Throughout the second half of this year, Galaxy ran extended market tests of its Veggie Mozzarella in several Pizza Hut stores in Terre Haute, Ind. According to the non-dairy cheese maker, sales of pizzas using the product have reached 11 percent in some of those stores.
In the past, Sbarro, headquartered in Melville, N.Y., used Galaxy's non-plant-based, lower-fat mozzarella as a pizza and sandwich topping. It now will use the soy-based cheese exclusively as its low-fat offering.
Galaxy (Amex: Gxy) stock closed at $5.40 a share on Tuesday. That compares to a 52-week range of $3.13 to $6.98.