----

----

| UNITED STATES                                                                                                                                                                                                                                              |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| SECURITIES AND EXCHANGE COMMISSION                                                                                                                                                                                                                         |
| Washington, D.C.  20549                                                                                                                                                                                                                          |
| FORM 10-Q                                                                                                                                                                                                                                                  |
| (Mark one)                                                                                                                                                                                                                                                 |
| [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF                                                                                                                                                                                                  |
| THE SECURITIES AND EXCHANGE ACT OF 1934                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| For the quarterly period ended January 21, 2011                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| OR                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| [   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF                                                                                                                                                                                  |
| THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| For the transition period from __________ to ___________.                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Commission file number                                     0-2396 |
|                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                       |
| BRIDGFORD FOODS CORPORATION                                                                                                                                                                                                                                |
| (Exact name of Registrant as specified in its charter)                                                                                                                                                                                                     |

| California                                 | 95-1778176                                     |
|--------------------------------------------|------------------------------------------------|
| (State or other jurisdiction of            |     (I.R.S. Employer       |
|   incorporation or organization) |     identification number) |

| 1308 N. Patt Street, Anaheim, CA  92801    |
|------------------------------------------------------|
| (Address of principal executive offices-Zip code)    |
|                                                 |
| 714-526-5533                                         |
| (Registrant's telephone number, including area code) |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                                         |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Yes   [ X ]                  No [   ]                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                                                                             |
| Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). |
| Yes   [   ]                  No [   ]                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                             |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.                                                                         |
| Large accelerated filer [   ]                                                            | Accelerated filer [   ] |
|---------------------------------------------------------------------------------------------------------|----------------------------------------|
| Non-accelerated filer [   ]   (Do not check if smaller reporting company) | Smaller reporting company [ X ]        |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the                                                             |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exchange Act).                                                                                                                                                |
| Yes   [   ]                  No [ X ] |
|                                                                                                                                                          |
| As of February 17, 2011 the registrant had 9,318,112 shares of common stock outstanding.                                                                      |

----

| BRIDGFORD FOODS CORPORATION                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------|
| FORM 10-Q QUARTERLY REPORT                                                                                                             |
| INDEX                                                                                                                                  |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| References to "Bridgford Foods" or the "Company" contained in this Quarterly Report on Form 10-Q refer to Bridgford Foods Corporation. |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Part I.  Financial Information                                                                                               |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Item 1.  Financial Statements                                                                                    |   |   |   |   |   |   |   |   | Page |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   | a. Condensed Consolidated Balance Sheets at January 21, 2011 (unaudited) and October 29, 2010 |  3 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   | b. Condensed Consolidated Statements of Operations for the twelve weeks ended January 21, 2011 and January 22, 2010 (unaudited) |  4 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   | c. Condensed Consolidated Statements of Cash Flows for the twelve weeks ended January 21, 2011 and January 22, 2010 (unaudited) |  5 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   | d. Notes to Condensed Consolidated Financial Statements (unaudited) |  6 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations                   | 10 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Item 3.  Quantitative and Qualitative Disclosures about Market Risk                                              | 16 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Item 4.  Controls and Procedures                                                                                 | 17 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Part II.  Other Information                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Item 1A.  Risk Factors                                                                                           | 18 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                             | 18 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Item 6.  Exhibits                                                                                                | 18 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Signatures                                                                                                                             | 19 |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Items 1, 3 and 5 of Part II have been omitted because they are not applicable with respect to the current reporting period.            |

