Bridgford Foods Corp. (BRID, Financial) filed Quarterly Report for the period ended 2012-07-06.
Bridgford Foods Corporation has a market cap of $68.8 million; its shares were traded at around $7.5 with and P/S ratio of 0.6.
Cost of products sold in the Refrigerated and Snack Food Products segment decreased by $351 (3.0%) to $11,274 in the third twelve weeks of the 2012 fiscal year compared to the same twelve-week period in fiscal year 2011. The cost of significant meat commodities decreased approximately $460 in the third twelve weeks of fiscal 2012 compared to the same period in the prior year. The gross margin earned in this segment increased from 27.2% to 33.9% in the third twelve weeks of fiscal year 2012 due primarily to lower commodity costs and to a lesser extent as a result of sales mix changes.
Selling, general and administrative (“SG&A”) expenses increased by $558 (6.4%) to $9,340 in the third twelve weeks of fiscal year 2012 compared to the same twelve-week period in the prior fiscal year. The increase in this category for the twelve-week period ended July 6, 2012 did not directly correspond to the sales increase. The table below summarizes the significant expense increases included in this category:
Cost of products sold in the Refrigerated and Snack Food Products segment increased by $2,184 (6.9%) to $33,953 in the first thirty-six weeks of the 2012 fiscal year compared to the same thirty-six week period in fiscal year 2011. The cost of significant meat commodities increased approximately $720 in the first thirty-six weeks of fiscal 2012 compared to the same period in the prior year. The gross margin earned in this segment increased from 28.3% to 29.8% in the first thirty-six weeks of fiscal year 2012 due primarily to favorable sales mix changes.
Selling, general and administrative (“SG&A”) expenses increased by $458 (1.7%) to $26,882 in the first thirty-six weeks of fiscal year 2012 compared to the same thirty-six week period in the prior fiscal year. The increase in this category for the thirty-six week period ended July 6, 2012 did not directly correspond to the sales increase. The table below summarizes the significant expense increases and decreases included in this category:
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Bridgford Foods Corporation has a market cap of $68.8 million; its shares were traded at around $7.5 with and P/S ratio of 0.6.
Highlight of Business Operations:
Cost of products sold decreased by $751 (4.1%) to $17,661 in the third twelve weeks of the 2012 fiscal year compared to the same twelve-week period in fiscal 2011. Lower unit sales volumes and significantly lower commodity costs described in the segment analysis below were the primary cause of the decrease in cost of products sold. Gross margin increased from 30.8% to 36.6%.Cost of products sold in the Refrigerated and Snack Food Products segment decreased by $351 (3.0%) to $11,274 in the third twelve weeks of the 2012 fiscal year compared to the same twelve-week period in fiscal year 2011. The cost of significant meat commodities decreased approximately $460 in the third twelve weeks of fiscal 2012 compared to the same period in the prior year. The gross margin earned in this segment increased from 27.2% to 33.9% in the third twelve weeks of fiscal year 2012 due primarily to lower commodity costs and to a lesser extent as a result of sales mix changes.
Selling, general and administrative (“SG&A”) expenses increased by $558 (6.4%) to $9,340 in the third twelve weeks of fiscal year 2012 compared to the same twelve-week period in the prior fiscal year. The increase in this category for the twelve-week period ended July 6, 2012 did not directly correspond to the sales increase. The table below summarizes the significant expense increases included in this category:
Cost of products sold in the Refrigerated and Snack Food Products segment increased by $2,184 (6.9%) to $33,953 in the first thirty-six weeks of the 2012 fiscal year compared to the same thirty-six week period in fiscal year 2011. The cost of significant meat commodities increased approximately $720 in the first thirty-six weeks of fiscal 2012 compared to the same period in the prior year. The gross margin earned in this segment increased from 28.3% to 29.8% in the first thirty-six weeks of fiscal year 2012 due primarily to favorable sales mix changes.
Selling, general and administrative (“SG&A”) expenses increased by $458 (1.7%) to $26,882 in the first thirty-six weeks of fiscal year 2012 compared to the same thirty-six week period in the prior fiscal year. The increase in this category for the thirty-six week period ended July 6, 2012 did not directly correspond to the sales increase. The table below summarizes the significant expense increases and decreases included in this category:
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