Mon, Jun 2, 8:34 PM (18 days ago)
**Bridgford Foods Corporation (BRID) Q2 2025 Financial Summary** **Financial Health and Performance:** * **Revenue:** Q2 2025 revenue increased by 7.0% to $50,639,000, driven by higher selling prices and unit sales volume. YTD revenue rose by 1.0% to $103,184,000. * **Profit Margins:** Gross margin decreased to 21.9% in Q2 2025 (22.7% in Q2 2024) and 23.2% YTD (26.2% in 2024). * **Net Loss:** Q2 2025 net loss was $3,860,000 ($0.43 per share), compared to a loss of $2,195,000 ($0.24 per share) in Q2 2024. YTD net loss was $4,973,000 ($0.55 per share), compared to $960,000 ($0.11 per share) in 2024. * **Cash Flow:** Q2 2025 operating cash flow was negative $5,426,000, compared to positive $1,002,000 in Q2 2024. YTD operating cash flow was negative $5,426,000, compared to positive $1,002,000 in 2024. **Segment Performance:** * **Frozen Food Products:** Q2 2025 revenue increased by 3.2% to $13,313,000, with a gross margin of 25.9% (26.4% in Q2 2024). YTD revenue rose by 2.0% to $27,842,000, with a gross margin of 27.2% (28.2% in 2024). * **Snack Food Products:** Q2 2025 revenue increased by 8.5% to $37,326,000, with a gross margin of 20.4% (21.3% in Q2 2024). YTD revenue rose by 0.7% to $75,342,000, with a gross margin of 22.0% (23.1% in 2024). **Trends and Uncertainties:** * Bridgford Foods faces challenges due to increased commodity costs, inflation, and supply chain disruptions. * The company is focusing on cost reduction, price increases, and private-label arrangements to drive growth. * Bridgford Foods is in discussions with Wells Fargo Bank, N.A. regarding amendment or renewal of the revolving line of credit due to potential non-compliance with the Fixed Charge Coverage Ratio covenant. **Future Operations Impact:** * Bridgford Foods plans to implement price increases to offset higher commodity costs and reduce selling, general, and administrative expenses. * The company is evaluating the impact of recently issued accounting pronouncements and regulations on its financial statements. * Bridgford Foods is monitoring the impact of inflation and interest rate volatility on its liquidity and may take action to preserve liquidity if necessary.