Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 18

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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    $48,768 
  
    Direct customer warehouse 
     26,574  
     -  
     26,574 
  
    Total Snack Food Products 
     75,342  
     -  
     75,342 

    Distributors 
     4,682  
     23,160  
     27,842 
  
    Total Frozen Food Products 
     4,682  
     23,160  
     27,842 

    Totals 
    $80,024  
    $23,160  
    $103,184 

    Twenty-four weeks Ended April 19, 2024   Distribution Channel 
    Retail (a)  
    Foodservice (b)  
    Totals 
  
    Direct store delivery 
    $52,024  
    $-  
    $52,024 
  
    Direct customer warehouse 
     22,828  
     -  
     22,828 
  
    Total Snack Food Products 
     74,852  
     -  
     74,852 

    Distributors 
     4,001  
     23,303  
     27,304 
  
    Total Frozen Food Products 
     4,001  
     23,303  
     27,304 

    Totals 
    $78,853  
    $23,303  
    $102,156 

    (a)
    Includes
    sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
  
    (b)
    Includes
    sales to foodservice distributors, restaurant operators, hotel chains and non-commercial foodservice establishments such as schools,
    convenience stores, healthcare facilities and the military.

     12 of 27 

Note
5 – Income Taxes:

The
Company’s effective tax rate was 27.2% and 28.5% for the second quarter of fiscal years 2025 and 2024, respectively. The effective
tax rate for the second quarter of fiscal year 2025 reflects the impact of $1,301 of tax benefit.

As
of April 18, 2025, the Company did not have any valuation allowance against its federal net deferred tax assets. Management reevaluated
the need for a valuation allowance at the end of 202