Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 108

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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modity $ Increase
                                                                               (Decrease) 
  
    Frozen Food Products Segment 
     672  
     0.9  
     (108)
  
    Snack Food Products Segment 
     3,164  
     4.2  
     2,280 
  
    Total 
     3,836  
     5.1  
     2,172 

Cost
of Products Sold-Frozen Food Products Segment

Cost
of products sold in the Frozen Food Products segment increased by $672 (3.4%) to $20,454 in the first twenty-four-week period of the
2025 fiscal year compared to the same twenty-four-week period in fiscal year 2024. Higher gross overhead and distribution costs were
the primary contributing factors to this increase. The cost of purchased flour decreased approximately $108 in the first
twenty-four-week period of fiscal year 2025 compared to the same twenty-four-week period in fiscal year 2024. However, the cost of
eggs has increased by $89 in the first twenty-four weeks of fiscal year 2025 compared to the prior year period due to limited
available inventory from suppliers as a result of the avian influenza.

Cost
of Products Sold-Snack Food Products Segment

Cost
of products sold in the Snack Food Products segment increased by $3,164 (5.7%) to $58,774 in the first twenty-four-week period of the
2025 fiscal year compared to the same twenty-four-week period in fiscal year 2024 due to higher meat commodity costs of approximately
$2,280 due to higher pressure on the commodity market. We increased our net realizable value reserve by $338 during the twenty-four weeks
ended April 18, 2025, in consideration of higher meat commodity costs and lower gross margins. We maintain a net realizable reserve of
$1,804 on products as of April 18, 2025, after determining that the market value on some meat products could not cover the costs associated
with completion and sale of the product.

Selling,
General and Administrative Expenses-Consolidated

Selling,
general and administrative expenses increased by $197 (0.7%) to $29,198 in the twenty-four-week period ended April 18, 2025, compared
to the same twenty-four-week period in the prior fiscal year. The table below summarizes the significant expense increases (decreases)
included in this category