Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 29

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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5  
     1,683 
  
    Unit sales volume in pounds 
     3.3  
     1,232 
  
    Returns activity 
     1.8  
     554 
  
    Promotional activity 
     -1.1  
     (552)
  
    Increase in net sales 
     8.5  
     2,917 

Net
sales of Snack Food Products increased due to both higher selling prices per pound and higher unit sales volume in pounds during the
second quarter of fiscal year 2025. We believe demand increased primarily due to a shift in consumer spending habits toward purchasing
less expensive private-label snack foods including meat product purchases in order to reduce their expenses. The weighted average selling
price per pound increased compared to the same twelve-week period in the prior fiscal year due to price increases on select products
with lower or negative margins. Returns activity decreased compared to the same twelve-week period in the 2024 fiscal year. Promotional
activity was higher than the same twelve-week period in fiscal year 2024 due to higher sales volume in pounds.

Cost
of Products Sold and Gross Margin-Consolidated

Cost
of products sold from continuing operations increased on a consolidated basis by $2,980 (8.1%) to $39,568 in the second twelve-week period
of the 2025 fiscal year compared to the same twelve-week period in fiscal year 2024. The gross margin decreased to 21.9% in the second
twelve-weeks of fiscal year 2025 compared to 22.7% in the same twelve-week period in fiscal year 2024.

    Change in Cost of Products Sold by Segment 
    $  
    Consolidated %  
    Commodity $ Increase (Decrease) 
  
    Frozen Food Products Segment 
     374  
     1.0  
     (44)
  
    Snack Food Products Segment 
     2,606  
     7.1  
     1,435 
  
    Total 
     2,980  
     8.1  
     1,391 

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Cost
of Products Sold-Frozen Food Products Segment

Cost
of products sold in the Frozen Food Products segment increased by $374 (3.9%) to $9,870 in the second twelve-week period of the 2025
fiscal year