Company: BRID
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001493152-25-012266
Chunk: 73

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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 that impact health benefits in the future. These changes most prominently
focus on the impact of surprise balance bills from out-of-network providers. Our health care plans as they exist in 2025 are compliant
with all applicable regulations that currently exist. As we look to the future, we anticipate that future legislative action will impact
the plans offered to active and retired participants. As we have done in the past, our executive team will continue to assess the accounting
implications of the PPACA and potential future legislation to determine the impact on our financial position and results of operations.
The potential future effects and cost of complying with the legislative changes are not currently determinable.

Customer
Concentration > 20% of AR or >10% of Sales

The
table below shows customers that accounted for more than 20% of consolidated accounts receivable (“AR”) or 10% of consolidated
sales for the thirty-six weeks ended July 11, 2025, and July 12, 2024, respectively.

    Walmart  
    Dollar
    General 

    Sales  
    AR  
    Sales  
    AR 
  
    July 11, 2025 
     31.4% 
     21.6% 
     14.2% 
     26.4%
  
    July 12, 2024 
     27.0% 
     27.1% 
     14.8% 
     22.7%

The
table below shows customers that accounted for more than 20% of consolidated AR or 10% of consolidated sales for the twelve weeks ended
July 11, 2025, and July 12, 2024, respectively.

    Walmart  
    Dollar
    General 

    Sales  
    AR  
    Sales  
    AR 
  
    July 11, 2025 
     34.8% 
     21.6% 
     14.5% 
     26.4%
  
    July 12, 2024 
     24.1% 
     27.1% 
     15.3% 
     22.7%

Revenue
Recognition

Revenues
are recognized in accordance with ASC 606 – Revenue from Contracts with Customers upon passage of title to the customer,
typically upon product pick-up, shipment, or delivery to customers. Products are delivered to customers primarily through common carrier,
or through a Company owned direct