Printer Friendly
The Free Library
19,585,585 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Bridgford Foods Corp. Announces Results for Second Quarter.


ANAHEIM Anaheim (ăn`əhīm), city (1990 pop. 266,406), Orange co., S Calif., SE of Los Angeles; inc. 1870. Anaheim was founded by Germans in 1857 as an experiment in communal living. , Calif. -- Bridgford Foods Corp. (Nasdaq:BRID n. 1. A bird. ) today reported sales for the second quarter (12 weeks) ended April 15, 2005, of $27,714,000, a decrease of 9.3 percent compared to sales in the second 12 weeks of the prior fiscal year. The company incurred a net loss of $650,000 in the second quarter of 2005 versus a loss of $209,000 in the same quarter of 2004.

Sales for the first half (24 weeks) of the 2005 fiscal year were $61,305,000, a 6.9 percent decrease compared to the same period in 2004. The company incurred a net loss of $846,000 in the first half of 2005 compared to a net loss of $346,000 in the first half of last year. The gross margin decreased slightly on a comparative basis due primarily to higher commodity costs and lower facility utilization utilization,
n 1. the extent to which a given group uses a particular service in a specified period. Although usually expressed as the number of services used per year per 100 or per 1000 persons eligible for the service, utilization rates may be
.

Bridgford Foods Corp., a producer of frozen dough, microwaveable sandwiches, dry sausages, processed meats and other convenience food products, currently has 9,998,000 shares of common stock outstanding.
BRIDGFORD FOODS CORP.
                         FINANCIAL HIGHLIGHTS
                              (UNAUDITED)

                                         12 Weeks Ended 12 Weeks Ended
                                         -------------- --------------
                                         Apr. 15, 2005  Apr. 16, 2004

Sales                                      $27,714,000    $30,541,000
Cost of sales                              $17,860,000    $19,359,000
Selling, general & administrative
 expenses                                   $9,874,000    $10,512,000
Depreciation                                $1,029,000     $1,006,000
Loss before taxes                          $(1,049,000)     $(336,000)
Income tax benefit                           $(399,000)     $(127,000)
Net loss                                     $(650,000)     $(209,000)
Basic loss per share                            $(0.07)        $(0.02)
Average shares outstanding                   9,998,000     10,247,000


                                         24 Weeks Ended 24 Weeks Ended
                                         -------------- --------------
                                         Apr. 15, 2005  Apr. 16, 2004

Sales                                      $61,305,000    $65,863,000
Cost of sales                              $40,431,000    $43,225,000
Selling, general & administrative
 expenses                                  $20,182,000    $21,176,000
Depreciation                                $2,057,000     $2,020,000
Loss before taxes                          $(1,365,000)     $(558,000)
Income tax benefit                           $(519,000)     $(212,000)
Net loss                                     $(846,000)     $(346,000)
Basic loss per share                            $(0.08)        $(0.03)
Average shares outstanding                   9,999,000     10,256,000
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:May 20, 2005
Words:348
Previous Article:Worldwide ERC & Primacy Relocation Name 2005's 'Best Cities for Relocating Families'.
Next Article:Bodog.com Preakness Odds Favor ''Afleet Alex'' at 5/2 over Derby Winner Giacomo at 6/1; Leading Online Sportsbook Bets Preakness Wagering May Surpass...
Topics:



Related Articles
Bridgford Foods Corp. Earnings for 1998 Shatter Prior Records by 32 Percent.
Bridgford Foods Corporation Announces Improved Results for First Quarter.
Bridgford Foods Corporation Announces Higher Sales and Earnings in the Second Quarter and First Half.
Bridgford Foods Corp. Earnings for 1999 Surpass Prior Records by 15%.
Bridgford Foods Corporation Announces Results for Second Quarter and First Half of 2000 Fiscal Year.
NEW & NOTEWORTHY.
Bridgford Foods Corp. Announces Results for Second Quarter.
Bridgford Foods Corp. Announces Results for 2003 Fiscal Year.
Bridgford Foods Corp. Announces Results for Second Quarter.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles