Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 33

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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    $ 
  
    Selling price per pound 
     3.6  
     1,128 
  
    Unit sales volume in pounds 
     -2.3  
     (712)
  
    Returns activity 
     -  
     (9)
  
    Promotional activity 
     0.7  
     131 
  
    Increase in net sales 
     2.0  
     538 

The
increase in net sales for the twenty-four-week period ended April 18, 2025, primarily relates to higher selling prices per pound partially
offset by lower unit sales volume in pounds. Other institutional Frozen Food Products sales, including sheet dough and rolls, decreased
1% by volume while retail sales volume increased by 7%. Returns activity was even as a percentage of sales and slightly higher in absolute
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