U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

 X       Quarterly  report under Section 13 or 15(d) of the Securities Exchange
---      Act of 1934 for the quarterly  period ended March 31, 2001


         Transition report under Section 13 or 15(d) of the Exchange Act for the
---      transition period from
         ____  to  ___

Commission file number:  1-9009


                               Tofutti Brands Inc.
--------------------------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

                   Delaware                               13-3094658
         ---------------------------                 ---------------------
         (State of Incorporation)                      (I.R.S. Employer
                                                      Identification No.)


                  50 Jackson Drive, Cranford, New Jersey 07016
                  --------------------------------------------
                    (Address of Principal Executive Offices)

                                 (908) 272-2400
                                 --------------
                (Issuer's Telephone Number, Including Area Code)

                  ---------------------------------------------
              (Former Name, Former Address and Former Fiscal Year,
                          if Changed Since Last Report)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

Yes  X  No
    ---    ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     As of May 14, 2001 the Issuer had  6,354,567  shares of Common  Stock,  par
value $.01, outstanding.

     Transitional Small Business Disclosure Format (check one):

                                  Yes     No  X
                                      ---    ---


<PAGE>




                               TOFUTTI BRANDS INC.

                                      INDEX


                                                                            Page
                                                                            ----

Part I - Financial Information:

Item 1.  Condensed Balance Sheets - March 31, 2001
              (Unaudited) and December 30, 2000 (Audited)                      3

            Condensed Statements of Income -
              (Unaudited) - Thirteen Week Periods ended March 31, 2001
              and April 1, 2000                                                4

            Condensed Statements of Cash Flows -
              (Unaudited) - Thirteen Week Periods ended
              March 31, 2001 and April 1, 2000                                 5

            Notes to Condensed Financial Statements -
              (Unaudited)                                                    6-8

Item 2.  Management's Discussion and Analysis of
            Financial Condition and Results of  Operations                  9-11


Part II - Other Information:

Item 4.  Submission of Matters to a Vote of Shareholders                      12

Item 6.  Exhibits and Reports on Form 8-K                                     12

                  Signatures                                                  13


                                       2

<PAGE>


                               TOFUTTI BRANDS INC.
                            Condensed Balance Sheets
                                 (000's omitted)
<TABLE>
<CAPTION>
                                                                   March 31,                December 30,
                                                                     2001                      2000
                                                                  (Unaudited)                (Audited)
                                                                  -----------                ---------
<S>                                                                 <C>                       <C>
Assets
Current assets:
  Cash and equivalents                                              $1,458                    $2,211
  Short-term investments                                               218                       269
  Accounts receivable (net of allowance for
   doubtful accounts of $287 and $270, respectively)                 1,467                       876
  Inventories                                                        1,146                       908
  Prepaid expenses                                                       2                         9
  Deferred income taxes                                                268                       359
                                                                      ----                       ---
        Total current assets                                         4,559                     4,632
                                                                     -----                     -----

Other assets                                                           181                       181
                                                                      ----                       ---

        Total assets                                                $4,740                    $4,813
                                                                    ======                    ======

Liabilities and Stockholders' Equity

Current liabilities:
  Note payable                                                         $ 2                       $ 8
  Accounts payable and accrued expenses                                397                       146
  Accrued compensation                                                  --                       375
  Income taxes payable                                                 251                       331
                                                                      ----                       ---
        Total current liabilities                                      650                       860

Commitments and contingencies                                           --                        --

Stockholders' equity:
  Preferred stock                                                       --                        --
  Common stock                                                          64                        64
  Less:  Treasury stock, at cost                                      (356)                     (247)
  Additional paid-in capital                                         3,763                     3,763
  Accumulated earnings                                                 619                       373
                                                                      ----                       ---
        Total stockholders' equity                                   4,090                     3,953
                                                                     -----                     -----
        Total liabilities and stockholders' equity                  $4,740                    $4,813
                                                                    ======                    ======

</TABLE>


            See accompanying notes to condensed financial statements.



