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

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1
Chunk 10
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 use their shelf space for
their own private label products. Failure to respond to these trends could reduce our volume and cause us to lower prices or increase
promotional spending for our product lines, which could adversely affect our profitability.

Labor shortages and increased
turnover or increases in employee and employee-related costs could have adverse effects on our profitability.

We have historically experienced
some level of ordinary course of business turnover of employees. A number of factors have had and may continue to have adverse effects
on the labor force available to us, including reduced employment pools, federal unemployment subsidies, and other government regulations,
which include laws and regulations related to workers’ health and safety, wage and hour practices and immigration. Labor shortages
and increased turnover rates within our team members have led to and could in the future lead to increased costs, such as increased overtime
to meet demand and increased wage rates to attract and retain employees and could negatively affect our ability to efficiently operate
our production facilities or otherwise operate at full capacity. An overall or prolonged labor shortage, lack of skilled labor, increased
turnover or labor inflation could have a material adverse impact on our operations, results of operations, liquidity, or cash flows. 	

Disputes with labor unions
could have an adverse impact on our operations and financial results.

As of November 1, 2024, approximately
278 of our employees were covered by collective bargaining agreements. We depend on the availability of, and good relations with, our
teams’ members. If we fail to maintain good relations, we may experience strikes or work stoppages, which could have a material
adverse impact on our operations, results of operations, liquidity, or cash flows.  

Our business and reputation
could suffer if we experience security breaches and other disruptions to our information technology infrastructure. 

We are dependent on information
technology systems, some of which are managed by third-parties, to process, transmit, and store electronic information and to manage or
support a variety of business processes and activities, including distribution, invoicing, and collection of payment. We also collect
and store confidential data from our customers and suppliers in data centers, which are owned by third parties and maintained on their
information technology networks. These complex systems are an important part of ongoing operations. Any failure of these systems could
disrupt our operations and could have a material adverse effect on our business, results of operations, and financial condition. Further,
despite our internal controls and security measures, there can be no assurance that we will