Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 36

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 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 this category:

    36
    Weeks Ended  
    Expense 

    July
    11, 2025  
    July
    12, 2024  
    Increase
                                                                               (Decrease) 
  
    Healthcare costs 
    $2,648  
    $2,179  
    $469 
  
    Vehicle repairs 
     868  
     1,323  
     (455)
  
    Outside storage 
     910  
     1,223  
     (313)
  
    Wages and bonus 
     16,387  
     16,106  
     281 
  
    Travel expenses 
     2,067  
     1,828  
     239 
  
    Product advertising 
     5,049  
     5,280  
     (231)
  
    Other SG&A 
     15,877  
     15,507  
     370 
  
    Total
    - SG&A 
    $43,806  
    $43,446  
    $360 

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Healthcare
costs have increased due to unfavorable claim trends. Vehicle repairs and maintenance decreased compared to the prior year mainly
due to replacing aging vehicles throughout the fiscal year. Outside storage decreased primarily as a result of the need for less
warehouse capacity to