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
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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
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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 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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