Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 77

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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,325 in the third twelve-week period
of the 2025 fiscal year compared to the same twelve-week period in fiscal year 2024. The gross margin decreased to 20.5% in the third
twelve-weeks of fiscal year 2025 compared to 22.8% in the same twelve-week period in fiscal year 2024.

    Change in
    Cost of Products Sold by Segment 
    $  
    Consolidated
    %  
    Commodity
                                                                               Increase
                                                                               (Decrease)
                                                                               $ 
  
    Frozen Food Products Segment 
     (176) 
     -0.5  
     (46)
  
    Snack Food Products Segment 
     3,462  
     9.1  
     1,705 
  
    Total 
     3,286  
     8.6  
     1,659 

Cost
of Products Sold-Frozen Food Products Segment

Cost
of products sold in the Frozen Food Products segment decreased by $176 (2.0%) to $8,494 in the third twelve-week period of the 2025 fiscal
year compared to the same twelve-week period in fiscal year 2024. The cost of purchased flour decreased by approximately $46 based on
global economic conditions in the third twelve-week period of fiscal year 2025 compared to the same twelve-week period in fiscal year
2024. The gross margin decreased to 21.3% in the third twelve-weeks of fiscal year 2025 compared to 24.7% in the same twelve-week period
in fiscal year 2024 due to higher gross overhead. Gross overhead increased as a result of higher healthcare expenses, temporary labor
costs and repairs and maintenance on buildings and processing equipment.

Cost
of Products Sold-Snack Food Products Segment

Cost
of products sold in the Snack Food Products segment increased by $3,462 (11.8%) to $32,831 in the third twelve-week period of the
2025 fiscal year compared to the same twelve-week period in fiscal year 2024 due to higher meat commodity costs. The cost of meat
commodities increased by approximately $1,705 due to a limited supply of cattle ready for market and other unfavorable market
conditions (including inflation and tariffs) in the third twelve-week period of fiscal year 2025 compared to the same period in
fiscal year 2024. The gross margin decreased