2011 Annual Report

2011 was a challenging year for Bridgford Foods Corporation. High costs for grains, meats and petroleum products offset the Company’s achievements in the areas of cost-cutting and new product development, resulting in unprofitable results for the year. Sales during our 2011 fiscal year were $118,263,000, an increase of 0.5% from sales of $117,655,000 in 2010. The Company continued to eliminate unprofitable products and operations during the year, and continued a re-organization of portions of its dry sausage and meat snack distribution operations. The Company recorded a net loss of $443,000 in 2011, equal to $.05 per share. A loss of $1,675,000 related to an unsuccessful product line introduction hampered our financial results, as did monetary penalties imposed by OSHA and reductions in the surrender value of life insurance policies.