BRIDGFORD FOODS CORP
For the period ended Jan 26, 2024. Filed Mar 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 26, 2024 · Filed Mar 8, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark one)
☒** QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF**
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended January 26,2024
OR
☐** TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF**
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to ____
Commission file number:000-02396
(Exact name of registrant as specified in its charter)
| California | 95-1778176 |
|---|---|
| (State or other jurisdiction of | (I.R.S. Employer |
| incorporation or organization) | identification number) |
| 1707 S. Good-Latimer Expressway DallasTexas | 75226 |
| (Address of principal executive offices) | (Zip code) |
(214) 428-1535
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | BRID | Nasdaq Global Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer ☐ | Accelerated filer ☐ |
|---|---|
| Non-accelerated filer ☒ | Smaller reporting company ☒ |
| Emerging growth company ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒
As of March 8, 2024, the registrant had 9,076,832 shares of common stock outstanding.
FORM 10-Q QUARTERLY REPORT
INDEX
References to “Bridgford Foods”, “Company”, “we”, “us” or “our” contained in this Quarterly Report on Form 10-Q (this “Report”) refer to Bridgford Foods Corporation.
| Page | |
|---|---|
| Part I. Financial Information | 3 |
| Item 1. Financial Statements | 3 |
| a. Condensed Consolidated Balance Sheets as of January 26, 2024 (unaudited) and November 3, 2023 | 3 |
| b. Condensed Consolidated Statements of Operations for the twelve weeks ended January 26, 2024 (unaudited) and January 20, 2023 (unaudited) | 4 |
| c. Condensed Consolidated Statements of Shareholders’ Equity for the twelve weeks ended January 26, 2024 (unaudited) and January 20, 2023 (unaudited) | 5 |
| d. Condensed Consolidated Statements of Cash Flows for the twelve weeks ended January 26, 2024 (unaudited) and January 20, 2023 (unaudited) | 6 |
| e. Notes to Condensed Consolidated Financial Statements (unaudited) | 7 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 13 |
| Item 3. Quantitative and Qualitative Disclosures about Market Risk | 21 |
| Item 4. Controls and Procedures | 21 |
| Part II. Other Information | 22 |
| Item 1. Legal Proceedings | 22 |
| Item 1A. Risk Factors | 22 |
| Item 5. Other Information | 22 |
| Item 6. Exhibits | 23 |
| Signatures | 24 |
Items 2 through 4 of Part II have been omitted because they are not applicable with respect to the Company and/or the current reporting period.
2 of 25
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