Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 5

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1
Chunk 5
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we expend to comply with such regulations, have not had a material effect on our business.

Importance of Key Customers

Sales to Wal-Mart® comprised
27.8% of revenues in fiscal year 2024 and 25.4% of total accounts receivable was due from Wal-Mart® as of November 1, 2024. Sales
to Wal-Mart® comprised 29.1% of revenues in fiscal year 2023 and 26.5% of total accounts receivable was due from Wal-Mart® as
of November 3, 2023. Sales to Dollar General® comprised 14.2% of revenues in fiscal year 2024 and 20.2% of total accounts receivable
was due from Dollar General® as of November 1, 2024. Sales to Dollar General® comprised 16.3% of revenues in fiscal year 2023
and 20.5% of total accounts receivable was due from Dollar General® as of November 3, 2023.

Sources and Availability
of Raw Materials

We purchase large quantities
of pork, beef, and flour. These ingredients are generally available from a number of different suppliers although the availability of
these ingredients is subject to seasonal variation. We build ingredient inventories to take advantage of downward trends in seasonal prices
or anticipated supply limitations.

We purchase bulk flour under
short-term fixed price contracts at current market prices. The contracts are usually effective for and settle within three months or less.
We monitor and manage our ingredient costs to help negate volatile daily swings in market prices when possible. We do not participate
in the commodity futures market or hedging to limit commodity exposure.

Employees

We had 662 employees (648
full-time employees) as of November 1, 2024, approximately 42% of whose employment relationship is governed by collective bargaining agreements.
These agreements either “have expired” or “will expire” between June 2025 and February 2028. We believe that our
relationship with all of our employees is favorable and that any pending contracts will be settled favorably.

Availability of SEC Filings
and Code of Conduct on Internet Website

We maintain a website at www.bridgford.com.
Available through the “Investors” link on this website, free of charge, are our annual reports on Form 10-K, quarterly reports
on Form 10-Q, current reports on Form 8-K and amendments thereto, and reports filed under Section 16 of the