Bridgford Foods Corporation Announces 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. -- Bridgford Foods Corporation (Nasdaq:BRID n. 1. A bird. ) today reported sales for the first quarter (12 weeks) ended January January: see month. 20, 2006 were $34,575,000, an increase of 2.9% compared to sales in the first twelve weeks of the prior fiscal year. The Company incurred a net loss of $137,000 in the first quarter of fiscal year 2006 versus a loss of $196,000 in the same quarter of fiscal year 2005. Unit selling prices increased between the comparative quarters resulting in higher sales during the first quarter of 2006. Meat raw material costs declined slightly at the end of the first quarter of 2006, while bakery ingredient
An ingredient is something that forms part of a mixture (in a general sense). costs increased substantially. Fuel and energy costs were considerably higher during the 2006 quarter when compared to the prior year. Bridgford Foods Corporation, a producer of frozen dough, microwaveable sandwiches, dry sausages, processed meats and other convenience food products, currently has 9,998,000 shares of common stock outstanding.
BRIDGFORD FOODS CORPORATION
FINANCIAL HIGHLIGHTS
(UNAUDITED)
12 Weeks Ended 12 Weeks Ended
-------------------------------
Jan. 20, 2006 Jan. 21, 2005
Sales $34,575,000 $33,591,000
Cost of sales $23,553,000 $22,571,000
Selling, general & administrative
expenses $10,370,000 $10,308,000
Depreciation $892,000 $1,028,000
Loss before taxes $(240,000) $(316,000)
Income tax benefit $(103,000) $(120,000)
Net loss $(137,000) $(196,000)
Basic loss per share $(0.01) $(0.02)
Average shares outstanding 9,973,000 10,000,000
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