----

| ASSETS                                                                                            |   | January 21, 2011 |        |   | October 29, 2010 |   |
|---------------------------------------------------------------------------------------------------|--------|------------------|-------------|--------|------------------|--------|
|                                                                                              |   | (Unaudited)      |        |   |             |   |
| Current assets:                                                                                   |   |             |        |   |             |   |
|                                                                                              |   |             |        |   |             |   |
|    Cash and cash equivalents                                                       |   | $                | 11,869      |   |             | $      | 15,686 |   |
|    Accounts receivable, less allowance for doubtful accounts of $210               |   |             |        |   |             |   |   |   |
|      and $80, respectively, and promotional allowances of $2,427         |   |             |        |   |             |   |   |   |
|      and $1,932, respectively                                            |   |             | 9,372       |   |             |   | 7,609 |   |
|    Inventories, less inventory reserves of $164 and $166, respectively (Note 2)    |   |             | 15,993      |   |             |   | 16,307 |   |
|    Prepaid expenses and other current assets                                       |   |             | 2,552       |   |             |   | 1,885 |   |
|                                                                                              |   |             |        |   |             |   |   |   |
|  Total current assets                                                                        |   |             | 39,786      |   |             |   | 41,487 |   |
|                                                                                              |   |             |        |   |             |   |   |   |
|   Property, plant and equipment, less accumulated depreciation of $56,300               |   |             |        |   |             |   |   |   |
|   and $56,007, respectively                                                             |   |             |  7,914 |   |             |   | 7,892  |   |
|   Other non-current assets                                                              |   |             | 11,541      |   |             |   | 11,144 |   |
|  Total Assets                                                                                |   | $                | 59,241      |   |             | $      | 60,523 |   |
|                                                                                              |   |             |        |   |             |   |   |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                                                              |   |             |        |   |             |   |   |   |
|                                                                                              |   |             |        |   |             |   |   |   |
| Current liabilities:                                                                              |   |             |        |   |             |   |   |   |
|                                                                                              |   |             |        |   |             |   |   |   |
|    Accounts payable                                                                |   | $                | 3,428       |   |             | $      | 3,364 |   |
|    Accrued payroll, advertising and other expenses                                 |   |             | 7,449       |   |             |   | 8,287 |   |
|                                                                                              |   |             |        |   |             |   |   |   |
|  Total current liabilities                                                                   |   |             | 10,877      |   |             |   | 11,651 |   |
|                                                                                              |   |             |        |   |             |   |   |   |
| Non-current liabilities                                                                           |   |             | 11,994      |   |             |   | 12,672 |   |
|                                                                                              |   |             |        |   |             |   |   |   |
|  Total liabilities                                                                           |   |             | 22,871      |   |             |   | 24,323 |   |
|                                                                                              |   |             |        |   |             |   |   |   |
|  Commitments and Contingencies (Note 3)                                                      |   |             |        |   |             |   |   |   |
| Shareholders' equity:                                                                             |   |             |        |   |             |   |   |   |
|    Preferred stock, without par value                                              |   |             |        |   |             |   |   |   |
|      Authorized - 1,000 shares                                           |   |             |        |   |             |   |   |   |
|      Issued and outstanding - none                                       |   |             |        |   |             |   |   |   |
|                                                                                              |   |             |        |   |             |   |   |   |
|    Common stock, $1.00 par value                                                   |   |             |        |   |             |   |   |   |
|      Authorized - 20,000 shares                                          |   |             |        |   |             |   |   |   |
|      Issued and outstanding – 9,322 and 9,328 shares, respectively |   |             | 9,379       |   |             |   | 9,385 |   |
|    Capital in excess of par value                                                  |   |             | 10,338      |   |             |   | 10,396 |   |
|    Retained earnings                                                               |   |             | 24,705      |   |             |   | 24,471 |   |
|    Accumulated other comprehensive loss                                            |   |             | (8,052      | )      |             |   | (8,052 | ) |
| Shareholders' Equity                                                                              |   |             | 36,370      |   |             |   | 36,200 |   |
| Liabilities and Shareholders' Equity                                                              |   | $                | 59,241      |   |             | $      | 60,523 |   |

----

|                                         |   | 12 Weeks ended   |   |
|----------------------------------------------|--------|------------------|--------|
|                                         |   | January 21, 2011 |   |   | January 22, 2010 |   |
|                                         |   |             |   |   |   |   |
| Net sales                                    |   | $                | 28,809 |   |   | $ | 29,248 |   |
| Cost of products sold                        |   |             | 19,000 |   |   |   | 17,077 |   |
|                                         |   |             |   |   |   |   |   |   |
| Gross margin                                 |   |             | 9,809  |   |   |   | 12,171 |   |
|                                         |   |             |   |   |   |   |   |   |
| Selling, general and administrative expenses |   |             | 9,040  |   |   |   | 10,411 |   |
|                                         |   |             |   |   |   |   |   |   |
| Income before taxes                          |   |             | 769    |   |   |   | 1,760 |   |
| Income tax (benefit) provision               |   |             | (397   | )  |   |   | 350 |   |
|                                         |   |             |   |   |   |   |   |   |
| Net income                                   |   | $                | 1,166  |   |   | $ | 1,410 |   |
|                                         |   |             |   |   |   |   |   |   |
|                                         |   |             |   |   |   |   |   |   |
| Net income per share                         |   | $                | 0.13   |   |   | $ | 0.15 |   |
|                                         |   |             |   |   |   |   |   |   |
| Weighted average common shares               |   |             | 9,324  |   |   |   | 9,344 |   |
|                                         |   |             |   |   |   |   |   |   |
|                                         |   |             |   |   |   |   |   |   |
| Cash dividends paid per share                |   | $                | 0.10   |   |   | $ | 0.10 |   |

