Bridgford Foods Corp | Investor Service

2003 Annual Report Page 12

Item 6. Selected Financial Data

         The following selected consolidated financial data as of and for the last five fiscal years have been derived from the Company’s audited consolidated financial statements.  The data set forth below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Company’s Consolidated Financial Statements and the Notes thereto included elsewhere in this Annual Report on Form 10-K.

 

 

Nov. 2, 
2007

 

Nov. 3, 
2006 *

 

Oct. 28, 
2005

 

Oct. 29, 
2004

 

Oct. 31, 
2003

 

Net Sales

 

$

125,091

 

$

134,264

 

$

130,845

 

$

137,865

 

$

136,251

 

Gross Margin Percent

 

35.1

%

36.6

%

34.7

%

34.5

%

36.7

%

Net Income (Loss)

 

(292

)

1,240

 

(943

)

24

 

1,210

 

Basic Earnings (Loss) Per Share

 

(0.03

)

0.13

 

(0.09

)

—

 

0.12

 

Current Assets

 

41,355

 

45,913

 

43,738

 

44,401

 

45,686

 

Current Liabilities

 

11,902

 

14,231

 

11,841

 

12,665

 

12,489

 

Working Capital

 

29,453

 

31,682

 

31,897

 

31,736

 

33,197

 

Property, Plant and Equipment, Net

 

11,221

 

13,041

 

14,519

 

16,755

 

17,735

 

Total Assets

 

67,647

 

72,931

 

72,963

 

74,942

 

75,927

 

Shareholders’ Equity

 

49,969

 

50,186

 

48,262

 

48,664

 

52,333

 

Cash Dividends Per Share

 

$

0.00

 

$

0.00

 

$

0.00

 

$

0.05

 

$

0.16

 

(In thousands, except percent and per share amounts)

* - 53 weeks.

Item 7.   Management’s Discussion and Analysis of Financial Condition and Results of Operations

Certain statements under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this report constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Bridgford Foods Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions; the impact of competitive products and pricing; success of operating initiatives; development and operating costs; advertising and promotional efforts; adverse publicity; acceptance of new product offerings; consumer trial and frequency; changes in business strategy or development plans; availability, terms and deployment of capital; availability of qualified personnel; commodity, labor, and employee benefit costs; changes in, or failure to comply with, government regulations; weather conditions; construction schedules; and other factors referenced in this Report.

 


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