Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 78

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 to 20.2% in the third twelve-weeks of fiscal year 2025 compared to 22.2% in the same
twelve-week period in fiscal year 2024. We maintain a net realizable reserve of $1,532 on products as of July 11, 2025, after
determining that the market value on some meat products could not cover the costs associated with completion and sale of the
product. We decreased our net realizable value reserve by $272 during the twelve weeks ended July 11, 2025 in consideration of
pending price increases to customers to help mitigate the record increases in meat commodity costs. Freight costs increased by $221
during the third twelve-week period of the 2025 fiscal year compared to the same twelve-week period in the prior year.

Selling,
General and Administrative Expenses-Consolidated

Selling,
general and administrative expenses (“SG&A”) increased by $163 (1.1%) to $14,608 in the third twelve-week 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