BRIDGFORD FOODS CORP Segments Disclosure

NOTE 7 - Segment Information:

 

We have two reportable operating segments, Frozen Food Products (the processing and distribution of frozen products) and Snack Food Products (the processing and distribution of meat and other convenience foods).

 

Our Executive Committee functions as the Chief Operating Decision Maker (CODM). We utilize an Executive Committee to serve in the capacity of Chief Executive Officer. We believe this structure is appropriate for the Company because it requires a full committee of officers, each of whom brings their own experiences and perspectives to bear on their decision making, to discuss and vote on important decisions affecting the Company. The Executive Committee is responsible for the day-to-day management of risk. The Executive Committee regularly assesses the operating segment’s performance and is responsible for allocating resources to each operating segment.

 

The CODM is regularly provided and reviews financial data based on the two operating segments mentioned and defined above, the Frozen Food Product Segment and the Snack Food Segment. The financial data provided to the CODM includes sales, cost of goods sold, gross margin and selling, general and administrative expenses as well as total assets and additions to property, plant and equipment. Sales data involves sales to customers as well as promotional advertising and return analysis. Cost of goods sold encompasses the cost of raw materials, direct and indirect plant overhead, production labor and product safety including quality control and assurance. Selling, general and administrative expenses include the cost of selling, marketing, advertising and delivery to the customer. We allocate corporate management expenses to the segments based on sales while certain assets including cash remain in Other.

 

The following segment information is for the fiscal years ended October 31, 2025 (52 weeks) and November 1, 2024 (52 weeks):

 

Schedule of Segment Reporting Information, by Segment

2025		Frozen Food Products				Snack Food Products				Other				Totals
Segment Information
2025		Frozen Food Products				Snack Food Products				Other				Totals
Net sales		$	58,045			$	172,941			$	-			$	230,986
Cost of products sold			43,802				142,621				-				186,423
Gross margin			14,243				30,320				-				44,563
SG&A			13,760				49,701				-				63,461
Loss on sale of property, plant, and equipment			(7	)			(136	)			-				(143	)
Operating income (loss)		$	490			$	(19,245	)		$	-			$	(18,755	)
Total assets		$	16,716			$	107,276			$	23,222			$	147,214
Additions to PP&E		$	330			$	3,267			$	-			$	3,597

 

2024		Frozen Food Products				Snack Food Products				Other				Totals
Segment Information
2024		Frozen Food Products				Snack Food Products				Other				Totals
Net sales		$	58,408			$	165,237			$	-			$	223,645
Cost of products sold			42,404				124,913				-				167,317
Gross margin			16,004				40,324				-				56,328
SG&A			14,202				48,247				-				62,449
Loss on sale of property, plant, and equipment			96				50				-				146
Operating (loss) income		$	1,706			$	(7,973	)		$	-			$	(6,267	)
Total assets		$	16,972			$	112,471			$	27,911			$	157,354
Additions to PP&E		$	891			$	3,011			$	-			$	3,902

 

 

The following information further disaggregates our sales to customers by major distribution channel and customer type for the fiscal years ended October 31, 2025, and November 1, 2024, respectively.

 

Schedule of Disaggregates Our Sales to Customers

2025

 

Distribution Channel		Total net sales				Total net sales				Total net sales
Distribution Channel		Retail (a)				Foodservice (b)				Totals
Direct-store-delivery		$	101,485			$	-			$	101,485
Direct customer warehouse			71,456				-				71,456
Total Snack Food Products			172,941				-				172,941
Distributors			7,881				50,164				58,045
Total Frozen Food Products			7,881				50,164				58,045
Total Net Sales		$	180,822			$	50,164			$	230,986

 

(a)	Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
(b)	Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.

 

Distribution Channel		Total net sales				Total net sales				Total net sales
2024
Distribution Channel		Retail (a)				Foodservice (b)				Totals
Direct-store-delivery		$	110,361			$	-			$	110,361
Direct customer warehouse			54,876				-				54,876
Total Snack Food Products			165,237				-				165,237
Distributors			7,658				50,750				58,408
Total Frozen Food Products			7,658				50,750				58,408
Total Net Sales		$	172,895			$	50,750			$	223,645

 

(a)	Includes sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.
(b)	Includes sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools, convenience stores, healthcare facilities and the military.