----

|                                                                                          |   | 12 weeks ended   |   |
|-----------------------------------------------------------------------------------------------|--------|------------------|--------|
|                                                                                          |   | January 21, 2011 |   |   | January 22, 2010 |   |
| Cash flows from operating activities:                                                         |   |             |   |   |   |   |
|                                                                                          |   |             |   |   |   |   |
|   Net income                                                                        |   | $                | 1,166  |   |   | $ | 1,410 |   |
|                                                                                          |   |             |   |   |   |   |   |   |
|   Income or charges not affecting cash and cash equivalents:                        |   |             |   |   |   |   |   |   |
|     Depreciation                                                          |   |             | 456    |   |   |   | 559 |   |
|     Losses (recoveries) on accounts receivable                            |   |             | 129    |   |   |   | (31 | ) |
|     Gain on sale of property, plant and equipment                         |   |             | (12    | ) |   |   | (3 | ) |
| Effect on cash and cash equivalents from changes in operating assets and liabilities:         |   |             |   |   |   |
|     Accounts receivable                                                   |   |             | (1,892 | ) |   |   | 1,133 |   |
|     Inventories                                                           |   |             | 314    |   |   |   | 1,122 |   |
|     Prepaid expenses and other current assets                             |   |             | (667   | )  |   |   | 180 |   |
|     Other non-current assets                                              |   |             | (397   | ) |   |   | (145 | ) |
|     Accounts payable                                                      |   |             | 64     |   |   |   | (1,034 | ) |
|     Accrued payroll, advertising and other expenses                       |   |             | (838   | ) |   |   | (386 | ) |
|     Non-current liabilities                                               |   |             | (678   | ) |   |   | (175 | ) |
|                                                                                          |   |             |   |   |   |   |   |   |
|        Net cash (used in) provided by operating activities |   |             | (2,355 | )  |   |   | 2,630 |   |
|                                                                                          |   |             |   |   |   |   |   |   |
| Cash used in investing activities:                                                            |   |             |   |   |   |   |   |   |
|      Proceeds from sale of property, plant and equipment             |   |             | 12     |   |   |   | 3 |   |
|      Additions to property, plant and equipment                      |   |             | (478   | ) |   |   | (401 | ) |
|                                                                                          |   |             |   |   |   |   |   |   |
|        Net cash used in investing activities                    |   |             | (466   | ) |   |   | (398 | ) |
|                                                                                          |   |             |   |   |   |   |   |   |
| Cash used in financing activities:                                                            |   |             |   |   |   |   |   |   |
|      Shares repurchased                                              |   |             | (64    | ) |   |   | (145 | ) |
|      Cash dividends paid                                             |   |             | (932   | ) |   |   | (933 | )  |
|                                                                                          |   |             |   |   |   |   |   |   |
|       Net cash used in financing activities                          |   |             | (996   | ) |   |   | (1,078 | ) |
|                                                                                          |   |             |   |   |   |   |   |   |
| Net (decrease) increase in cash and cash equivalents                                          |   |             | (3,817 | )  |   |   | 1,154 |   |
|                                                                                          |   |             |   |   |   |   |   |   |
| Cash and cash equivalents at beginning of period                                              |   |             | 15,686 |   |   |   | 13,911 |   |
|                                                                                          |   |             |   |   |   |   |   |   |
| Cash and cash equivalents at end of period                                                    |   | $                | 11,869 |   |   | $ | 15,065 |   |
|                                                                                          |   |             |   |   |   |   |   |   |
| Cash paid for income taxes                                                                    |   | $                | 51     |   |   |   | 268 |   |

