TOFUTTI Announces 2007 Results(y affected by increased freight expenses...),Health

Date:4/14/2008

y 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 a
'/>"/>

SOURCE TOFUTTI BRANDS INC. Copyright©2008 PR Newswire. All rights reserved

1 GOOD

Page: 1 2 3 4 5
Related medicine news :

1. Pharmacyclics Announces Conference Call to Discuss Third Quarter 2008 Financial Results
2. Cogdell Spencer Inc. Announces First Quarter Earnings Release and Conference Call Notice
3. CCA Industries, Inc. Announces First Quarter Results
4. Weight Watchers Announces First Quarter 2008 Earnings Conference Call
5. PharmMD Announces Denise Kehoe as Vice President of Business Development
6. Allegro Diagnostics Announces Publication in Cancer Prevention Research of Prediction Model for Lung Cancer Diagnosis Integrating Clinical and Genomic Features
7. Fuwei Films Announces Fourth Quarter and Full Year 2007 Financial Results
8. BioMed Realty Trust Announces 90,000 Square Foot Lease at Pacific Research Center
9. Extrel CMS Announces ATEX Approval for Process Mass Spectrometer
10. Beckman Coulter Announces First Quarter 2008 Earnings to be Released on Wednesday, April 30, 2008, Before Market Opens
11. Schering-Plough Announces Expanded Stock Retention Guidelines for Senior Management