Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 79

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 8
Chunk 79
---
dollars compared to the same twenty-four-week period in the 2024 fiscal year. Promotional activity was both lower in absolute dollars
and as a percentage of sales.

Net
Sales-Snack Food Products Segment

Net
sales in the Snack Food Products segment increased by $490 (0.7%) to $75,342 in the twenty-four-week period ended April 18, 2025, compared
to the same twenty-four-week period in fiscal year 2024. The changes in net sales were comprised as follows:

    Impact on Net Sales-Snack Food Products 
    %  
    $ 
  
    Selling price per pound 
     4.0  
     3,240 
  
    Unit sales volume in pounds 
     -3.0  
     (2,422)
  
    Returns activity 
     -0.1  
     (66)
  
    Promotional activity 
     -0.2  
     (262)
  
    Increase in net sales 
     0.7  
     490 

Net
sales of Snack Food Products increased due to higher selling price per pound partially offset by lower unit sales volume in pounds during
the twenty-four weeks ended April 18, 2025. We believe demand decreased primarily due to inflationary pressures on consumer spending
habits as consumers have pulled back on meat product purchases. The weighted average selling price per pound increased compared to the
same twenty-four-week period in the prior fiscal year due to changes in product mix. Returns activity was higher compared to the same
twenty-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
                                                                               %