Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 31

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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ases (decreases) included in this category:

    12 Weeks Ended  
    Expense 

    April 18, 2025  
    April 19, 2024  
    Increase (Decrease) 
  
    Wages and bonus 
    $5,203  
    $4,814  
    $389 
  
    Vehicle repairs 
     123  
     455  
     (332)
  
    Healthcare costs 
     904  
     656  
     248 
  
    Product advertising 
     2,101  
     2,318  
     (217)
  
    Other SG&A 
     5,955  
     5,731  
     224 
  
    Total - SG&A 
    $14,286  
    $13,974  
    $312 

Higher
sales volume in pounds resulted in higher wages and bonus expenses in the second twelve weeks of the 2025 fiscal year compared to the
same period in the prior fiscal year. Vehicle repairs and maintenance decreased compared to the prior year mainly due to replacing aging
vehicles throughout the fiscal year. Healthcare costs have increased due to unfavorable claim trends. Product advertising decreased mainly
due to renegotiation of commission percentages with brokers. None of the changes individually or as a group of expenses in “Other
SG&A” were significant enough to merit separate disclosure. The major components comprising the increase of “Other SG&A”
expenses were higher allowances for doubtful accounts and higher travel expense partially offset by lower telephone expense.

Selling,
General and Administrative Expenses-Frozen Food Products Segment

SG&A
expenses in the Frozen Food Products segment decreased by $23 (0.7%) to $3,201 in the second twelve-week period of fiscal year 2025 compared
to the same twelve-week period in the prior fiscal year. The overall decrease in SG&A expenses was due to a decrease in product advertising,
including broker commission, partially offset by higher healthcare costs and hourly wages.

Selling,
General and Administrative Expenses-Snack Food Products Segment

SG&A
expenses in the Snack Food Products segment increased by $335 (3.1%) to $11,085 in the second twelve-week period of fiscal year 2025
compared to the same twelve-week period in the prior fiscal year. Most of the increase was due to higher wages and bonuses on increased
sales volume and higher healthcare expenses.

Income
Taxes-