Bridgford Foods Narrows Net Loss to $843,000 as Revenue Climbs 5.3% in Q1 FY2026

Bridgford Foods Corporation, a California-based manufacturer of frozen food products, reported a net loss of $843,000 for the three months ended January 23, 2026, an improvement from the $1.11 million loss recorded in the same period a year earlier. Revenue increased 5.3% to $55.31 million from $52.55 million in the prior-year quarter. Read more earnings reports.

The company's operating loss narrowed to $1.23 million from $2.01 million in the first quarter of fiscal 2025. Gross profit expanded to $13.37 million from $12.89 million, as cost of goods sold rose to $41.94 million from $39.66 million. Gross margin improved slightly to 24.2% from 24.5% in the year-ago period.

Segment Performance

The frozen food products division generated $40.96 million in revenue for the quarter, up from $38.02 million a year earlier. The snack food products segment contributed $14.36 million, down marginally from $14.53 million in the prior-year period. Operating results showed the frozen division posted a loss of $1.93 million compared to a loss of $2.59 million in Q1 FY2025, while the snack division earned $694,000 compared to $575,000 a year earlier.

Cash Flow and Balance Sheet

Cash from operations swung sharply positive to $4.27 million for the quarter from a negative $4.60 million in the same period last year. The company ended the quarter with $4.81 million in cash and cash equivalents, up from $876,000 at the end of fiscal 2025. Total assets declined to $144.61 million as of January 23, 2026, from $147.21 million at October 31, 2025.

Inventory decreased to $32.61 million from $37.07 million at fiscal year-end, while accounts receivable fell to $21.95 million from $24.13 million. Total liabilities stood at $29.90 million, down from $31.67 million at October 31, 2025. Stockholders' equity declined slightly to $114.70 million from $115.55 million.

Operating Expenses

Selling, general and administrative expenses decreased to $14.62 million from $14.91 million in the year-ago quarter. Depreciation and amortization totaled $1.45 million, down from $1.52 million a year earlier. The company recorded a tax benefit of $245,000 compared to $453,000 in the prior-year period.

Long-term debt decreased to $3.48 million from $3.79 million at the end of fiscal 2025. The company used $602,000 for financing activities during the quarter, compared to $442,000 in the same period last year. Basic loss per share was $0.09 based on 9.08 million weighted average shares outstanding, compared to a loss of $0.12 per share a year earlier.