Bridgford Foods Corp. Earnings for 1999 Surpass Prior Records by 15%.

ANAHEIM, Calif.--(BUSINESS WIRE)--Dec. 13, 1999--

Bridgford Foods Corp. (NASDAQ:BRID) Monday announced the highest earnings in the company's 67 year history.

Net income for the 52 weeks ended Oct. 29, 1999 exceeded the $10 million level for the first time and totaled $10,025,000. This represents a 15% gain over last year's record earnings. Bridgford has now set earnings records in three consecutive years and in 12 of the last 13 years.

Sales for the year also reached a record high of $138,786,000, a 3% gain over the record sales achieved in 1998. This reflects the 14th consecutive year that Bridgford Foods has achieved record high sales. Sales for the fourth quarter of the 1999 fiscal year were $36,731,000, a 4% gain over the same period in 1998. Net income for the fourth quarter in 1999 increased 2% over 1998 to $2,693,000.

In November 1999, Bridgford Foods announced a 17% increase in the quarterly cash dividend rate, effective with the cash dividend to be paid on Jan. 3, 2000.

Bridgford Foods, a producer of frozen bread dough, microwaveable sandwiches, processed meats, dry sausages and other convenience food products, currently has 11,370,000 shares outstanding.

                         Bridgford Foods Corp.
                         Financial Highlights

                           13 Weeks Ended            13 Weeks Ended
                          October 29, 1999          October 30, 1998

Sales                       $ 36,731,417               $ 35,214,678
Income Before Taxes         $  4,346,375               $  4,243,529
Net Income                  $  2,693,375               $  2,630,529
Basic Earnings Per Share        24 cents                   23 cents
Avg. Shares Outstanding       11,370,000                 11,370,000

                           52 Weeks Ended           52 Weeks Ended
                          October 29, 1999         October 30, 1998

Sales                       $138,786,260                $134,815,787
Income Before Taxes         $ 16,169,505                $ 14,065,430
Net Income                  $ 10,024,505                $  8,720,430
Basic Earnings Per Share        88 cents                    77 cents
Avg. Shares Outstanding       11,370,000                  11,370,000