----

| NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (in thousands, except percentages, share and per share amounts)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| Note 1 - Summary of Significant Accounting Policies:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |
| The unaudited consolidated condensed financial statements of Bridgford Foods Corporation (the "Company", "we", "our", "us") for the twelve weeks ended January 21, 2011 and January 22, 2010 have been prepared in conformity with the accounting principles described in the Company's Annual Report on Form 10-K for the fiscal year ended October 29, 2010 (the "Annual Report") and include all adjustments considered necessary by management for a fair presentation of the interim periods.  This report should be read in conjunction with the Annual Report. Due to seasonality and other factors, interim results are not necessarily indicative of the results for the full year.  New accounting pronouncements and their effect on the Company are discussed in Management's Discussion and Analysis of Financial Condition and Results of Operations in this Form 10-Q.                                                                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| The October 29, 2010 balance sheet within these interim condensed consolidated financial statements was derived from the audited fiscal 2010 financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported revenues and expenses during the reporting periods. Actual results may vary from these estimates.  Some of the estimates needed to be made by management include the allowance for doubtful accounts, promotional and returns allowances, inventory reserves and the estimated useful lives of property and equipment, and the valuation allowance for the Company’s deferred tax assets. Actual results could materially differ from these estimates. Amounts estimated related to liabilities for self-insured workers’ compensation, employee healthcare and pension benefits are especially subject to inherent uncertainties and these estimated liabilities may ultimately settle at amounts which vary from our current estimates. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Financial instruments that subject the Company to credit risk consist primarily of cash and cash equivalents, accounts receivable, accounts payable and accrued payroll, advertising and other expenses.  The carrying amount of these instruments approximate fair market value due to the short maturity of these instruments.  At January 21, 2011, the Company had accounts in excess of the Federal Deposit Insurance Corporation insurance coverage limit.The Company has not experienced any losses in these accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents.  The Company issues credit to a significant number of customers that are diversified over a wide geographic area.  The Company monitors the payment histories of its customers and maintains an allowance for doubtful accounts which is reviewed for adequacy on a quarterly basis.  The Company does not require collateral from its customers.                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| For the twelve weeks ended January 21, 2011, no customer accounted for more than 10% of consolidated revenues.  For the twelve weeks ended January 22, 2010, Wal-Mart® accounted for 12.6% of consolidated revenues and 19.2% of consolidated accounts receivable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| On November 10, 2010, Bridgford Foods Corporation issued a press release announcing that its Board of Directors had approved a one-time cash dividend of $0.10 per share of common stock which was distributed on December 20, 2010 to shareholders of record on November 23, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

----

| Note 2 - Inventories:                                                     |
|---------------------------------------------------------------------------|
|                                                                      |   |   |   |   |   |   |
| Inventories are comprised of the following at the respective period ends: |   |
|                                                                      |   |   |   |   |   |   |

|                     |   | (unaudited)      |   |   |             |   |
|--------------------------|--------|------------------|--------|--------|------------------|--------|
|                     |   | January 21, 2011 |   |   | October 29, 2010 |   |
| Meat, ingredients        |   |             |   |   |             |   |
|   and supplies |   | $                | 4,619  |   |             | $      | 3,155 |   |
| Work in progress         |   |             | 883    |   |             |   | 1,192 |   |
| Finished goods           |   |             | 10,491 |   |             |   | 11,960 |   |
|                     |   | $                | 15,993 |   |             | $      | 16,307 |   |

| Inventories are valued at the lower of cost (which approximates actual cost on a first-in, first-out basis) or market. Costs related to warehousing, transportation and distribution to customers are considered when computing market value. Inventories include the cost of ingredients, labor and manufacturing overhead. We regularly review inventory quantities on hand and write down any excess or obsolete inventories to estimated net realizable value. An inventory reserve is created when potentially slow-moving or obsolete inventories are identified in order to reflect the appropriate inventory value. Changes in economic conditions, production requirements, and lower than expected customer demand could result in additional obsolete or slow-moving inventory that cannot be sold or may need to be sold at reduced prices and could result in additional reserve provisions. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note 3 - Commitments and Contingencies:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |
| The Company leases certain transportation equipment under operating leases.  The terms of the transportation leases provide for renewal options and contingent rental payments based upon mileage and adjustments of rental payments based on the Consumer Price Index.  The Company also leases warehouse and/or office facilities throughout the United States and Canada through month-to-month rental agreements.  No material changes have been made to these agreements during the first twelve weeks of fiscal 2011. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| The Company is involved in various claims and legal actions arising in the ordinary course of business.  In the opinion of management, the ultimate disposition of these matters is not expected to have a material adverse effect on the Company’s consolidated financial position or results of operations.                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |
| The Company purchases bulk flour under short-term fixed price contracts during the normal course of business. Under these arrangements, the Company is obligated to purchase specific quantities at fixed prices, within the specified contract period.  These contracts provide for automatic price increases if agreed quantities are not purchased within the specified contract period. No significant contracts remained unfulfilled at January 21, 2011.                                                                             |

