Company: BRID
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001493152-25-009592
Chunk: 0

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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BRIDGFORD
FOODS CORPORATION

CONDENSED
CONSOLIDATED BALANCE SHEETS

(in
thousands, except share and per share amounts)

    January 24, 2025  
    November 1, 2024 

     (unaudited)  

    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $4,659  
    $10,230 
  
    Accounts receivable, less allowance for credit losses of $104 and $110, respectively, and promotional allowances of $2,403 and $2,399, respectively 
     28,588  
     30,404 
  
    Inventories, net 
     36,252  
     33,338 
  
    Refundable income taxes 
     2,633  
     3,408 
  
    Prepaid expenses and other current assets 
     2,370  
     609 
  
    Total current assets 
     74,502  
     77,989 

    Property, plant and equipment, net of accumulated depreciation and amortization of $77,221 and $77,160, respectively 
     63,653  
     64,634 
  
    Other non-current assets 
     15,221  
     14,731 
  
    Total assets 
    $153,376  
    $157,354 

    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Current liabilities: 

    Accounts payable 
    $4,031  
    $5,672 
  
    Accrued payroll, advertising, and other expenses 
     7,058  
     6,323 
  
    Income taxes payable 
     274  
     274 
  
    Current notes payable - equipment 
     1,091  
     1,084 
  
    Current right-of-use leases payable 
     1,117  
     1,098 
  
    Other current liabilities 
     1,196  
     2,002 
  
    Total current liabilities 
     14,767  
     16,453 

    Long-term notes payable - equipment 
     1,518  
     1,702 
  
    Deferred income taxes, net 
     7,622  
     7,622 
  
    Long-term right-of-use