Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 4

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1
Chunk 4
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in the past several years has been on single-serve items. We are constantly striving to develop new products to complement our existing
product lines and improve processing techniques and formulas. We utilize an in-house test kitchen and consultants to research and experiment
with unique food preparation methods, improve quality control and analyze new ingredient mixtures.

Competition

Our products are sold under
highly competitive conditions. All food products can be considered competitive with other food products, but we consider our principal
competitors to include national, regional, and local producers and distributors of refrigerated, frozen and non-refrigerated snack food
products. Several of our competitors include large companies with substantially greater financial and marketing resources than ours. Existing
competitors may broaden their product lines and potential competitors may enter or increase their focus on our markets, resulting in greater
competition for us. We believe that our products compete favorably with those of our competitors. Such competitors’ products compete
against ours for retail shelf space, institutional distribution, and customer preference. Innovation, high quality and consistency are
the major attributes of our products.

Effect of Government Regulations

Our operations are subject
to extensive inspection and regulation by the United States Department of Agriculture (the “USDA”), the Food and Drug Administration
(the “FDA”), and by other federal, state, and local authorities regarding the processing, packaging, storage, transportation,
distribution, and labeling of products that we manufacture, produce and process. Our processing facilities and products are subject to
continuous inspection by the USDA and/or other federal, state, and local authorities. The USDA has issued strict regulations concerning
the control of listeria monocytogenes in ready-to-eat meat and poultry products and contamination by food borne pathogens such as E. coli
and salmonella and implemented a system of regulation known as the Hazard Analysis Critical Control Points (“HACCP”) program.
The HACCP program requires all meat and poultry processing plants to develop and implement sanitary operating procedures and other program
requirements. OSHA oversees safety compliance and establishes certain employer responsibilities to help “assure safe and healthful
working conditions” and keep the workplace free of recognized hazards or practices likely to cause death or serious injury. We believe
that we are currently in compliance with governmental laws and regulations and that we maintain the necessary permits and licenses relating
to our operations. 

 5 

To date, federal, state, and
local environmental laws and regulations, including those relating to the discharge of materials into the environment, and the resources