Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 59

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 executive retirement, pension plans and other, respectively, and ROU
    leases payable of $1,136 and $1,661 are disclosed as line items current right-of-use leases payable and long-term right-of-use leases
    payable, respectively, as of April 18, 2025.

We
purchase large quantities of pork, beef, and flour. These ingredients are generally available from a number of different suppliers although
the availability of these ingredients is subject to seasonal variation. We build ingredient inventories to take advantage of downward
trends in seasonal prices or anticipated supply limitations.

We
purchase bulk flour under short-term fixed price contracts at current market prices. The contracts are usually effective for and settle
within three months or less at a fixed price and quantity. We monitor and manage our ingredient costs to help negate volatile daily swings
in market prices when possible. We do not participate in the commodity futures market or hedging to limit commodity exposure.

The
Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the
ultimate disposition of these matters is not expected to have a material adverse effect on the Company’s consolidated financial
position or results of operations.

Note
4 – Segment Information:

The
Company has two reportable 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.

     10 of 27 

The
following segment information is presented for the twelve weeks ended April 18, 2025, and April 19, 2024, respectively.

Schedule of Segment Reporting Information, by Segment  

    Twelve weeks Ended April 18, 2025 
     Frozen Food Products  
     Snack Food Products  
     Other  
     Totals 

    Segment Information 
  
    Twelve weeks Ended April 18, 2025 
     Frozen Food Products  
     Snack Food Products  
     Other