Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 99

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 2
Chunk 99
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 a pre-defined limit. Fortunately, this potential
tax has been indefinitely deferred and we do not see significant financial exposure. Finally, the PPACA includes provisions that require
employers to offer health benefits to all full-time employees (defined as 30 hours per week). The health coverage must meet minimum standards
for the actuarial value of the benefits offered and employee affordability. We believe that the current administration seems more likely
to enhance the scope and coverage associated with PPACA than to repeal or significantly change this law. The recent legislative packages
related to pandemic relief included some minor provisions that will impact health benefits in the future. These changes most prominently
focus on the impact of surprise balance bills from out-of-network providers. Our health care plans as they exist in 2025 are compliant
with all applicable regulations that currently exist. As we look to the future, we anticipate that future legislative action will impact
the plans offered to active and retired participants. As we have done in the past, our executive team will continue to assess the accounting
implications of the PPACA and potential future legislation to determine the impact on our financial position and results of operations.
The potential future effects and cost of complying with the legislative changes are not currently determinable.

 15 of 27 

Customer
Concentration > 20% of AR or >10% of Sales

The
table below shows customers that accounted for more than 20% of consolidated accounts receivable (“AR”) or 10% of consolidated
sales for the twenty-four weeks ended April 18, 2025, and April 19, 2024, respectively.

    Walmart  
    Dollar General 

    Sales  
    AR  
    Sales  
    AR 
  
    April 18, 2025 
     29.7% 
     25.2% 
     14.1% 
     24.2%
  
    April 19, 2024 
     28.4% 
     25.1% 
     14.5% 
     22.1%

The
table below shows customers that accounted for more than 20% of consolidated accounts receivable or 10% of consolidated sales for the
twelve weeks ended April 18, 2025, and April 19, 2024, respectively.

    Walmart  
    Dollar General 

    Sales  
    AR  
    Sales  
    AR 
  
    April 18,