Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 0

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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BRIDGFORD
FOODS CORPORATION

CONDENSED
CONSOLIDATED BALANCE SHEETS

(in
thousands, except share and per share amounts)

    July
    11, 2025  
    November
    1, 2024 

    (unaudited)  

    ASSETS 

    Current assets: 

    Cash and cash
    equivalents 
    $3,403  
    $10,230 
  
    Accounts receivable, less
    allowance for credit losses of $113 and $110, respectively, and promotional allowances of $1,742 and $2,399, respectively 
     23,413  
     30,404 
  
    Inventories, net 
     42,914  
     33,338 
  
    Refundable income taxes 
     2,443  
     3,408 
  
    Prepaid
    expenses and other current assets 
     1,452  
     609 
  
    Total current assets 
     73,625  
     77,989 

    Property, plant and equipment, net of accumulated
    depreciation and amortization of $80,291 and $77,160, respectively 
     62,073  
     64,634 
  
    Other non-current assets 
     17,029  
     14,731 
  
    Total assets 
    $152,727  
    $157,354 

    LIABILITIES AND SHAREHOLDERS’
    EQUITY 

    Current liabilities: 

    Accounts payable 
    $7,310  
    $5,672 
  
    Accrued payroll, advertising,
    and other expenses 
     7,738  
     6,323 
  
    Income taxes payable 
     274  
     274 
  
    Current notes payable -
    equipment 
     1,111  
     1,084 
  
    Revolving credit facility 
     2,000  
     - 
  
    Current right-of-use leases
    payable 
     1,155  
     1,098 
  
    Other
    current liabilities 
     1,205  
     2,002 
  
    Total current liabilities 
     20,793  
     16,453 

    Long-term notes payable - equipment 
     957