BRID
Bridgford Foods Corporation8.16
-0.22-2.63%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
74.07MP/E (TTM)
-Basic EPS (TTM)
-0.80Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Bridgford Foods posted Q1 FY2026 net sales of $55.3M, up 5.3% y/y from $52.5M, driven by 10.8% higher selling prices per pound despite 6.3% lower volume; gross margin slipped to 24.2% from 24.5%. Operating loss narrowed to $1.2M from $2.0M y/y, while net loss improved to $0.8M or $(0.09) per share from $1.1M or $(0.12), reconciled to 9,076,832 diluted shares. Cash jumped to $4.8M from $0.9M q/q on $4.3M operating cash flow, beating prior year's $(4.6M) use. Total debt stood at $3.5M including $2.0M revolver (net income covenant waived). Frozen turned profitable at $0.7M operating income. Snack sales hit 74% of total. Commodity price swings threaten margins.
10-K
FY2025 results
Bridgford Foods posted FY2025 net sales up 3.3% to higher levels, driven by 4.7% snack food growth from price hikes amid private-label demand, yet frozen foods dipped 0.6% on volume woes and freezer repairs. Gross margins cratered to 19.3% from 25.2% as meat costs surged 14.2% in snacks, fueling a $13.4M net loss versus $3.4M prior year. SG&A edged up 1.6% but advertising fell. Q4 momentum lacked detail, but ops cash burned $5.7M amid inventory builds. Debt sits at $3.8M with $5.5M revolver room, post-covenant waiver. No buybacks. Commodity volatility threatens margins.
10-Q
Q3 FY2025 results
Bridgford Foods posted Q3 sales of $52M, up 5.5% y/y yet flat q/q (derived), driven by snack foods ($41M, +9%) while frozen dipped 6%. Gross margin slipped to 20.5% from 22.8% y/y on meat costs up ~$1.7M; operating loss widened to $3.9M from $3.4M, net loss narrowed to $1.6M ($0.18/share) versus $1.8M ($0.20/share) thanks to $1.4M cash surrender value gain. YTD sales rose 2.5% to $155M, but operating loss tripled to $9.1M and cash burned $5.6M on inventory builds. Cash sits at $3.4M with $2M revolver draw (of $7.5M available to 2026) and $4.1M total debt; covenants met. Walmart and Dollar General took 49% of Q3 sales. Commodity swings threaten margins.
10-Q
Q2 FY2025 results
Bridgford Foods posted Q2 FY2025 net sales of $50.6M, up 7.0% y/y from $47.3M, driven by snack food gains while frozen foods edged ahead 3.2% y/y; yet gross margin slipped to 21.9% from 22.7% on meat commodity spikes. Operating loss narrowed slightly to $3.2M from $3.2M y/y, but net loss widened to $3.9M from $2.2M due to $1.5M cash surrender value loss. YTD sales rose 1.0% y/y to $103.2M, operating loss deepened to $5.2M from $2.2M, with net loss at $5.0M versus $1.0M. Cash dropped to $2.3M after $5.4M operating outflow; $2.3M equipment debt due 2027, $7.5M revolver available despite covenant waiver. Walmart and Dollar General took 44% of Q2 sales. Commodity volatility bites hard.
8-K
Shareholders reject privatization
Bridgford Foods held its annual shareholder meeting on March 19, 2025, with 94% turnout. All eight director nominees sailed through election, while Baker Tilly US, LLP locked in as auditors for fiscal 2025 with overwhelming support. Shareholder push to take the company private tanked, 690K for versus 7.6M against. Board stays firmly in control.
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