TOFUTTI Announces First Quarter Results( CRANFORD N.J. May 13 /- TOFUTTI B...),Health

CRANFORD, N.J., May 13 /PRNewswire-FirstCall/ -- TOFUTTI BRANDS INC. (Amex: TOF) today announced its results for the thirteen week period ended March 29, 2008.

Net sales for the thirteen weeks ended March 29, 2008 decreased 4% to $4.65 million compared with net sales of $4.85 million for the thirteen weeks ended March 31, 2007 due to the discontinuance of certain low profit margin products in the 2008 period that were available for sale in the 2007 period.

For the thirteen weeks ended March 29, 2008, the Company reported an increase in income before income taxes to $343,000 as compared with income before income taxes of $224,000 for the comparable 2007 period. The Company's operating results continued to be negatively impacted during the thirteen week period ended March 29, 2008 as a result of new product start-up costs, including costs incurred at new co-packaging locations, increased marketing expenses and higher packaging and freight charges. The Company expects that these same factors will continue to affect operating expenses during the remainder of 2008.

Net income for the thirteen weeks ended March 29, 2008 increased to $204,000 ($0.04 per share) compared to $128,000 ($0.02 per share) for the thirteen week period ended March 31, 2007. Net income for the first quarter of 2008 is greater than that of the 2007 first quarter due to a $285,000 decrease in stock compensation expense. In the thirteen weeks ended March 31, 2007, the Company incurred stock compensation expense of approximately $288,000 arising from the purchase 175,000 stock options from an officer.

Mr. David Mintz, Chairman and Chief Executive Officer of the Company stated, "Our results in the first quarter of 2008 were masked to a degree by our
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