----

| Note 4 - Segment Information:                                                                                                                                                                                                                                                                                                                                     |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |
| The Company has two reportable operating segments, Frozen Food Products (the processing and distribution of frozen products) and Refrigerated and Snack Food Products (the processing and distribution of refrigerated meat and other convenience foods).                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                              |
| We evaluate each segment's performance based on revenues and operating income. Selling, general and administrative expenses include corporate accounting, information systems, human resource management and marketing, which are managed at the corporate level. These activities are allocated to each operating segment based on revenues and/or actual usage. |
|                                                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |
| The following segment information is presented for the twelve weeks ended January 21, 2011 and January 22, 2010.                                                                                                                                                                                                                                                  |

|                                         |   |        |   |    | Refrigerated |         |   |   |   |   |        |    |   |   |   |
|----------------------------------------------|--------|-------------|--------|---------|--------------|--------------|--------|--------|--------|--------|-------------|---------|--------|--------|--------|
|                                         |   |        |   |    | and          |         |   |   |   |   |        |    |   |   |   |
| Twelve Weeks Ended                           |   | Frozen Food |   |    | Snack Food   |         |   |   |   |   |        |    |   |   |   |
| January 21, 2011                             |   | Products    |   |    | Products     |         |   | Other  |   |   | Elimination |    |   | Totals |   |
| Sales to external customers                  |   | $           | 13,997 |    |         | $            | 14,812 |   |   | $      | -           |    |   | $      | -      |   |   | $ | 28,809 |   |
| Intersegment sales                           |   |        | -      |    |         |         | 218    |   |   |   | -           |    |   |   | 218    |   |   |   | - |   |
| Net sales                                    |   |        | 13,997 |    |         |         | 15,030 |   |   |   | -           |    |   |   | 218    |   |   |   | 28,809 |   |
| Cost of products sold                        |   |        | 8,166  |    |         |         | 11,052 |   |   |   | -           |    |   |   | 218    |   |   |   | 19,000 |   |
| Gross margin                                 |   |        | 5,831  |    |         |         | 3,978  |   |   |   | -           |    |   |   | -      |   |   |   | 9,809 |   |
| Selling, general and administrative expenses |   |        | 3,885  |    |         |         | 5,179  |   |   |   | (24         | )  |   |   | -      |   |   |   | 9,040 |   |
| Income (loss) before taxes                   |   |        | 1,946  |    |         |         | (1,201 | )      |   |   | 24          |    |   |   | -      |   |   |   | 769 |   |
| Income tax (benefit) provision               |   |        | (1,009 | )  |         |         | 612    |   |   |   | -           |    |   |   | -      |   |   |   | (397 | )  |
| Net income (loss)                            |   | $           | 2,955  |    |         | $            | (1,813 | )      |   | $      | 24          |    |   | $      | -      |   |   | $ | 1,166 |   |
|                                         |   |        |   |    |         |         |   |   |   |   |        |    |   |   |   |   |   |   |   |   |
| Total assets                                 |   | $           | 11,627 |    |         | $            | 22,218 |   |   | $      | 25,396      |    |   | $      | -      |   |   | $ | 59,241 |   |
| Additions to property, plant and equipment   |   | $           | 94     |    |         | $            | 384    |   |   | $      | -           |    |   | $      | -      |   |   | $ | 478 |   |
|                                         |   |        |   |    |         |         |   |   |   |   |        |    |   |   |   |   |   |   |   |   |
|                                         |   |        |   |    |         |         |   |   |   |   |        |    |   |   |   |   |   |   |   |   |
|                                         |   |        |   |    |         | Refrigerated |   |   |   |   |        |    |   |   |   |   |   |   |   |
|                                         |   |        |   |    |         | and          |   |   |   |   |        |    |   |   |   |   |   |   |   |
| Twelve Weeks Ended                           |   | Frozen Food |   |    | Snack Food   |         |   |   |   |   |        |    |   |   |   |   |   |   |
| January 22, 2010                             |   | Products    |   |    | Products     |         |   | Other  |   |   | Elimination |    |   | Totals |   |
| Sales to external customers                  |   | $           | 12,227 |    |         | $            | 17,021 |   |   | $      | -           |    |   | $      | -      |   |   | $ | 29,248 |   |
| Intersegment sales                           |   |        | -      |    |         |         | 248    |   |   |   | -           |    |   |   | 248    |   |   |   | - |   |
| Net sales                                    |   |        | 12,227 |    |         |         | 17,269 |   |   |   | -           |    |   |   | 248    |   |   |   | 29,248 |   |
| Cost of products sold                        |   |        | 7,584  |    |         |         | 9,741  |   |   |   | -           |    |   |   | 248    |   |   |   | 17,077 |   |
| Gross margin                                 |   |        | 4,643  |    |         |         | 7,528  |   |   |   | -           |    |   |   | -      |   |   |   | 12,171 |   |
| Selling, general and administrative expenses |   |        | 3,728  |    |         |         | 6,644  |   |   |   | 39          |    |   |   | -      |   |   |   | 10,411 |   |
| Income (loss) before taxes                   |   |        | 915    |    |         |         | 884    |   |   |   | (39         | )       |   |   | -      |   |   |   | 1,760 |   |
| Income tax provision                         |   |        | 179    |    |         |         | 171    |   |   |   | -           |    |   |   | -      |   |   |   | 350 |   |
| Net income (loss)                            |   | $           | 736    |    |         | $            | 713    |   |   | $      | (39         | )       |   | $      | -      |   |   | $ | 1,410 |   |
|                                         |   |        |   |    |         |         |   |   |   |   |        |    |   |   |   |   |   |   |   |   |
| Total assets                                 |   | $           | 10,160 |    |         | $            | 21,420 |   |   | $      | 26,056      |    |   | $      | -      |   |   | $ | 57,636 |   |
| Additions to property, plant and equipment   |   | $           | 130    |    |         | $            | 283    |   |   | $      | (12         | )       |   | $      | -      |   |   | $ | 401 |   |

