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Bridgford Foods Corporation Announces Higher Sales and Earnings in the 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 9, 1999--

Bridgford Foods Corp. (Nasdaq: BRID n. 1. A bird. ) Wednesday Wednesday: see week.  announced higher sales and earnings for the second quarter and first half of its 1999 fiscal year.

Sales for the second quarter ended April 30, 1999 increased 2.5% to $33,138,899 compared with 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 11.3% compared with the same period a year ago.

Sales for the first half of 1999 increased 2.8% to $69,698,531 compared with the same period in 1998 while pretax and net income were each 29.7% higher than the comparable items in the first half of 1998. 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 half of 1999 includes a $600,000 gain from the sale of a parcel of land in the first quarter of 1999.

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

                    BRIDGFORD FOODS CORPORATION
                      FINANCIAL HIGHLIGHTS
                                             13 Weeks Ended
                               April 30, 1999              May 1, 1998

Sales                            $ 33,138,899              $32,343,133
Income Before Taxes              $  4,220,762              $ 3,791,895
Provision For Taxes              $  1,604,000              $ 1,441,000
Net Income                       $  2,616,762              $ 2,350,895
Net Income Per Share                 23 cents                 21 cents
Avg Shares Outstanding             11,369,812               11,369,812

                                             26 Weeks Ended
                               April 30, 1999              May 1, 1999

Sales                            $69,698,531               $67,818,537
Income Before Taxes              $ 8,448,705               $ 6,514,757
Provision For Taxes              $ 3,211,000               $ 2,476,000
Net Income                       $ 5,237,705               $ 4,038,757
Net Income Per Share                46 cents                  36 cents
Avg Shares Outstanding            11,369,812                11,369,812
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 10, 1999
Words:289
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