Bridgford Foods Corp 2026年季度报告

FORM 10-Q (Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 23, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ____ Commission file number: 000-02396 BRIDGFORD FOODS CORPORATION (Exact name of registrant as specified in its charter) 95-1778176(I.R.S. Employeridentification number) California(State or other jurisdiction of incorporation or organization) (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: Name of each exchange on which registeredNasdaq 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 SecuritiesExchange 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 submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant 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 smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying 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 6, 2026, the registrant had 9,076,832 shares of common stock outstanding. BRIDGFORD FOODS CORPORATIONFORM 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. PagePart I. Financial Information3Item 1. Financial Statements3a. Condensed Consolidated Balance Sheets as of January 23, 2026 (unaudited) and October 31, 20253b. Condensed Consolidated Statements of Operations for the twelve weeks ended January 23, 2026 (unaudited) andJanuary 24, 2025 (unaudited)4c. Condensed Consolidated Statements of Shareholders’ Equity for the twelve weeks ended January 23, 2026 (unaudited)and January 24, 2025 (unaudited)5d. Condensed Consolidated Statements of Cash Flows for the twelve weeks ended January 23, 2026 (unaudited) andJanuary 24, 2025 (unaudited)6e. Notes to Condensed Consolidated Financial Statements (unaudited)7Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations13Item 3. Quantitative and Qualitative Disclosures about Market Risk20Item 4. Controls and Procedures20Part II. Other Information21Item 1. Legal Proceedings21Item 1A. Risk Factors21Item 2. Unregistered Sales of Equity Securities and Use of Proceeds21Item 3. Defaults Upon Senior Securities21Item 4. Mine Safety Disclosures21Item 5. Other Information21Item 6. Exhibits22Signatures232 Item 1. a. BRIDGFORD FOODS CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except share and per share amounts) BRIDGFORD FOODS CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) (in thousands, except share and per share amounts) BRIDGFORD FOODS CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY12 weeks ended January 23, 2026 BRIDGFORD FOODS CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) Depreciation and amortization1,4461,522(Reduction in) provision for credit losses on accounts receivable(36)357Reduction in promotional allowances3234Gain on sale of property, plant, and equipment(14)(16)Deferred income taxes, net(229)- Accounts receivable, net1,8931,455Inventories, net4,459(2,914)Prepaid expenses and other current assets(1,578)(1,760)Refundable income taxes(10)774Other non-current assets(207)(490)Accounts payable(80)(1,641)Accrued payroll, advertising, and other expenses(42)735Other current liabilities(700)(809)Executive retirement plans and other non-current liabilities(113)(708) Item 1. e. BRIDGFORD FOODS CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited) (dollars in thousands) Note 1 –Summar