                                       3

<PAGE>



                              TOFUTTI BRANDS, INC.
                         Condensed Statements of Income
                                   (Unaudited)
                                 (000's omitted)

                                                Thirteen              Thirteen
                                                 weeks                 weeks
                                                 ended                 ended
                                             March 31, 2001        April 1, 2000
                                             --------------        -------------

Net sales                                       $3,418                $3,025
Cost of sales                                    2,132                 1,929
                                                 -----                 -----
     Gross profit                                1,286                 1,096
                                                 -----                 -----

Operating expenses:
  Selling                                          392                   315
  Marketing                                         90                    44
  Research and development                         127                    99
  General and administrative                       298                   266
                                                   ---                   ---
                                                   907                   724
                                                   ---                   ---

Operating income                                   379                   372

Interest income                                     29                    15
                                                  ----                  ----
Income before income taxes                         408                   387

Income taxes                                       161                   157
                                                   ---                   ---

Net income                                        $247                  $230
                                                  ====                  ====

Weighted average number of
 shares outstanding:

  Basic                                          6,218                 6,300
                                                 =====                 =====
  Diluted                                        7,405                 7,803
                                                 =====                 =====

Net income per share:

  Basic                                           $.04                  $.04
                                                  ====                  ====
  Diluted                                         $.03                  $.03
                                                  ====                  ====


            See accompanying notes to condensed financial statements.


                                       4


<PAGE>


                               TOFUTTI BRANDS INC.
                       Condensed Statements of Cash Flows
                                   (Unaudited)
                                 (000's omitted)


<TABLE>
<CAPTION>
                                                         Thirteen             Thirteen
                                                           weeks                weeks
                                                           ended                ended
                                                       March 31, 2001        April 1, 2000
                                                       --------------        -------------

<S>                                                      <C>                    <C>
Cash flows from operating activities, net                 $(638)                $   15

Cash flows from investing activities                         --                     --

Cash flows from financing activities, net                  (115)                    44
                                                           ----                     --
     Net change in cash                                    (753)                    59

Cash and equivalents at beginning of period               2,211                  1,693
                                                          -----                  -----

Cash and equivalents at end of period                    $1,458                 $1,752
                                                         ======                 ======

Supplemental disclosures of cash flow
  information:
     Cash paid during the period for:
           Interest                                        $ --                   $  2
                                                           ====                   ====
           Taxes                                           $150                   $ 44
                                                           ====                   ====





</TABLE>










            See accompanying notes to condensed financial statements.


                                       5

<PAGE>


                               TOFUTTI BRANDS INC.
                     Notes to Condensed Financial Statements
                                   (Unaudited)
                                 (000's omitted)


Note 1:  Description of Business

          Tofutti  Brands Inc.  ("Tofutti"  or the  "Company") is engaged in one
          business  segment,  the  development,   production  and  marketing  of
          non-dairy frozen desserts and other food products.

Note 2:  Basis of Presentation

          The  accompanying  financial  information  is  unaudited,  but, in the
          opinion of management,  reflects all  adjustments  (which include only
          normally  recurring  adjustments)  necessary  to  present  fairly  the
          Company's financial position, operating results and cash flows for the
          periods  presented.   Certain  information  and  footnote  disclosures
          normally included in financial  statements prepared in accordance with
          generally  accepted  accounting  principles  have  been  condensed  or
          omitted  pursuant to the rules and  regulations  of the Securities and
          Exchange  Commission.  The  financial  information  should  be read in
          conjunction  with the audited  financial  statements and notes thereto
          for the year ended December 30, 2000 included in the Company's  Annual
          Report  on  Form  10-KSB  filed  with  the   Securities  and  Exchange
          Commission.  The results of  operations  for the thirteen  week period
          ended March 31, 2001 are not necessarily  indicative of the results to
          be expected for the full year.

          The  Company  operates  on a fiscal  year which  ends on the  Saturday
          closest to December 31st.

