Bridgford Foods Corp | Investor Service

 

1997 Annual Report (Page 6)

Consolidated Statements of Income

    Fiscal year ended
    (52 weeks)
October 31
1997
    (52 weeks)
November 1
1996
    (53 weeks)
November 3
1995
Net sales     $127,859,491     $118,316,70     $112,497,590
   
   
   
Cost of products sold, excluding depreciation     80,621,498     75,874,768     71,854,739
Selling, general and administrative expenses     33,633,263     30,832,011     28,048,294
Depreciation     2,950,376     2,493,308     1,963,702
   
   
   
    117,205,137     109,200,087     101,866,735
   
   
   
Income before taxes     10,654,354     9,116,383     10,630,855
Provision for taxes on income     4,049,000     3,465,000     4,040,000
   
   
   
Net income     $6,605,354     $5,651,383     $6,590,855
   
   
   
Net income per share     $0.64     $0.55     $0.64

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (NOTE 7)

    Common stock     Capital in excess of par
    Retained earnings
    Total shareholder's equity
Shares
    Amount
Balance, October 28, 1994     $9,396,933     $9,453,816     $3,024,881     $19,951,315     $32,430,012
- Net income             6,590,855     6,590,855    
- Cash dividends paid* ($.21 per share)                 (2,161,295)     (2,161,295)
   
   
   
   
   
Balance, November 3, 1995     9,396,933     9,453,816     3,024,881     24,380,875     36,859,572
- Net income             5,651,383     5,651,383    
- Cash dividends paid ($.22 per share)                 (2,255,264)     (2,255,264)
   
   
   
   
   
Balance, November 1, 1996     9,396,933     9,453,816     3,024,881     27,776,994     40,255,691
- Net income             6,605,354     6,605,354    
- Cash dividends paid* ($.22 per share)                 (2,255,265)     (2,255,265)
   
   
   
   
   
Balance, October 31, 1997     10,336,415     10,393,298     13,946,359     20,266,125     44,605,782
 
* Per share amounts give effect to 10% stock dividends declared November 10, 1997.

 
1997 Annual Report: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12