Company: BRID
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001493152-25-009592
Chunk: 82

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 2
Chunk 82
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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
carriers. Products produced by the Frozen Food Products segment are generally supplied to food service and retail distributors who take
title to the product upon shipment receipt through third-party logistic providers/carriers. We leverage relationships with regional sales
managers, and we maintain a network of independent food service and retail brokers covering most of the United States. Brokers are compensated
on a commission basis. We believe that our brokers, in close cooperation with our regional sales managers, are a valuable asset providing
significant new products and customer opportunities. Regional sales managers perform several significant functions for us, including
identifying and developing new business opportunities and providing customer service and support to our distributors and end purchasers
often with the assistance of our broker partners.

Snack
Food Products Segment

Our
Snack Food Products segment primarily distributes products manufactured by us. All items within this segment are considered similar
products and have been aggregated at this level. The dry sausage division includes products such as jerky, meat snacks, salami,
sausage, and pepperoni products. During the first quarter of fiscal year 2025, our snack food products division sold approximately
170 different items through customer-owned distribution centers and a direct-store-delivery network serving approximately 21,000
supermarkets, mass merchandise and convenience retail stores located in all 50 states.

Products
produced or distributed by the Snack Food Products segment are supplied to customers through either direct delivery to customer
warehouses or direct-store-delivery to retail locations. We utilize customer managed warehouse distribution centers to lower
distribution cost. Products delivered to the customer’s warehouse are then distributed to the store where they are resold to
the end consumer. Our direct