In a mixing bowl, combine the softened cream cheese and peppermint extract.
Gradually add powdered sugar until fully incorporated.
Divide the mixture into separate bowls for coloring.
Add a few drops of food coloring to each bowl and mix until well combined.
Using your hands, shape small amounts of the mixture into balls or molds.
Roll the shaped mints in granulated sugar for a nice finish.
Place the mints on a parchment-lined tray.
Refrigerate for at least 30 minutes to firm up.
Once set, transfer to an airtight container.
Enjoy your homemade cream cheese mints!