Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 34

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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-four-week-period in the 2024 fiscal year. Promotional activity during the first twenty-four weeks of fiscal year 2025 period was
higher compared to the same period in the prior fiscal year.

 19 of 27 

Cost
of Products Sold and Gross Margin-Consolidated

Cost
of products sold from continuing operations increased on a consolidated basis increased by $3,836 (5.1%) to $79,228 in the
twenty-four-week period ended April 18, 2025, compared to the same twenty-four-week period in fiscal year 2024. The gross margin
decreased to 23.2% during the fiscal year 2025 period compared to 26.2% 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 
     672  
     0.9  
     (108)
  
    Snack Food Products Segment 
     3,164  
     4.2  
     2,280 
  
    Total 
     3,836  
     5.1  
     2,172 

Cost
of Products Sold-Frozen Food Products Segment

Cost
of products sold in the Frozen Food Products segment increased by $672 (3.4%) to $20,454 in the first twenty-four-week period of the
2025 fiscal year compared to the same twenty-four-week period in fiscal year 2024. Higher gross overhead and distribution costs were
the primary contributing factors to this increase. The cost of purchased flour decreased approximately $108 in the first
twenty-four-week period of fiscal year 2025 compared to the same twenty-four-week period in fiscal year 2024. However, the cost of
eggs has increased by $89 in the first twenty-four weeks of fiscal year 2025 compared to the prior year period due to limited
available inventory from suppliers as a result of the avian influenza.

Cost
of Products Sold-Snack Food Products Segment

Cost
of products sold in the Snack Food Products segment increased by $3,164 (5.7%) to $58,774 in the first twenty-four-week period of the
2025 fiscal year compared to the same twenty-four-week period in fiscal year 2024 due to higher meat commodity costs of