Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 61

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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able operating segments: Frozen Food Products (the processing and distribution of frozen food products) and Snack
Food Products (the processing and distribution of meat and other convenience foods).

We
evaluate each segment’s performance based on revenues and operating income. Selling, general and administrative (“SG&A”)
expenses include corporate accounting, information systems, human resource management and marketing, which are managed at the corporate
level. These activities are allocated to each operating segment based on revenues and/or actual usage. Assets managed at the corporate
level are not attributable to each operating segment and thus have been included as “other” in the accompanying segment information.

The
following segment information is presented for the twelve weeks ended July 11, 2025, and July 12, 2024, respectively.

Schedule of Segment Reporting Information, by Segment   

    Twelve weeks
    Ended July 11, 2025 
     Frozen Food Products  
     Snack Food Products  
     Other  
     Totals 

    Segment Information 
  
    Twelve weeks
    Ended July 11, 2025 
    Frozen
    Food Products  
    Snack
    Food Products  
    Other  
    Totals 
  
    Sales 
    $10,792  
    $41,162  
    $-  
    $51,954 
  
    Cost of products sold 
     8,494  
     32,831  
     -  
     41,325 
  
    Gross margin 
     2,298  
     8,331  
     -  
     10,629 
  
    SG&A 
     2,831  
     11,777  
     -  
     14,608 
  
    Gain on sale of property,
    plant, and equipment 
     (2) 
     (121) 
     -  
     (123)
  
    Operating
    loss 
     (531) 
     (3,325) 
     -  
     (3,856)

    Total
    assets 
    $15,643  
    $113,384  
    $23,700  
    $152,727 
  
    Additions to PP&E 
    $60  
    $246  
    $-  
    $306 

    Twelve weeks
    Ended July 12