Bridgford Foods Corp. (BRID, Financial) filed Quarterly Report for the period ended 2010-04-16.
Bridgford Foods Corp. has a market cap of $127.5 million; its shares were traded at around $13.65 with and P/S ratio of 1.1.
Cost of products sold in the Frozen Food Products Segment increased by $634 (9.1%) to $7,575 in the second twelve weeks of the 2010 fiscal year compared to the same twelve-week period in fiscal year 2009. Higher sales levels and a change in product mix contributed to this increase in the current year period. The cost of purchased flour declined approximately $122 in the second twelve weeks of fiscal 2010 compared to the prior year, which improved the gross margin earned in this Segment from 40.2% to 43.4%.
Cost of products sold in the Refrigerated and Snack Food Products Segment decreased by $639 (7.6%) to $7,777 in the second twelve weeks of the 2010 fiscal year compared to the same twelve-week period in fiscal year 2009. This decrease corresponds to lower sales levels and increased in-sourcing of products previously purchased from outside suppliers compared to the same twelve week period in the prior fiscal year. The cost of significant meat commodities increased approximately $181 in the second twelve weeks of fiscal 2010 compared to corresponding period in the prior year. The gross margin earned in this Segment increased from 40.8% to 43.4% due to these factors.
Cost of products sold decreased by $2,864 (8.2%) to $32,140 in the first twenty-four weeks of the 2010 fiscal year compared to the same twenty-four-week period in fiscal 2009. The decrease in cost of products sold relates to lower unit sales volume, increased utilization of production facilities and lower flour and meat commodity costs. The gross margin increased from 38.8% to 42.7% due to these factors.
Cost of products sold in the Frozen Food Products Segment decreased by $104 (0.7%) to $15,159 in the first twenty-four weeks of the 2010 fiscal year compared to the same twenty-four-week period in fiscal year 2009. Lower flour costs and lower sales levels contributed to this decrease in the current year period. The cost of purchased flour declined approximately $240 in the first twenty-four weeks of fiscal 2010 compared to same period in the prior year. The gross margin increased from 40.6% to 40.8% due to these factors.
Cost of products sold in the Refrigerated and Snack Food Products Segment decreased by $2,581 (12.8%) to $17,518 in the first twenty-four weeks of the 2010 fiscal year compared to the same twenty-four-week period in fiscal year 2009. This decrease corresponds to lower sales levels, increased in-sourcing of products previously purchased from outside suppliers and lower commodity costs compared to the same twenty-four week period in the prior fiscal year. The cost of significant meat commodities decreased approximately $976 in the first twenty-four weeks of fiscal 2010 compared to the same period in the prior year. The gross margin increased from 36.8% to 43.5% due to these factors.
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Bridgford Foods Corp. has a market cap of $127.5 million; its shares were traded at around $13.65 with and P/S ratio of 1.1.
Highlight of Business Operations:
Cost of products sold decreased by $106 (0.7%) to $15,063 in the second twelve weeks of the 2010 fiscal year compared to the same twelve-week period in fiscal 2009. Cost of products sold decreased even though sales increased in the comparative twelve weeks and despite a slight increase in major flour and meat commodity costs. This decrease relates to changes in product mix and improved facility utilization compared to the comparative twelve weeks. The gross margin increased from 40.8% to 43.9% due to these factors.Cost of products sold in the Frozen Food Products Segment increased by $634 (9.1%) to $7,575 in the second twelve weeks of the 2010 fiscal year compared to the same twelve-week period in fiscal year 2009. Higher sales levels and a change in product mix contributed to this increase in the current year period. The cost of purchased flour declined approximately $122 in the second twelve weeks of fiscal 2010 compared to the prior year, which improved the gross margin earned in this Segment from 40.2% to 43.4%.
Cost of products sold in the Refrigerated and Snack Food Products Segment decreased by $639 (7.6%) to $7,777 in the second twelve weeks of the 2010 fiscal year compared to the same twelve-week period in fiscal year 2009. This decrease corresponds to lower sales levels and increased in-sourcing of products previously purchased from outside suppliers compared to the same twelve week period in the prior fiscal year. The cost of significant meat commodities increased approximately $181 in the second twelve weeks of fiscal 2010 compared to corresponding period in the prior year. The gross margin earned in this Segment increased from 40.8% to 43.4% due to these factors.
Cost of products sold decreased by $2,864 (8.2%) to $32,140 in the first twenty-four weeks of the 2010 fiscal year compared to the same twenty-four-week period in fiscal 2009. The decrease in cost of products sold relates to lower unit sales volume, increased utilization of production facilities and lower flour and meat commodity costs. The gross margin increased from 38.8% to 42.7% due to these factors.
Cost of products sold in the Frozen Food Products Segment decreased by $104 (0.7%) to $15,159 in the first twenty-four weeks of the 2010 fiscal year compared to the same twenty-four-week period in fiscal year 2009. Lower flour costs and lower sales levels contributed to this decrease in the current year period. The cost of purchased flour declined approximately $240 in the first twenty-four weeks of fiscal 2010 compared to same period in the prior year. The gross margin increased from 40.6% to 40.8% due to these factors.
Cost of products sold in the Refrigerated and Snack Food Products Segment decreased by $2,581 (12.8%) to $17,518 in the first twenty-four weeks of the 2010 fiscal year compared to the same twenty-four-week period in fiscal year 2009. This decrease corresponds to lower sales levels, increased in-sourcing of products previously purchased from outside suppliers and lower commodity costs compared to the same twenty-four week period in the prior fiscal year. The cost of significant meat commodities decreased approximately $976 in the first twenty-four weeks of fiscal 2010 compared to the same period in the prior year. The gross margin increased from 36.8% to 43.5% due to these factors.
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