----

| Note 5 – Income Taxes: |   |
|------------------------------|--------|

| Effective tax rate and provision (benefit) |   | %      |   |   | $      |   |
|--------------------------------------------|--------|--------|--------|--------|--------|--------|
| Estimated state tax minimum payments       |   |   | 27.3%  |   |   | $      | 210 |   |
| Estimated refund from NOL carryback        |   |   | -76.4% |   |   |   | (588 | ) |
| R&D tax credit                         |   |   | -2.5%  |   |   |   | (19 | ) |
| Total effective tax rate and tax benefit   |   |   | -51.6% |   |   | $      | (397 | ) |

| Management is required to evaluate whether a valuation allowance should be established against its deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. Realization of deferred tax assets is dependent upon taxable income in prior carryback years, estimates of future taxable income, tax planning strategies, and reversals of existing taxable temporary differences.  Management reevaluated the need for a full valuation allowance at January 21, 2011 based on both positive and negative evidence.  The weight of negative factors and level of economic uncertainty in our current business continued to support the conclusion that the realization of its deferred tax assets does not meet the more likely than not standard.  Therefore, a full valuation allowance remained against the net deferred tax assets as of January 21, 2011. Management will continue to periodically reevaluate the valuation allowance and, to the extent that conditions change, some or all of such valuation allowance could be reversed in future periods.  The Company has established objective criteria that must be met before a release of the valuation allowance will occur. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| During the year ended October 29, 2010, the Internal Revenue Service settled its audit of our U.S. federal income tax returns for fiscal years ended November 1, 2002, October 31, 2003, November 3, 2006 and November 2, 2007. This settlement resulted in the reversal of $35 of unrecognized tax benefits associated with R&D credits we reported, which increased our tax expense by $5.  Our federal income tax returns are open to audit under the statute of limitations for the fiscal years ended October 31, 2008 through October 29, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| We are subject to income tax in California and various other state taxing jurisdictions. Our state income tax returns are open to audit under the statute of limitations for the fiscal years ended October 30, 2006 through October 29, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| We do not anticipate a significant change to the total amount of unrecognized tax benefits within the next 12 months.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

----

----

----

| Impact on Net Sales-Consolidated |   | %      |   |   | $      |   |
|----------------------------------|--------|--------|--------|--------|--------|--------|
| Selling price per pound          |   |   | 2.7%   |   |   | $      | 865 |   |
| Unit sales volume in pounds      |   |   | -6.2%  |   |   |   | (2,011 | ) |
| Promotional activity             |   |   | 1.8%   |   |   |   | 642 |   |
| Returns activity                 |   |   | 0.2%   |   |   |   | 65 |   |
| Decrease in net sales            |   |   | -1.5%  |   |   | $      | (439 | ) |

| Impact on Net Sales-Frozen Food Products |   | %      |   |   | $      |   |
|------------------------------------------|--------|--------|--------|--------|--------|--------|
| Selling price per pound                  |   |   | 5.7%   |   |   | $      | 800 |   |
| Unit sales volume in pounds              |   |   | 3.6%   |   |   |   | 506 |   |
| Promotional activity                     |   |   | 5.1%   |   |   |   | 455 |   |
| Returns activity                         |   |   | 0.1%   |   |   |   | 9 |   |
| Increase in net sales                    |   |   | 14.5%  |   |   | $      | 1,770 |   |

