Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 6

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 twenty-four weeks ended April 18, 2025, and April 19, 2024, respectively.

Customer
Concentration > 20% of AR or >10% of Sales

The
table below shows customers that accounted for more than 20% of consolidated accounts receivable (“AR”) or 10% of consolidated
sales for the twenty-four weeks ended April 18, 2025, and April 19, 2024, respectively.

Schedule
of Customer Concentration  

    Walmart  
    Dollar General 

    Sales  
    AR  
    Sales  
    AR 
  
    April 18, 2025 
     29.7% 
     25.2% 
     14.1% 
     24.2%
  
    April 19, 2024 
     28.4% 
     25.1% 
     14.5% 
     22.1%

The
table below shows customers that accounted for more than 20% of consolidated accounts receivable or 10% of consolidated sales for the
twelve weeks ended April 18, 2025, and April 19, 2024, respectively.

    Walmart  
    Dollar General 

    Sales  
    AR  
    Sales  
    AR 
  
    April 18, 2025 
     31.3% 
     25.2% 
     13.1% 
     24.2%
  
    April 19, 2024 
     28.4% 
     25.1% 
     13.3% 
     22.1%

     7 of 27 

Revenue
recognition

Revenues
are recognized in accordance with Accounting Standards Codification (“ASC”) Topic 606 – Revenue from Contracts with
Customers upon passage of title to the customer. Products are delivered to customers primarily through common carrier, or through
a Company-owned direct-store-delivery system.

The
Company recognizes revenue for the sale of the product at the point in time when our performance obligation has been satisfied and control
of the product has transferred to our customer, which generally occurs upon product shipment, pickup or delivery to a customer based
on terms of the sale. Contracts with customers are typically short-term in nature with completion of a single performance obligation.
Products are sold to foodservice, retail, institutional and other distribution channels. Shipping and handling that occurs