Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 564

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 7A
Chunk 564
---
    Gross margin 
     56,328  
     70,357 

    Selling, general and administrative expenses 
     62,449  
     65,567 

    Loss on sale of property, plant and equipment 
     146  
     161 

    Operating (loss) income 
     (6,267) 
     4,629 

    Other income (expense) 

    Interest expense 
     (429) 
     (579)
  
    Cash surrender value gain 
     2,004  
     445 
  
    Total other income (expense) 
     1,575  
     (134)

    (Loss) income before taxes 
     (4,692) 
     4,495 

    (Benefit on) provision for income taxes 
     (1,311) 
     1,021 

    Net (loss) income 
    $(3,381) 
    $3,474 

    Basic (loss) earnings per share 
    $(0.37) 
    $0.38 

    Shares used to compute basic (loss) earnings per share 
     9,076,832  
     9,076,832 

See accompanying notes to consolidated financial
statements.

 27 

BRIDGFORD FOODS CORPORATION 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE
(LOSS) INCOME 

For the fiscal years ended November
1, 2024, and November 3, 2023 

(in thousands)

    November 1, 2024  
    November 3, 2023 

    (52 Weeks)  
    (53 Weeks) 
  
    Net (loss) income 
    $(3,381) 
    $3,474 
  
    Other comprehensive income from defined benefit plans 
     3,112  
     1,255 
  
    Other postretirement benefit plans: 

    Actuarial loss 
     (641) 
     (1,229)
  
    Other comprehensive loss from other postretirement benefit plans, net 
     (641) 
     (1,229)

    Other comprehensive income, before taxes 
     2,471  
     26 

    Tax benefit on other comprehensive income 
     (489) 
     (290)

    Change