Inflation is crushing Bridgford Foods' business model today. Commodity inflation is pressuring margin profitability of their products, especially in the Snack Foods division. BRID is unable to increase prices high enough to offset inflationary costs.
Bridgford Foods (NASDAQ: BRID ) just reported results for the third quarter of 2024. Bridgford Foods reported earnings per share of -20 cents.
| Food Products Industry | Consumer Staples Sector | Michael W. Bridgford CEO | NASDAQ (NMS) Exchange | 108763103 CUSIP |
| US Country | 648 Employees | 24 Dec 2012 Last Dividend | 4 Dec 1998 Last Split | - IPO Date |
Bridgford Foods Corporation, operational since 1932 and headquartered in Dallas, Texas, stands as a recognized entity in the food industry, specializing in the manufacture, marketing, and distribution of a wide range of frozen and snack food products across the United States. The company maneuvers through the market via two primary segments: Frozen Food Products and Snack Food Products. Operating under the umbrella of Bridgford Industries Incorporated, Bridgford Foods targets a diverse clientele comprising food services, retail customers, supermarkets, mass merchandise, and convenience retail stores, leveraging a combination of wholesalers, cooperatives, distributors, and a direct store delivery network for distribution.
Bridgford Foods Corporation's product lineup encompasses an impressive array of food items tailored to meet the demands of a varied consumer base. Key products and services include:
The distribution of these products is meticulously managed to ensure that both frozen food and snack food items are accessible through a network that includes wholesalers, cooperatives, distributors, as well as customer-owned distribution centers and a direct store delivery network. This broad distribution strategy enables Bridgford Foods to penetrate different market segments effectively.