015, Tofutti Brands Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Tofutti Brands Inc. Receives Non-Compliance Notice From NYSE MKT

Tofutti Brands Inc. announced the receipt of a notice indicating that the company does not meet certain of the NYSE MKT LLC’s continued listing standards as set forth in Part 10 of the NYSE MKT Company Guide. The Exchange's notice has no immediate effect on the listing of the company's common stock on the Exchange. The company’s management is reviewing its options to address the deficiency and expects to submit a compliance plan on or before the deadline set by the Exchange. On April 1, 2015, Tofutti received a letter from the NYSE MKT notifying Tofutti that it is not in compliance with Section 1003(a)(ii) of the Company Guide because it reported stockholders’ equity of $2.6 million as of December 27, 2014 and had net losses in three out of its four most recent fiscal years ended December 27, 2014. As a result, Tofutti has become subject to the procedures and requirements of Section 1009 of the Company Guide. In order to maintain its listing on the Exchange, Tofutti must submit a plan of compliance to the NYSE MKT by May 1, 2015 addressing how it intends to regain compliance with Section 1003(a)(ii) of the Company Guide by October 1, 2016. The company intends to submit a Plan in the prescribed form to the Exchange prior by the due date that management anticipates will address the concerns of the Exchange and regain compliance with the Exchange's continued listing standards. Such Plan may include certain financing transactions to address the company's financial requirements. Such financing activities may include equity financings, asset sales, strategic partnerships, or other arrangements, in order to execute its operating plans. If Tofutti does not submit a plan or if the plan is not accepted, delisting proceedings will commence. Furthermore, if the plan is accepted but Tofutti is not in compliance with the continued listing standards by October 1, 2016 for Section 1003(a)(ii) of the Company Guide, or if Tofutti does not make progress consistent with the plan during the applicable plan period, the NYSE MKT will initiate delisting proceedings.


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