Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 35

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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-six-week period in the prior fiscal year due to changes in product mix and to a lesser extent by selling price increases. Returns
activity was higher compared to the same thirty-six-week-period in the 2024 fiscal year. Promotional activity during the thirty-six weeks
of fiscal year 2025 period was lower compared to the same period in the prior fiscal year.

Cost
of Products Sold and Gross Margin-Consolidated

Cost
of products sold from continuing operations increased on a consolidated basis by $7,122 (6.3%) to $120,553 in the thirty-six-week period
ended July 11, 2025, compared to the same thirty-six-week period in fiscal year 2024. The gross margin decreased to 22.3% during the
fiscal year 2025 period compared to 25.1% in the same period in the prior fiscal year.

    Change in
    Cost of Products Sold by Segment 
    $  
    Consolidated
    %  
    Commodity
                                                                               Increase
                                                                               (Decrease)
                                                                               $ 
  
    Frozen Food Products Segment 
     495  
     0.4  
     (154)
  
    Snack Food Products Segment 
     6,627  
     5.9  
     3,984 
  
    Total 
     7,122  
     6.3  
     3,830 

Cost
of Products 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