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Bridgford Foods Corporation  (BRID)
Other Ticker:  
 
 
Price: $10.7500 $-0.09 -0.830%
Day's High: $10.76 Week Perf: 3.86 %
Day's Low: $ 10.75 30 Day Perf: -0.46 %
Volume (M): 1 52 Wk High: $ 14.51
Volume (M$): $ 8 52 Wk Avg: $11.47
Open: $10.76 52 Wk Low: $10.03



 Market Capitalization (Millions $) 98
 Shares Outstanding (Millions) 9
 Employees 507
 Revenues (TTM) (Millions $) 244
 Net Income (TTM) (Millions $) 4
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 4

Bridgford Foods Corporation

Bridgford Foods Corporation, a California corporation, was organized in 1952. We originally began operations in 1932 as a retail meat market in San Diego, California and evolved into a meat wholesaler for hotels and restaurants, a distributor of frozen food products, a processor and packer of meat, and a manufacturer and distributor of frozen food products for sale on a retail and wholesale basis. For more than the past five years we and our subsidiaries have been primarily engaged in the manufacturing, marketing and distribution of an extensive line of frozen and snack food products throughout the United States. Bridgford Foods Corporation has not been involved in any bankruptcy, receivership, or similar proceedings since inception nor have we been party to any merger, acquisition, etc. or acquired or disposed of any material amounts of assets during the past five years. Substantially all of our assets have been acquired in the ordinary course of business.


Our products are delivered to customers using several distinct distribution channels. The distribution channel utilized is dependent upon the needs of our customers, the most efficient proximity to the delivery point, trade customs, operating segment as well as product type, life and stability. Among our customers are many of the country’s largest broadline and specialty food service distributors. These and other large end purchasers occasionally go through extensive qualification procedures and our manufacturing capabilities are subjected to thorough review by the end purchasers prior to our approval as a vendor. Large end purchasers typically select suppliers that can consistently meet increased volume requirements on a national basis during peak promotional periods. We believe that our manufacturing flexibility, national presence, and long-standing customer relationships should allow us to compete effectively with other manufacturers seeking to provide similar products to our current large food service end purchasers, although no assurances can be given.

The factors that contribute to higher or lower margins generated from each method of distribution depend upon the accepted selling price, level of involvement by our employees in setting up and maintaining displays, distance traveled and fuel consumed by our company-owned fleet as well as freight and shipping costs depending on the distance the product travels to the delivery point. Management is continually evaluating the profitability of product delivery methods, analyzing alternate methods and weighing economic inputs to determine the most efficient and cost effective method of delivery to fulfill the needs of our customers.

We continually monitor the consumer acceptance of each product within our extensive product line. Individual products are regularly added to and deleted from our product line. Historically, the addition or deletion of any individual product has not had a material effect on our operations in the current fiscal year. We believe that a key factor in the success of our products is our system of carefully targeted research and testing of our products to ensure high quality and that each product matches an identified market opportunity. The emphasis in new product introductions in the past several years has been in single service items. We are constantly searching to develop new products to complement our existing product lines and improve processing techniques and formulas. We utilize an in-house test kitchen and consultants to research and experiment with unique food preparation methods, improve quality control and analyze new ingredient mixtures.



   Company Address: 1707 S. Good-Latimer Expressway Dallas 75226 TX
   Company Phone Number: 428-1535   Stock Exchange / Ticker: NASDAQ BRID
   


Customers Net Income fell by BRID's Customers Net Profit Margin fell to

-71.12 %

1.62 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CAG   -0.77%    
GIS        3.07% 
POST        0.53% 
PPC        1.14% 
SJM   -0.03%    
TSN        1.26% 
• View Complete Report
   



Bridgford Foods Corporation

Bridgford Foods Corporation sees impressive profit growth but revenue decline raises concerns

Bridgford Foods Corporation, a company known for its high quality snacks and food products, recently reported their financial results for the most recent fiscal period. The company saw an impressive 40% jump in profit per share, reaching $0.14 compared to $0.10 a year ago. However, income decreased by -25.01% from the preceding financial reporting period, falling to $0.19 per share.
The company also experienced a significant decrease in revenue, with a -12.307% drop to $54.04 million from $61.62 million in the same financial reporting period a year ago. Sequentially, revenue tumbled by -33.232% from $80.93 million. Despite this, the bottom-line of $1.235 million in the most recent fiscal period increased by 32.51% from net earnings of $0.932 million reported in the same period a year ago.

Bridgford Foods Corporation

Bridgford Foods Corporation Suffers Severe Revenue Slump Over Fiscal Span Concluding July 07, 2023


Introduction
Bridgford Foods Corporation, a prominent company in the food processing industry, experienced a significant drop in company income, revenue, and profitability in the most recent fiscal period. This article delves into the financial data and trends of the company and analyzes the key factors that have contributed to these declines.
Income and Revenue Declines
In the most recent fiscal period, Bridgford Foods Corporation witnessed a sharp decline in company income, with a staggering decrease of -98.24% from $4.55 per share to $0.08 per share, compared to the previous year. However, there was a rapid growth of 300% in income per share from $0.02 in the previous quarter, signaling a potential recovery.

Bridgford Foods Corporation

Bridgford Foods Corporation Reports Substantial Revenue Decline in Fiscal Q2 2023 Due to Soft Top and Bottom Line

Despite Bridgford Food Corporation's recent soft financial performance, investors should not necessarily be discouraged about the company's future potential.
The recent downturn in earnings per share (EPS) and revenue year on year may have caused some cause for concern, but it is important to note that the food industry has been particularly volatile over the past year and a half due to the COVID-19 pandemic. The pandemic has caused supply chain disruptions, increased costs, and unpredictable consumer behavior, all of which have had negative effects on many businesses, not just Bridgford Foods.






 

Bridgford Foods's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Bridgford Foods does not provide revenue guidance.

Earnings Outlook
Bridgford Foods Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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