Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 30

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 were comprised as follows:

    Impact on
    Net Sales-Snack Food Products 
    %  
    $ 
  
    Selling price per pound 
     5.5  
     2,269 
  
    Unit sales volume in pounds 
     3.3  
     1,351 
  
    Returns activity 
     -1.1  
     (477)
  
    Promotional activity 
     1.3  
     273 
  
    Increase
    in net sales 
     9.0  
     3,416 

Net
sales of snack food products increased due to both higher selling prices per pound and higher unit sales volume in pounds during the
third quarter of fiscal year 2025. We believe demand increased primarily due to a shift in consumer spending habits toward purchasing
less expensive private-label snack foods including meat product purchases in order to reduce their expenses. The weighted average selling
price per pound increased compared to the same twelve-week period in the prior fiscal year due to price increases on select products
with lower or negative margins. Returns activity increased compared to the same twelve-week period in the 2024 fiscal year. Promotional
activity was lower than the same twelve-week period in fiscal year 2024.

Cost
of Products Sold and Gross Margin-Consolidated

Cost
of products sold from continuing operations increased on a consolidated basis by $3,286 (8.6%) to $41,325 in the third twelve-week period
of the 2025 fiscal year compared to the same twelve-week period in fiscal year 2024. The gross margin decreased to 20.5% in the third
twelve-weeks of fiscal year 2025 compared to 22.8% in the same twelve-week period in fiscal year 2024.

    Change in
    Cost of Products Sold by Segment 
    $  
    Consolidated
    %  
    Commodity
                                                                               Increase
                                                                               (Decrease)
                                                                               $ 
  
    Frozen Food Products Segment 
     (176) 
     -0.5  
     (46)
  
    Snack Food Products Segment 
     3,462  
     9.1  
     1,705 
  
    Total 
     3,286  
     8.6  
     1,659 

Cost
of Products Sold-Frozen Food Products Segment

Cost
of products sold in