Company: BRID
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001493152-25-009592
Chunk: 14

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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ging to limit commodity exposure.

    10 of 25

The
Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the
ultimate disposition of these matters is not expected to have a material adverse effect on the Company’s consolidated financial
position or results of operations.

Note
4 – Segment Information:

The
Company has two reportable operating segments: Frozen Food Products (the processing and distribution of frozen food products) and Snack
Food Products (the processing and distribution of meat and other convenience foods).

We
evaluate each segment’s performance based on revenues and operating income. Selling, general and administrative (“SG&A”)
expenses include corporate accounting, information systems, human resource management and marketing, which are managed at the corporate
level. These activities are allocated to each operating segment based on revenues and/or actual usage. Assets managed at the corporate
level are not attributable to each operating segment and thus have been included as “other” in the accompanying segment information.

The
following segment information is presented for the twelve weeks ended January 24, 2025, and January 26, 2024, respectively.

Schedule of Segment Reporting Information, by Segment 

    Twelve weeks Ended January 24, 2025 
    Frozen Food Products  
    Snack Food Products  
    Other  
    Totals 

    Segment Information
  
    Twelve weeks Ended January 24, 2025 
    Frozen Food Products  
    Snack Food Products  
    Other  
    Totals 
  
    Sales 
    $14,529  
    $38,016  
    $-  
    $52,545 
  
    Cost of products sold 
     10,584  
     29,076  
     -  
     39,660 
  
    Gross margin 
     3,945  
     8,940  
     -  
     12,885 
  
    SG&A 
     3,370  
     11,543  
     -  
     14,913 
  
    Gain on sale of property, plant, and equipment 
     -  
     (16) 
     -  
     (16)
  
    Operating income (loss) 
     575  
     (2,587) 
     -  
     (2,012)

    Total assets