Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 81

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 in this category:

    24 Weeks Ended  
    Expense 

    April 18, 2025  
    April 19, 2024  
    Increase (Decrease) 
  
    Product advertising 
    $3,360  
    $3,875  
    $(515)
  
    Vehicle repairs 
     404  
     885  
     (481)
  
    Provision for bad debt 
     343  
     (132) 
     475 
  
    Healthcare costs 
     1,779  
     1,448  
     331 
  
    Wages and bonus 
     10,989  
     10,748  
     241 
  
    Outside storage 
     659  
     876  
     (217)
  
    Travel expenses 
     1,405  
     1,222  
     183 
  
    Other SG&A 
     10,259  
     10,079  
     180 
  
    Total - SG&A 
    $29,198  
    $29,001  
    $197 

Product
advertising decreased mainly due to renegotiation of commission percentages with brokers in the Frozen Food Products segment and decreased
fees paid under brand licensing agreements in the Snack Food Products segment during the twenty-four weeks ended April 18, 2025. Vehicle
repairs and maintenance decreased compared to the prior year mainly due to replacing aging vehicles throughout the fiscal year. The provision
for bad debt increased due to the credit losses related to the bankruptcy filing of one of our customers, Big Lots, in the amount of
$364. Healthcare costs have increased due to unfavorable claim trends. Wages and bonus increased due to increases in hourly wages. Outside
storage decreased primarily as a result of the need for less warehouse capacity to store products. Travel expenses increased due to participation
in food shows and in-person business meetings. None of the changes individually or as a group of expenses in “Other SG&A”
were significant enough to merit separate disclosure. The major components comprising the increase of “Other SG&A” expenses
were higher outside consulting fees and office supplies.

 20 of 27 

Selling,
General and Administrative Expenses-Frozen Food Products Segment

SG&A
expenses in the Frozen Food Products segment decreased by $95 (1.4%) to $6,571 in the first twenty-four-week