Bridgford Foods Corp. announces improved results for first 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.--(BUSINESS WIRE)--March 12, 1997--Bridgford Foods Corp. Wednesday Wednesday: see week. announced improved sales and operating results for the first quarter of its 1997 fiscal year. Sales for the quarter ended Jan. 31, 1997 were $31,669,311, a gain of 6 percent over sales in the comparable quarter last year. Pretax income pretax income Reported income before the deduction of income taxes. Pretax income is sometimes considered a better measure of a firm's performance than aftertax income because taxes in one period may be influenced by activities in earlier periods. for the first quarter was $1,740,118, a 15 percent increase for the same period. Net income also increased 15 percent to $1,079,118. Bridgford Foods, a producer of frozen bread dough, microwavable mi·cro·wave n. 1. A high-frequency electromagnetic wave, one millimeter to one meter in wavelength, intermediate between infrared and short-wave radio wavelengths. 2. Informal A microwave oven. tr.v. hamburgers, dry sausages, processed meats and other convenience food products, currently has 9,396,933 shares outstanding. -0-
BRIDGFORD FOODS CORPORATION
FINANCIAL HIGHLIGHTS
13 Weeks Ended
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Jan. 31, 1997 Feb. 2, 1996
Sales $ 31,669,311 $ 29,873,247
Income Before Taxes $ 1,740,118 $ 1,514,869
Provision For Taxes $ 661,000 $ 576,000
Net Income $ 1,079,118 $ 938,869
Net Income Per Share $ 0.11 $ 0.10
Avg Shares Outstanding 9,396,933 9,396,933
CONTACT: Bridgford Foods Corp., Anaheim P.R. Department, 714/526-5533 |
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