Anaheim-based frozen and refrigerated food maker Bridgford Foods Corp. posted its latest quarterly results Monday.
Sales were down a little more than 1% from the previous year to about $26 million for the 12 weeks ending July 11, according to the company.
Its profit of nearly $1.3 million was well above the previous year’s $6.7 million loss, when it took charges from reorganization and was facing higher production costs.
The cost of its retail products fell by about 14% to $15 million from the previous year.
Fuel costs for the quarter fell by about 40% from the previous year to $580,000.
The company’s frozen food unit was off by about 2.5% to $11 million in sales compared to the previous year. Its refrigerated foods were about flat at $15 million.
The announcement came after the market closed Monday.
For the day, the thinly traded stock with a market value of about $80 million, of which three quarters is owned by the Bridgford family, was down about 8%.
The company, which isn’t followed by Wall Street analysts, didn’t put out a press release on its earnings.
Bridgford’s main products include sliced lunch meats and sandwiches for retail markets in the Southwestern U.S., frozen bread dough products for the food service and retail food industries, dry sausage and sandwiches sold on store shelves, an assortment of frozen microwave-ready sandwiches and heat and serve breads.
Sales are made to large retailers such as Wal-Mart Stores Inc.
