Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 243

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 2
Chunk 243
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 activity 
     -1.8  
     (3,242)
  
    Decrease in net sales 
     -11.1  
     (27,991)

Net Sales-Frozen Food Products Segment

Net sales in the Frozen Food Products segment
in fiscal year 2024 increased $770 (1.3%) compared to the prior fiscal year. The changes in net sales were comprised as follows:

    Impact on Net Sales-Frozen Food Products 
    %  
    $ 
  
    Selling price per pound 
     3.2  
     2,117 
  
    Unit sales volume in pounds 
     -1.3  
     (837)
  
    Returns activity 
     0.3  
     177 
  
    Promotional activity 
     -0.9  
     (687)
  
    Increase in net sales 
     1.3  
     770 

The increase in net sales for fiscal year 2024
primarily relates to higher selling prices per pound partially offset by lower unit sales volume in pounds. The increase in net sales
was primarily driven by a significant increase in volume to institutional customers and an increase in selling price per pound due to
price increases implemented during the fourth quarter of fiscal year 2023. Other institutional Frozen Food Products sales, including sheet
dough and rolls, increased 8% by volume and retail sales volume decreased 8%. Returns activity decreased compared to the 2023 fiscal year.
Promotional activity was higher in fiscal year 2024 as a percentage of sales due to increased sales to high promotion customers.

Net Sales-Snack Food Products Segment

Net sales in the Snack Food Products segment in
fiscal year 2024 decreased $28,761 (14.8%) compared to the prior fiscal year. The changes in net sales were comprised as follows:

    Impact on Net Sales-Snack Food Products 
    %  
    $ 
  
    Selling price per pound 
     -1.6  
     (3,254)
  
    Unit sales volume in pounds 
     -11.1  
     (23,152)
  
    Returns activity 
     -0.3  
     200 
  
    Promotional activity 
     -1.8  
     (2,555)
  
    Decrease in net sales 
     -14.8