Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 32

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 period of fiscal
year 2025 compared to the same twelve-week period in the prior fiscal year. The table below summarizes the significant expense increases
(decreases) included in this category:

    12
    Weeks Ended  
    Expense 

    July
    11, 2025  
    July
    12, 2024  
    (Decrease)
                                                                               Increase 
  
    (Reduction in) provision for bad
    debt 
    $(30) 
    $347  
    $(377)
  
    Healthcare costs 
     869  
     731  
     138 
  
    Other SG&A 
     13,769  
     13,367  
     402 
  
    Total
    - SG&A 
    $14,608  
    $14,445  
    $163 

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The
provision for bad debt was lower for the twelve weeks ending July 11, 2025 as the comparative period ending July 12, 2024 had credit
losses related to the bankruptcy filing of one of our customers, Big Lots, in the amount of $364, which did not recur. Healthcare costs
have increased due to unfavorable claim trends. None of the changes individually or as a group of expenses in “Other SG&A”
were significant enough to merit separate disclosure. The major components comprising the increase of “Other SG&A” expenses
were higher outside storage unit fees for the direct store delivery route system and higher wages
and bonus partially offset by lower outside consulting fees.

Selling,
General and Administrative Expenses-Frozen Food Products Segment

SG&A
expenses in the Frozen Food Products segment decreased by $232 (7.6%) to $2,831 in the third twelve-week period of fiscal year 2025 compared
to the same twelve-week period in the prior fiscal year. The overall decrease in SG&A expenses was due to a decrease in product advertising,
including broker commission, partially offset by higher healthcare costs and hourly wages.

Selling,
General and Administrative Expenses-Snack Food Products Segment

SG&A
expenses in the Snack Food Products segment increased by $395 (3.5%) to $11,777 in the third twelve-week period of fiscal year 2025 compared
to the same twelve-week period in the prior fiscal year. Most of the increase was due to higher wages and bonuses on increased sales
volume and higher healthcare expenses.

Income
Taxes