Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 248

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 2
Chunk 248
---
 costs, including meat and flour costs, have and may continue to fluctuate due to both political and
economic conditions, including the ongoing conflict between Ukraine and Russia. Despite higher commodity costs like we experienced in
fiscal year 2024, we may not be able to increase our product prices in a timely manner or sufficiently to offset such increased commodity
or other costs due to consumer price sensitivity, pricing in relation to competitors and the reluctance of retailers to accept a price
increase. Instances of higher interest rates, general price inflation or deflation, raw materials costs, labor shortages or supply chain
issues could adversely affect the Company’s financial results and its liquidity. Higher product prices and promotions could potentially
lower demand for our product and decrease volume. Management believes there are various options available to generate additional liquidity
to repay debt or fund operations such as mortgaging real estate, should that be necessary. Our ability to increase liquidity will depend
upon, among other things, our business plans and the performance of operating divisions and economic conditions of capital markets. If
we are unable to increase liquidity through mortgaging real estate or additional borrowing, or generate positive cash flow necessary to
fund operations, we may not be able to compete successfully, which could negatively impact our business, operations, and financial condition.
With the cash expected to be generated from the Company’s operations, we anticipate that we will maintain sufficient liquidity or
exercise a portion of the line of credit to operate our business for at least the next twelve months. We will continue to monitor the
impact of inflation and interest rate volatility on our liquidity and, if necessary, take action to preserve liquidity and ensure that
our business can operate during these uncertain times.

 14 

Cash flows (used in) provided by operating
activities: 

    November 1, 2024  (52 Weeks)   
    November 3, 2023  (53 Weeks)  

    Net (loss) income 
    $(3,381) 
    $3,474 
  
    Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: 

    Depreciation and amortization 
     6,540  
     6,558 
  
    (Recoveries on) provision for losses on accounts receivable 
     (126) 
     147 
  
    Provision for (reduction in) promotional allowances 
     307  
     (679)
  
    Loss on sale of