Bridgford Foods Corp. Reports Losses
ANAHEIM — Bridgford Foods Corp. said earnings fell in the fiscal second quarter and first half, largely because of higher costs for flour and pork supplies.
Net income for the producer of convenience foods decreased nearly 18% in the second quarter to $1.4 million, or 15 cents a share, from $1.7 million, or 18 cents a share, in the same period a year earlier. Sales for the period ended May 3 rose 10% to $29.3 million from $26.6 million.
For the first six months, net income dropped 20% to $2.4 million, or 25 cents a share, from $3 million, or 32 cents a share, a year ago. Sales rose 7% to $59.1 million from $55.1 million.
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