Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 26

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 respectively.

    Walmart  
    Dollar General 

    Sales  
    AR  
    Sales  
    AR 
  
    April 18, 2025 
     29.7% 
     25.2% 
     14.1% 
     24.2%
  
    April 19, 2024 
     28.4% 
     25.1% 
     14.5% 
     22.1%

The
table below shows customers that accounted for more than 20% of consolidated accounts receivable or 10% of consolidated sales for the
twelve weeks ended April 18, 2025, and April 19, 2024, respectively.

    Walmart  
    Dollar General 

    Sales  
    AR  
    Sales  
    AR 
  
    April 18, 2025 
     31.3% 
     25.2% 
     13.1% 
     24.2%
  
    April 19, 2024 
     28.4% 
     25.1% 
     13.3% 
     22.1%

Revenue
recognition

Revenues
are recognized in accordance with ASC 606 – Revenue from Contracts with Customers upon passage of title to the customer,
typically upon product pick-up, shipment, or delivery to customers. Products are delivered to customers primarily through common carrier,
or through a Company owned direct-store-delivery system.

Overview
of Reporting Segments

We
operate in two business segments – the processing and distribution of frozen food products (the “Frozen Food Products segment”),
and the processing and distribution of snack food products (the “Snack Food Products segment”). For information regarding
the separate financial performance of the business segments refer to Note 4 — Segment Information of the Notes to the Condensed
Consolidated Financial Statements included in this Report. We manufacture and distribute an extensive line of food products, including
biscuits, bread dough items, roll dough items, dry sausage products and beef jerky.

Frozen
Food Products Segment

Our
Frozen Food Products segment primarily manufactures and distributes biscuits, bread dough items, roll dough items and shelf stable sandwiches.
All items within this segment are considered similar products and have been aggregated at this level. Our frozen food business covers
the United States. We have shifted away from Company-leased long-haul vehicles toward less costly transportation methods such as common