The vegan company Tofutti Brands Inc. published its first quarterly report of 2018 on May 15th, highlighting the increasing sales of the company’s vegan cheese products.
The latest quarterly report from Tofutti Brands Inc. shows that, among other things, sales of vegan cheese products rose from USD 2.628 million to USD 3.132 million in the first quarter of 2018 due to higher exports (compared to the previous year). Net sales also increased to $3.774 million from $3.283 million in 2017. This translates to a 15 percent increase in sales.
However, due to the unavailability of the “Yours Truly Cones” ice cream product line, the company also suffered losses with regards to its frozen products, which consist mainly of dessert products.
Further figures and more detailed information on Tofutti Brands Inc.’s first quarterly report of 2018 can be found here.