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2010Annual Report Page 24

BRIDGFORD FOODS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the years ended October 29, 2010 and October 30, 2009
(in thousands, except share and per share amounts)

   
2010
    
2009
  
                 
Net sales
  
$
117,655
    
$
122,665
  
                 
Cost of products sold
    
70,563
      
73,072
  
                 
Gross margin
    
47,092
      
49,593
  
                 
Selling, general and administrative expenses
    
41,569
      
42,551
  
                 
Income before taxes
    
5,523
      
7,042
  
                 
Provision for income taxes
    
1,204
      
255
  
                 
Net income
  
$
4,319
    
$
6,787
  
                 
Basic earnings per share
  
$
0.46
    
$
0.72
  
                 
Shares used to compute basic earnings per common share
    
9,334,004
      
9,411,181
  
 
See accompanying notes to consolidated financial statements
 
 
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