Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 105

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 2
Chunk 105
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 0.1  
     9 
  
    Promotional activity 
     -3.2  
     (317)
  
    Decrease
    in net sales 
     -6.3  
     (725)

Net
sales for the Frozen Food Products segment decreased due to lower selling prices per pound and by lower unit sales volume in pounds compared
to the same period in the prior year. Institutional frozen food products dollar sales, including sheet dough and rolls, decreased
3% resulting in lower net sales compared to the same period last year which was not offset by a retail dollar sales volume increase of
9%. Consumers are purchasing more from retail stores while visits to foodservice establishments have decreased slightly compared to the
prior year period. In addition, production was temporarily reduced to accommodate necessary repairs on a spiral freezer that have since
been completed. Returns activity remained consistent compared to the same twelve-week period in the 2024 fiscal year. Promotional activity
was higher as a percentage of sales and higher in dollars during the fiscal year 2025 period.

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Net
Sales-Snack Food Products Segment

Net
sales in the Snack Food Products segment increased by $3,416 (9.0%) to $41,162 in the third twelve-week period of the 2025 fiscal year
compared to the same twelve-week period in fiscal year 2024. The changes in net sales were comprised as follows:

    Impact on
    Net Sales-Snack Food Products 
    %  
    $ 
  
    Selling price per pound 
     5.5  
     2,269 
  
    Unit sales volume in pounds 
     3.3  
     1,351 
  
    Returns activity 
     -1.1  
     (477)
  
    Promotional activity 
     1.3  
     273 
  
    Increase
    in net sales 
     9.0  
     3,416 

Net
sales of snack food products increased due to both higher selling prices per pound and higher unit sales volume in pounds during the
third quarter of fiscal year 2025. We believe demand increased primarily due to a shift in consumer spending habits toward purchasing
less expensive private-label snack foods including meat product purchases in order to reduce their expenses. The weighted average selling
price per pound increased compared to the same twelve-week period in the prior fiscal year due to price