Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 423

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 5
Chunk 423
---
 notes to consolidated financial
statements.

 26 

BRIDGFORD FOODS CORPORATION 

CONSOLIDATED STATEMENTS OF OPERATIONS 

For the fiscal years ended November
1, 2024, and November 3, 2023 

(in thousands, except share and per share amounts)

    November 1, 2024  
    November 3, 2023 

    (52 Weeks)  
    (53 Weeks) 

    Net sales 
    $223,645  
    $251,636 

    Cost of products sold 
     167,317  
     181,279 

    Gross margin 
     56,328  
     70,357 

    Selling, general and administrative expenses 
     62,449  
     65,567 

    Loss on sale of property, plant and equipment 
     146  
     161 

    Operating (loss) income 
     (6,267) 
     4,629 

    Other income (expense) 

    Interest expense 
     (429) 
     (579)
  
    Cash surrender value gain 
     2,004  
     445 
  
    Total other income (expense) 
     1,575  
     (134)

    (Loss) income before taxes 
     (4,692) 
     4,495 

    (Benefit on) provision for income taxes 
     (1,311) 
     1,021 

    Net (loss) income 
    $(3,381) 
    $3,474 

    Basic (loss) earnings per share 
    $(0.37) 
    $0.38 

    Shares used to compute basic (loss) earnings per share 
     9,076,832  
     9,076,832 

See accompanying notes to consolidated financial
statements.

 27 

BRIDGFORD FOODS CORPORATION 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE
(LOSS) INCOME 

For the fiscal years ended November
1, 2024, and November 3, 2023 

(in thousands)

    November 1, 2024  
    November 3, 2023 

    (52 Weeks)  
    (53 Weeks) 
  
    Net (loss) income