Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 94

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 during these
meetings. The Audit Committee has discussed with the independent registered public accounting firm matters required to be discussed by
Statement of Auditing Standards No. 16 (Communication with Audit Committees). In addition, the Audit Committee and the independent registered
public accounting firm have discussed the independent registered public accounting firm’s independence from our Company and its
management, including the matters in the written disclosures required by Public Company Accounting Oversight Board Rule 3526 “Communicating
with Audit Committees Concerning Independence”.

Changes
in Internal Control Over Financial Reporting

There
have been no changes in our internal controls over financial reporting other than those discussed above that occurred during the fiscal
quarter ended July 11, 2025, that have materially affected, or are reasonably likely to materially affect, our internal controls over
financial reporting.

24 of 27

Part
II. Other Information

Item
1. Legal Proceedings

From
time to time, we are involved in various legal proceedings, disputes, and other claims arising in the ordinary course of business. Although
the results of these ordinary course matters cannot be predicted with certainty, we currently believe that the final outcome of these
ordinary course matters will not, individually or in the aggregate, have a material adverse effect on our business, results of operations,
financial condition, or cash flows. However, regardless of the merit of the claims raised or the outcome, these ordinary course matters
can have an adverse impact on us as a result of legal costs, diversion of management’s time and resources, and other factors.

Item
1A. Risk Factors

The
risk factors listed in Part I “Item 1A. Risk Factors” in the Annual Report should be considered with the information provided
elsewhere in this Report, which could materially adversely affect our business, financial condition, or results of operations. Except
as set forth below, there have been no material changes in our assessment of risk factors affecting our business since those presented
in our Annual Report. The following risk factor amends and restates in its entirety the risk factor of the same heading set forth in
the Annual Report.

Fluctuations
in commodity prices and the availability of raw materials could negatively impact our financial results.

We
purchase large quantities of commodity pork, beef, and flour. Historically, market prices for products we process have fluctuated in
response to a number of factors, including changes in the United States government farm support programs, changes in international agricultural
and trading policies, weather, and other conditions during the