Note 3:  Inventories

          The composition of inventories is as follows:

                                                      March 31,    December 30,
                                                        2001           2000
                                                        ----           ----

                    Finished products                    $774          $658
                    Raw materials and packaging           372           250
                                                       ------          ----
                                                       $1,146          $900
                                                       ======          ====






                                       6


<PAGE>


                               TOFUTTI BRANDS INC.
               Notes to Condensed Financial Statements (continued)
                                   (Unaudited)
                                 (000's omitted)


Note 4:  Income Taxes

          Income taxes are accounted  for under the asset and liability  method.
          Deferred tax assets and  liabilities are recognized for the future tax
          consequences   attributable  to  differences   between  the  financial
          statement  carrying  amounts of existing  assets and  liabilities  and
          their  respective  tax bases and  operating  loss and tax credit carry
          forwards.  Deferred  tax assets and  liabilities  are  measured  using
          enacted tax rates  expected to apply to taxable income in the years in
          which those  temporary  differences  are  expected to be  recovered or
          settled. The effect on deferred tax assets and liabilities of a change
          in tax rates is  recognized  in income in the period that includes the
          enactment date.


Note 5:  Market Risk

          We invest our excess cash in bank certificates of deposit,  high rated
          money market funds and repurchase agreements.  The bank certificate of
          deposits  are usually for a term of not more than six months and never
          for more than $100 per account.


Note 6: Earnings Per Share

          Basic earnings per common share is computed using the weighted average
          number of shares  outstanding.  Diluted  earnings  per common share is
          computed  using the  weighted  average  number  of shares  outstanding
          adjusted for the incremental shares attributed to stock options.











                                       7


<PAGE>


                               TOFUTTI BRANDS INC.
               Notes to Condensed Financial Statements (continued)
                                   (Unaudited)
                                 (000's omitted)


     The  following  table  sets  forth the  computation  of basic  and  diluted
earnings per share:


<TABLE>
<CAPTION>
                                                    Thirteen Weeks            Thirteen Weeks
                                                         Ended                    Ended
                                                    March 31, 2001            April 1, 2000
                                                    --------------            -------------
<S>                                                      <C>                      <C>
Numerator
  Net income-basic................................        $247                     $230
                                                          ====                     ====
  Net income-diluted..............................        $247                     $230
                                                          ====                     ====

Denominator
  Denominator for basic earnings per share
     Weighted average shares .....................       6,218                    6,300
                                                         -----                    -----
  Effect of dilutive securities
     Stock options................................       1,187                    1,503
                                                         -----                    -----
  Denominator for diluted earnings per share......       7,405                    7,803
                                                         -----                    -----

  Earnings per share
    Basic.........................................       $0.04                    $0.04
                                                         =====                    =====
    Diluted.......................................       $0.03                    $0.03
                                                         =====                    =====

</TABLE>


                                       8


<PAGE>



                               TOFUTTI BRANDS INC.

                Management's Discussion and Analysis of Financial
                       Condition and Results of Operations

The following is  management's  discussion  and analysis of certain  significant
factors which have affected our financial  position and operating results during
the periods included in the accompanying financial statements.

The discussion and analysis which follows in this Quarterly  Report and in other
reports  and  documents  and  in  oral  statements  made  on our  behalf  by our
management  and others may  contain  trend  analysis  and other  forward-looking
statements  within the meaning of Section 21E of the Securities  Exchange Act of
1934 which reflect our current views with respect to future events and financial
results.  These include statements regarding our earnings,  projected growth and
forecasts,  and  similar  matters  which  are not  historical  facts.  We remind
stockholders  that   forward-looking   statements  are  merely  predictions  and
therefore are inherently  subject to uncertainties and other factors which could
cause the  actual  future  events or  results  to differ  materially  from those
described  in the  forward-looking  statements.  These  uncertainties  and other
factors include, among other things,  business conditions and growth in the food
industry and general  economies,  both  domestic and  international;  lower than
expected  customer  orders;  competitive  factors;  changes  in  product  mix or
distribution  channels;  and resource constraints  encountered in developing new
products. The forward-looking  statements contained in this Quarterly Report and
made  elsewhere  by or on our  behalf  should  be  considered  in light of these
factors.

