Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 111

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 2
Chunk 111
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Decrease)
                                                                               $ 
  
    Frozen Food Products Segment 
     495  
     0.4  
     (154)
  
    Snack Food Products Segment 
     6,627  
     5.9  
     3,984 
  
    Total 
     7,122  
     6.3  
     3,830 

Cost
of Products Sold-Frozen Food Products Segment

Cost
of products sold in the Frozen Food Products segment increased by $495 (1.7%) to $28,948 in the thirty-six-week period of the 2025
fiscal year compared to the same thirty-six-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 $154 in the thirty-six week
period of fiscal year 2025 compared to the same thirty-six-week period in fiscal year 2024. However, the cost of eggs has increased
by $89 in the thirty-six weeks of fiscal year 2025 compared to the prior year period due to limited available inventory from
suppliers as a result of an avian influenza outbreak.

Cost
of Products Sold-Snack Food Products Segment

Cost
of products sold in the Snack Food Products segment increased by $6,627 (7.8%) to $91,605 in the thirty-six-week period of the 2025 fiscal
year compared to the same thirty-six-week period in fiscal year 2024 due to higher meat commodity costs of approximately $3,984 resulting
from higher pressure on the commodity market. We decreased our net realizable value reserve by $65 during the thirty-six weeks ended
July 11, 2025 in consideration of pending price increases to customers to help mitigate the record increases in meat commodity costs.
We maintain a net realizable reserve of $1,532 on products as of July 11, 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 $360 (0.8%) to $43,806 in the thirty-six-week period ended July 11, 2025, compared to
the same thirty-six-week period in the prior fiscal year. The table below summarizes the significant expense increases (decreases) included
in