Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 82

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 Sold-Frozen Food Products Segment

Cost
of products sold in the Frozen Food Products segment increased by $495 (1.7%) to $28,948 in the thirty-six-week period of the 2025
fiscal year compared to the same thirty-six-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 $154 in the thirty-six week
period of fiscal year 2025 compared to the same thirty-six-week period in fiscal year 2024. However, the cost of eggs has increased
by $89 in the thirty-six weeks of fiscal year 2025 compared to the prior year period due to limited available inventory from
suppliers as a result of an avian influenza outbreak.

Cost
of Products Sold-Snack Food Products Segment

Cost
of products sold in the Snack Food Products segment increased by $6,627 (7.8%) to $91,605 in the thirty-six-week period of the 2025 fiscal
year compared to the same thirty-six-week period in fiscal year 2024 due to higher meat commodity costs of approximately $3,984 resulting
from higher pressure on the commodity market. We decreased our net realizable value reserve by $65 during the thirty-six weeks ended
July 11, 2025 in consideration of pending price increases to customers to help mitigate the record increases in meat commodity costs.
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.

Selling,
General and Administrative Expenses-Consolidated

Selling,
general and administrative expenses increased by $360 (0.8%) to $43,806 in the thirty-six-week period ended July 11, 2025, compared to
the same thirty-six-week period in the prior fiscal year. The table below summarizes the significant expense increases (decreases) included
in this category:

    36
    Weeks Ended  
    Expense 

    July
    11, 2025  
    July
    12, 2024  
    Increase
                                                                               (Decrease) 
  
    Healthcare costs 
    $2,648  
    $2,179  
    $469 
  
    Vehicle repairs 
     868  
     1,323