----

| Impact on Net Sales-Refrigerated and Snack Food |   | %      |   |   | $      |   |
|-------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Selling price per pound                         |   |   | 0.4%   |   |   | $      | 65 |   |
| Unit sales volume in pounds                     |   |   | -13.6% |   |   |   | (2,517 | ) |
| Promotional activity                            |   |   | 0.7%   |   |   |   | 187 |   |
| Returns activity                                |   |   | -0.5%  |   |   |   | 56 |   |
| Decrease in net sales                           |   |   | -13.0% |   |   | $      | (2,209 | ) |

|                                       |   | 12 Weeks Ended   |   |   | Expense/Gain     |   |
|--------------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                       |   | January 21, 2011 |   |   | January 22, 2010 |   |   | Increase (Decrease) |   |
| Wages and bonus                            |   | $                | 3,623  |   |             | $      | 4,235 |   |   | $ | (612 | ) |
| Fuel                                       |   |             | 1,106  |   |             |   | 1,374 |   |   |   | (268 | ) |
| Cash surrender value gain                  |   |             | (396   | )      |             |   | (147 | ) |   |   | (249 | ) |
| Repairs & maintenance                  |   |             | 591    |   |             |   | 816 |   |   |   | (225 | ) |
| Losses (recoveries) on accounts receivable |   |             | 129    |   |             |   | (31 | ) |   |   | 160 |   |
| Depreciation                               |   |             | 42     |   |             |   | 169 |   |   |   | (127 | ) |
| Workers’ compensation                |   |             | 197    |   |             |   | 322 |   |   |   | (125 | ) |
| Other SG&A combined                    |   |             | 3,748  |   |             |   | 3,673 |   |   |   | 75 |   |
| Total                                      |   |  $          | 9,040  |   |             | $      | 10,411 |   |   | $ | (1,371 | ) |

----

|                           |   | January 21, 2011 |   |    | January 22, 2010 |   |
|--------------------------------|--------|------------------|--------|---------|------------------|--------|
| Income tax (benefit) provision |   | $                | (397   | )  |             | $      | 350 |   |
|                           |   |             |   |    |             |   |   |   |
| Effective tax rate             |   |             | -51.6  | %       |             |   | 19.9 | % |

| Effective tax rate and provision (benefit)           |   | %      |   |   | $      |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Estimated state tax minimum payments                 |   |   | 27.3%  |   |   | $      | 210 |   |
| Estimated refund from NOL carryback                  |   |   | -76.4% |   |   |   | (588 | ) |
| R&D tax credit                                   |   |   | -2.5%  |   |   |   | (19 | ) |
| Total effective tax rate and tax provision (benefit) |   |   | -51.6% |   |   | $      | (397 | ) |

----

|                                                                              |   |             |   |   |             |   |
|-----------------------------------------------------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                                                              |   | January 21, 2011 |   |   | January 22, 2010 |   |
|                                                                              |   |             |   |   |             |   |
| Net income                                                                        |   | $                | 1,166  |   |             | $      | 1,410 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |             |   |   |             |   |   |   |
| Depreciation                                                                      |   |             | 456    |   |             |   | 559 |   |
| Losses (provision) on accounts receivable                                    |   |             | 129    |   |             |   | (31 | )  |
| Gain on sale of property, plant and equipment                                     |   |             | (12    | )      |             |   | (3 | ) |
| Changes in operating working capital                                              |   |             | (4,094 | )      |             |   | 695 |   |
| Net cash (used in) provided by operating activities                               |   | $                | (2,355 | )      |             | $      | 2,630 |   |

|                                                |   | January 21, 2011 |   |   | January 22, 2010 |   |
|-----------------------------------------------------|--------|------------------|--------|--------|------------------|--------|
| Proceeds from sale of property, plant and equipment |   | $                | 12     |   |             | $      | 3 |   |
| Additions to property, plant and equipment          |   |             | (478   | )      |             |   | (401 | ) |
| Net cash used in investing activities               |   | $                | (466   | )      |             | $      | (398 | ) |

