Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 3

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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)

(in
thousands)

    July
    11, 2025  
    July
    12, 2024 

    36
    weeks ended 

    July
    11, 2025  
    July
    12, 2024 
  
    Cash flows from operating activities: 

    Net loss 
    $(6,610) 
    $(2,730)

    Adjustments to reconcile loss to net cash (used
    in) provided by operating activities: 

    Depreciation and amortization 
     4,459  
     4,489 
  
    Provision for credit losses on accounts receivable 
     313  
     215 
  
    Decrease in promotional allowances 
     (589) 
     (1,449)
  
    (Gain) loss on sale of property, plant, and
    equipment 
     (167) 
     161 

    Changes in operating assets and liabilities: 

    Accounts receivable, net 
     7,267  
     2,809 
  
    Inventories, net 
     (9,576) 
     5,661 
  
    Prepaid expenses and other current assets 
     (843) 
     (853)
  
    Refundable income taxes 
     965  
     (2,452)
  
    Other non-current assets 
     (2,298) 
     (2,704)
  
    Accounts payable 
     1,638  
     755 
  
    Accrued payroll, advertising, and other expenses 
     1,415  
     1,041 
  
    Other current liabilities 
     (809) 
     (168)
  
    Executive retirement,
    pension plans and other 
     (733) 
     (1,573)

    Net
    cash (used in) provided by operating activities 
     (5,568) 
     3,202 

    Cash flows from investing activities: 

    Proceeds from sale of property, plant, and
    equipment 
     151  
     14 
  
    Additions to property,
    plant, and equipment 
     (1,882) 
     (2,524)

    Net
    cash used in investing activities 
     (1,731) 
     (2,