Tofutti Brands returned to profitability in 2016, with rising sales a factor, the US dairy-free firm has reported.
US dairy-free business Tofutti Brands has booked a dip in sales in the third quarter but an improvement in its profitability, mirroring trends seen in the second quarter.
US dairy-free business Tofutti Brands has appointed advisers to look at "strategic alternatives" for the business, including a possible sale.
Tofutti Brands, the US dairy-free company, today (16 August) booked an improvement in first-half profitability, although it reported a decline in sales in the second quarter.
Dairy-free food maker Tofutti Brands reported a 4% decrease in net sales and a decline in profitability for 2015.
Losses at Tofutti Brands have increased for the first nine months of the year.
This week's results included an upbeat US snack group Snyder's-Lance reporting higher second-quarter sales and profits, improved half-year revenue and earnings at seafood giant Thai Union and declines at an acquisitive SunOpta.
Tofutti Brands has indicated that its chairman and president David Mintz will return to his duties, having undergone a “successful” surgical procedure.
US frozen dairy-free food firm Tofutti Brands saw sales fall in 2014 but its bottom line was helped by price increases and a "more favourable product sales mix".
Weakness in frozen food sales has led to Tofutti Brands posting a loss of US$248,000 for the first nine months of the year.
US dairy-free products supplier Tofutti Brands has reported a half-year loss after a fall in the sales of frozen lines hit the business in the second quarter.
Shares in Tofutti Brands closed up over 5% after the US dairy-free group reported a profit for the first quarter of 2014.
US dairy-free group Tofutti Brands has said it is "cautiously optimistic" about its prospects this year after a mixed 2013, when sales rose but margins fell and losses widen.
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