We have attempted to identify  additional  significant  uncertainties  and other
factors  affecting   forward-looking   statements  in  Exhibit  99  ("Additional
Information Regarding Forward-Looking  Statements") filed with our Annual Report
on Form 10-KSB for the fiscal year ended December 30, 2000 and  incorporated  by
reference to this  Quarterly  Report.  We will  provide  copies of Exhibit 99 to
stockholders  free of charge upon receipt of a written request  submitted to our
Secretary c/o Tofutti Brands Inc., 50 Jackson Drive, Cranford, New Jersey 07016.
Stockholders  may also obtain copies of Exhibit 99 for a nominal charge from the
Public Reference Section of the Securities and Exchange  Commission at 450 Fifth
Street,  N.W.,   Washington,   D.C.  20549  or  at  the  Commission's   website:
http://www.sec.gov.

Results of Operations

Thirteen Weeks Ended March 31, 2001 Compared with
Thirteen Weeks Ended April 1, 2000
--------------------------------------------------------------------------------

Net  sales for the  thirteen  weeks  ended  March 31,  2001 were  $3,418,000  an
increase of $393,000 or 13% from the sales level realized for the thirteen weeks
ended April 1, 2000. In the thirteen  weeks ended March 31, 2001,  sales of hard
pack  Tofutti  increased  by $51,000,  while food  products  sales  increased by
$342,000.  As a result of the increase in sales, our gross profit in the current
period


                                       9


<PAGE>



increased by $190,000.  Our gross profit  percentage  increased  from 36% in the
2000 period to 38% for the current period.

We  anticipate  a  continuing  increase  in sales for the balance of the current
fiscal year due to the  introduction of new products and expanded  distribution.
Such increase is dependent upon market  acceptance of these products,  for which
no assurance  can be given.  In addition,  we are making a major  commitment  to
obtain additional shelf space for our products in large chain supermarkets. This
will require us to increase spending for additional  introductory allowances for
the  placement of these  products.  These costs will have a continuing  negative
impact on our gross  profit  percentage  as we expense  these  costs as incurred
against  sales  and  not  over  the  expected  life  of  these   authorizations.
Additionally,  our cost of sales  during the quarter was  adversely  impacted by
significant industry-wide price increases in paper and plastic packaging,  which
increased  our cost of goods sold.  We expect the cost of packaging to remain at
its current high level for the foreseeable future.

Selling  expenses  increased  24% to  $392,000  for the current  fiscal  quarter
compared with $315,000 for the comparable  period in 2000. This increase was due
primarily to higher outside warehouse rental, freight, commission and trade show
expenses  associated with the higher sales level in 2001.  Freight expenses were
particularly  impacted by the recent  surge in fuel  prices,  which  resulted in
freight  carriers  adding fuel  surcharges  to their bills.  Marketing and sales
promotion  increased  105% to  $90,000 in 2001  compared  to $44,000 in 2000 due
primarily  to an  increase  in  spending  for artwork and plates for new product
package  design  and for  coupon  expense,  due to an  increased  rate of coupon
redemption.

Research and development  costs,  which consist  principally of salary expenses,
increased to $127,000 for the  thirteen  weeks ended March 31, 2001  compared to
$99,000 for the comparable period in 2000. This increase was mainly attributable
to increased  costs for payroll,  lab  supplies,  equipment  repairs and outside
professional fees related to additional Kosher supervision costs.

General  and  administrative  expenses  increased  to  $298,000  for the current
quarter  compared with $266,000 for the comparable  period in 2000 due primarily
to an increase in salary and related  payroll tax and fringe  benefit  expenses,
professional fees and outside services.

