Like our dairy-free Better Than Cream Cheese, Sour Supreme, and Ricotta Cheese, that can add a tasty soy-enriched lift to your recipes. The company offers non dairy soy based products includes frozen desserts, nondairy cheeses and spreads, other frozen food products and various dry grocery products to gourmet shops, kosher supermarkets, natural/health food stores and national and regional supermarket chains.
Sales for the year declined to just over $4 million, but earnings of $56,000 gave the company its first annual profit in seven years.Because Mintz's customers were largely Jewish, his kitchens served kosher food. In addition to those who kept kosher, it also appealed to strict "vegan" vegetarians, persons who were lactose intolerant and could not digest milk, and those who wished to avoid the saturated fat and cholesterol with which ice cream is laden. It had become popular after he staffed his kitchen with elderly women who excelled at creating delicacies like noodle pudding, stuffed cabbage, and rugalach, and he later opened a second location in Manhattan to provide dishes for 20 restaurants and 12 catering halls.The public response was favorable, and Tofutti soon became a popular treat with people who wanted to avoid dairy products.
Tofutti, which sold for about the same price as premium ice cream, was now offered in a wide range of flavors. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Mintz got complaints, however, and eventually added tofu to the recipe, though it still contained a sizable amount of isolated soy protein.In 2002, growth continued, though higher raw material, freight, and packaging costs, as well as "slotting fees" paid to supermarkets to insure product display, cut into earnings. After reading an article about the nutritional benefits of tofu, the protein-rich food made from coagulated soybean milk that was found in Asian cooking, he began to experiment with it starting in the late 1970s.
In 1986, Haagen Dazs ended its distribution of Tofutti, leaving the firm scrambling to get its products into stores. By now, as many as 30 different competitors had arisen, including Ice Bean, which had actually been marketed since the late 1970s, Tofu Dream, Tofree, and Gloria Vanderbilt's Glace. Reliance Global Group, Inc., Tofutti Brands, Inc., WellGen, Inc. Joseph N. Himy, 49 Independent Director: Tofutti Brands, Inc. Neal S. Axelrod, 66 Independent Director: Tofutti Brands, Inc. The company's stock price was also rising, and rebounded to nearly $3.50 per share by the spring of 2004.In 1989, the company added a new product line, Egg Watchers, which were cholesterol-free egg replacement products made from processed egg whites.
The company's stock was subsequently moved to the American Stock Exchange. The World Of Tofutti!
Tofutti's products are developed by the company at its own labs but they do no manufacturing of their own. Fiscal 1986 sales declined to $11.6 million, and the firm reported a loss of $658,000.Mullin's first move was to reorganize the firm into four units: domestic sales, foreign sales, licensing, and franchised stores.To help expand operations, Tofu Time made a public offering of 500,000 shares of stock in December 1983. The new location was closer to the dairies that were contracted out to produce its products and also near Haagen Dazs.
The company also added a low-fat yogurt substitute called Better Than Yogurt in a variety of flavors, a sour cream substitute called Sour Supreme, and contracted with Papetti's Hygrade Egg Products, Inc. to produce and distribute its Egg Watchers line.Though the company fought to stay on top with such measures as forcing one competitor to change a too-similar package design, sales began to fall off. Sales for the year topped $17.5 million, and earnings approached $940,000. He soon found ways to use it in cookies, cakes, tuna casserole, and even beef stroganoff, where it stood in for sour cream.The ice cream-like frozen dessert called Tofutti was invented by David Mintz, a caterer in Brooklyn, New York.
Instead, the company contracts with co-packers to furnish its products.
It offered 16 flavors of Tofutti and a variety of baked goods such as imitation cheesecake, which the firm had begun distributing in the New York City area. Tofutti Brands Inc. is a US company based in New Jersey that makes a range of soy-based, dairy-free foods under the "Tofutti" brand.
More than half of the publicly traded company's stock is owned by founder and CEO David Mintz.In 1988, another cross-promotion was launched with Diet Coke and Lean Cuisine, and Tofutti established a toll-free nutrition hot line, which customers could call with questions about cholesterol, lactose, and the company's products.
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