Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 81

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 in net sales were comprised as follows:

    Impact on
    Net Sales-Snack Food Products 
    %  
    $ 
  
    Selling price per pound 
     4.6  
     5,692 
  
    Unit sales volume in pounds 
     -1.0  
     (1,254)
  
    Returns activity 
     -0.4  
     (543)
  
    Promotional activity 
     0.3  
     11 
  
    Increase
    in net sales 
     3.5  
     3,906 

Net
sales of Snack Food Products increased due to higher selling price per pound partially offset by lower unit sales volume in pounds during
the thirty-six weeks ended July 11, 2025. We believe demand decreased primarily due to inflationary pressures on consumer spending habits
as consumers have pulled back on meat product purchases. The weighted average selling price per pound increased compared to the same
thirty-six-week period in the prior fiscal year due to changes in product mix and to a lesser extent by selling price increases. Returns
activity was higher compared to the same thirty-six-week-period in the 2024 fiscal year. Promotional activity during the thirty-six weeks
of fiscal year 2025 period was lower compared to the same period in the prior fiscal year.

Cost
of Products Sold and Gross Margin-Consolidated

Cost
of products sold from continuing operations increased on a consolidated basis by $7,122 (6.3%) to $120,553 in the thirty-six-week period
ended July 11, 2025, compared to the same thirty-six-week period in fiscal year 2024. The gross margin decreased to 22.3% during the
fiscal year 2025 period compared to 25.1% in the same period in the prior fiscal year.

    Change in
    Cost of Products Sold by Segment 
    $  
    Consolidated
    %  
    Commodity
                                                                               Increase
                                                                               (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