Interest  income was  $29,000 for the current  fiscal  quarter as compared  with
$15,000  for  the  comparable   period  in  2000.  The  increase  was  primarily
attributable  to the  higher  level of funds  available  for  investment  in the
current period.

Liquidity and Capital Resources

At March 31, 2001, our working capital was  $3,909,000,  an increase of $137,000
from  December  30,  2000.  At the end of the  thirteen  week  period,  accounts
receivable  increased by $591,000 from December 30, 2000 due to the higher sales
level in the first  quarter of 2001 as  compared  to the first  quarter of 2000.
Inventories increased by $238,000,  reflecting the additional inventory required
to  support  our  higher  level  of sales  and new  products.  Prepaid  expenses
decreased slightly by $7,000 to



                                       10



<PAGE>



$2,000 at March 31, 2001. Current deferred income taxes decreased $91,000 due to
the  utilization of assets in the current  period.  At March 31, 2001,  accounts
payable and accrued liability  increased by $251,000 to $397,000  reflecting the
higher level of expenditures  associated with the sales and inventory  increases
during the first quarter of 2001. Income taxes payable decreased $80,000,  which
reflects a $147,000  payment towards prior year liability and the current period
tax provision of $67,000.

Our Board of Directors  authorized a buy-back of 250,000  shares of common stock
in the fourth  quarter of 2000.  As of March 31, 2001,  176,800  shares had been
repurchased.  We expect  the Board will  reassess  the  buy-back  program in the
second  quarter of this year to  determine  whether it will be  continued in the
future.

We do not presently have any material  capital  commitments  and  contemplate no
material capital expenditures in the foreseeable future. We believe that we will
be able to fund our operations in 2001 from our current resources.

Inflation and Seasonality

We do not believe that our operating  results have been  materially  affected by
inflation  during the preceding two years.  There can be no assurance,  however,
that our operating results will not be affected by inflation in the future.  Our
business is subject to seasonal  variations  with increased  sales in the second
and third  quarters of the fiscal  year.  We expect to  continue  to  experience
relatively  higher sales in the second and third quarters,  and relatively lower
sales in the  fourth  and  first  quarters,  as a  result  of  reduced  sales of
non-dairy frozen desserts during those periods.

Market Risk

We invest our excess cash in bank  certificates of deposit and the highest rated
money market funds.  The bank  certificate of deposits are usually for a term of
not more than six months and never for more than $100,000 per account.


                                       11


<PAGE>


                           PART II - OTHER INFORMATION

                               TOFUTTI BRANDS INC.


Item 4.  Submission of Matters to a Vote of Shareholders

         None.

Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibits

3.1*     Certificate of Incorporation, as amended through February 1986.

3.1.1**  March 1986 Amendment to Certificate of Incorporation

3.2*     By-laws

4.1***   Copy of the Registrant's Amended 1993 Stock Option Plan

99****   Additional Information Regarding Forward-Looking Statements

---------------------

*        Filed as an exhibit to the Registrant's Form 10-K for the fiscal year
         ended July 31, 1985 and hereby incorporated by reference thereto.

**       Filed as an exhibit to the Registrant's Form 10-K for the fiscal year
         ended August 2, 1986 and hereby incorporated by reference thereto.

***      Filed as an exhibit to the Registrant's Form S-8 (Registration No.
         333-79567) filed May 28, 1999 and hereby incorporated by reference
         thereto.

****     Filed as an exhibit to the Registrant's Form 10-KSB for the fiscal year
         ended January 1, 2000 and hereby incorporated by reference thereto.

(b)      Reports on Form 8-K:

         None.


                                       12


<PAGE>





                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                  TOFUTTI BRANDS INC.
                                     (Registrant)



                                   /s/David Mintz
                                   --------------
                                   David Mintz
                                    President



                                   /s/Steven Kass
                                   --------------
                                   Steven Kass
                                   Chief Financial Officer

Date: May 14, 2001





                                       13