----

|                                       |   | January 21, 2011 |   |
|--------------------------------------------|--------|------------------|--------|
| Increase in projects in process            |   | $                | 338    |   |
| Delivery vehicles                          |   |             | 29     |   |
| Processing equipment                       |   |             | 88     |   |
| Temperature control                        |   |             | 6      |   |
| Packaging lines                            |   |             | 17     |   |
| Additions to property, plant and equipment |   | $                | 478    |   |

|                                  |   | January 21, 2011 |   |   | January 22, 2010 |   |
|---------------------------------------|--------|------------------|--------|--------|------------------|--------|
| Shares repurchased                    |   | $                | (64    | )      |             | $      | (145 | ) |
| Cash dividends paid                   |   |             | (932   | )      |             |   |  (933 | )  |
| Net cash used in financing activities |   | $                | (996   | )      |             | $      | (1,078 | ) |

----

----

| ISSUER PURCHASES OF EQUITY SECURITIES |
|---------------------------------------|

| Period (1)                                                    |   | Total Number ofShares Purchased |   |   | Average PricePaid Per Share |   |   | Total Number of SharesPurchased as Partof Publicly AnnouncedPlans or Programs (2) |   |   | Maximum Number ofShares that May YetBe Purchased Underthe Plans or Programs (2) |   |
|---------------------------------------------------------------|--------|---------------------------------|--------|--------|-----------------------------|--------|--------|-----------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------|--------|
|    October 30, 2010 – November 26, 2010  |   |                            | 5,084  |   |                        | $      | 11.87  |                                                                              |   |   | 5,084                                                                           |   |   |   | 366,059 |   |
|    November 27, 2010 – December 24, 2010 |   |                            |   |   |                        |   |   |                                                                              |   |   |                                                                            |   |   |   | 366,059 |   |
|    December 25, 2010 – January 21, 2011  |   |                            | 242    |   |                        | $      | 12.00  |                                                                              |   |   | 242                                                                             |   |   |   | 365,817 |   |
|    Total                                       |   |                            | 5,326  |   |                        | $      | 11.87  |                                                                              |   |   | 5,326                                                                           |   |   |   |   |   |

|   | (1) | The periods shown are the fiscal periods during the twelve-week quarter ended January 21, 2011. |
|--------|-----|-------------------------------------------------------------------------------------------------|

|   | (2) | Repurchases reflected in the foregoing table were made on the open market.  Our stock repurchase program was approved by the Board of Directors in November 1999 (1,500,000 shares authorized, disclosed in a Form 10-K filed on January 26, 2000) and was expanded in June 2005 (500,000 additional shares authorized, disclosed in a press release and Form 8-K filed on June 17, 2005).  Under the stock repurchase program, we are authorized, at the discretion of our management and the Board of Directors, to purchase up to an aggregate of 2,000,000 shares of our common stock on the open market.  Our Stock Purchase Plan (“Purchase Plan”) is administered by Citigroup Global Markets Inc. (“CGM”) for purchase of shares of our common stock in compliance with the requirements of Rule 10b5-1 under the Exchange Act.  Commencing on October 14, 2009 and continuing through and including October 13, 2010, CGM shall act as our exclusive agent to purchase shares of our common stock under the Purchase Plan.  This Purchase Plan supplements any purchases of stock by us “outside” of the Purchase Plan, which may occur from time to time, in open market transactions pursuant to Rule 10b-18 of the Exchange Act or in privately-negotiated transactions.  As of January 21, 2011, the total maximum number of shares that may be purchased under the Purchase Plan is 365,817 at a purchase price not to exceed $12.00 per share at a total maximum aggregate price (exclusive of commission) of $4,389,804. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Exhibit No. | Description                                                                                                            |
|--------|-------------|------------------------------------------------------------------------------------------------------------------------|
|   |        |                                                                                                                   |
|   | 31.1        | Certification of Chairman (Principal Executive Officer), as required by Section 302 of the Sarbanes-Oxley Act of 2002. |

|   | 31.2 | Certification of Chief Financial Officer (Principal Financial and Accounting Officer), as required by Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification of Chairman (Principal Executive Officer), as required by Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification of Chief Financial Officer (Principal Financial and Accounting Officer), as required by Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                   | BRIDGFORD FOODS CORPORATION |                                                                        |
|----------------------------------------|-----------------------------|-----------------------------------------------------------------------------|
|                                   |                        | (Registrant)                                                                |   |
|                                   |                        |                                                                        |   |
| Dated: March 7, 2011    | By:                         | /s/ Raymond F. Lancy                                                   |   |
|                                   |                        | Raymond F. Lancy                                                            |   |
|                                   |                        | Chief Financial Officer                                                     |   |
|                                   |                        | (Duly Authorized Officer, Principal Financial and Accounting Officer)  |   |