Toffuti Brands Inc. (TOF), a soy-based food products maker, Thursday reported a decline in profit for fiscal year 2011, due mainly to lower revenues.
Toffuti's net income for the fiscal year 2011 decreased to $43 thousand or $0.01 per share compared to $462 thousand or $0.09 per share last year.
Net revenue for the period totaled $15.93 million, down 10 percent from $17.71 million last year. The decline in sales was primarily due to lower business with Trader Joe's, formerly the company's largest customer, who decided to cease selling branded goods, subsequently bringing down the company's revenue by $2.0 million from last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.