Company: BRID
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001493152-25-009592
Chunk: 85

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 2
Chunk 85
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s of fiscal year 2025 compared to 29.2% in the same twelve-week period in fiscal year 2024.

    Change in Cost of Products Sold by Segment 
    $  
    Consolidated %  
    Commodity $ Increase (Decrease) 
  
    Frozen Food Products Segment 
     298  
     0.8  
     (65)
  
    Snack Food Products Segment 
     558  
     1.4  
     845 
  
    Total 
     856  
     2.2  
     780 

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Cost
of Products Sold-Frozen Food Products Segment

Cost
of products sold in the Frozen Food Products segment increased by $298 (2.9%) to $10,584 in the first twelve-week period of the 2025
fiscal year compared to the same twelve-week period in fiscal year 2024. The cost of purchased flour decreased by approximately $65
based on global economic conditions in the first twelve-week period of fiscal year 2025 compared to the same twelve-week period in
fiscal year 2024. The cost of eggs has increased by $33 compared to the prior year period due to concerns over the avian influenza
and available inventory from suppliers. The gross margin decreased to 27.2% in the first twelve-weeks of fiscal year 2025 compared
to 28.6% in the same twelve-week period in fiscal year 2024. Gross overhead increased as a result of higher healthcare expenses and
temporary labor costs.

Cost
of Products Sold-Snack Food Products Segment

Cost
of products sold in the Snack Food Products segment increased by $558 (2.0%) to $29,076 in the first twelve-week period of the 2025
fiscal year compared to the same twelve-week period in fiscal year 2024 due to higher meat commodity costs. The cost of significant
meat commodities increased partially due to a limited supply of cattle ready for market by approximately $845 in the first
twelve-week period of fiscal year 2025 compared to the same period in fiscal year 2024. The gross margin decreased to 23.5% in the
first twelve-weeks of fiscal year 2025 compared to 29.5% in the same twelve-week period in fiscal year 2024. We decreased our net
realizable value reserve by $54 during the twelve weeks ended