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Bridgford Foods Corp. announces improved results for second quarter and first half.


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)--June 12, 1997--Bridgford Foods Corp. Thursday Thursday: see week.  announced improved sales and earnings for the second quarter and first half of its 1997 fiscal year.

Sales for the second quarter ended May 2, 1997 increased 5% to $30,643,000 compared to the same period last year. Pretax pre·tax  
adj.
Existing before tax deductions: pretax income.

pretax adj [profit] → vor (Abzug der) Steuern 
 and net income each increased 15% compared to the same period a year ago. Sales for the first half of 1997 increased 5% to $62,312,000 compared to the same period in 1996 while pretax and net income were each 15% higher than comparable items in the first half of 1996.

Bridgford Foods, a producer of frozen bread dough, microwaveable cheeseburgers and sandwiches, processed meats, dry sausages and other convenience food products currently has 9,397,000 shares outstanding. -0-
                      BRIDGFORD FOODS CORPORATION
                         FINANCIAL  HIGHLIGHTS

                                         13 Weeks Ended
                             ---------------------------------------
                               May 2, 1997              May 3, 1996
   Sales                       $30,642,790              $29,264,003
   Income Before Taxes         $ 2,636,373              $ 2,296,783
   Provision For Taxes         $ 1,002,000              $   872,000
   Net Income                  $ 1,634,373              $ 1,424,783
   Net Income Per Share           17 cents                 15 cents
   Avg Shares Outstanding        9,396,933                9,396,933

                                         26 Weeks Ended
                             ---------------------------------------
                               May 2, 1997              May 3, 1996
   Sales                       $62,312,101              $59,137,250
   Income Before Taxes         $ 4,376,491              $ 3,811,652
   Provision For Taxes         $ 1,663,000              $ 1,448,000
   Net Income                  $ 2,713,491              $ 2,363,652
   Net Income Per Share           29 cents                 25 cents
   Avg Shares Outstanding        9,396,933                9,396,933




CONTACT: Bridgford Foods Corp., Anaheim

P.R. Department

R.E.Schulze/Raymond Lancy Coordinates:  Lancy is a municipality of the Canton of Geneva, Switzerland. It is subdivided into two main suburbs, Petit-Lancy and Grand-Lancy.  

714/526-5533
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Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 12, 1997
Words:268
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