Bridgford Foods (BRID) investor relations material

Executive summary

• Q3 FY2026 sales fell 9.5% YoY, primarily on lower unit volumes; higher prices lifted gross margin to 23.1% from 20.5%, but the operating and net losses persisted.

• For the 36 weeks, sales declined 1.8% YoY and net loss widened to $7,775 from $6,610, reflecting lower gross margin and a larger operating loss.

Financial highlights

• Q3 net sales were $47,015, gross margin $10,862, operating loss $3,309, net loss $2,008 and diluted loss per share $0.22; prior-year figures were $51,954, $10,629, $3,856, $1,637 and $0.18, respectively.

• 36-week net sales were $152,371, gross margin $33,012, operating loss $10,386, net loss $7,775 and diluted loss per share $0.86, versus $155,138, $34,585, $9,054, $6,610 and $0.73, respectively.

• 36-week SG&A decreased 0.8% to $43,459; cash used in operations improved to $3,973 from $5,568, while investing cash use was $607 versus $1,731.

Outlook and guidance

• Inflation in labor, freight and manufacturing inputs is expected to continue through the remainder of FY2026; price increases and cost reductions are intended to help offset pressure.

• Management expects operating cash generation to support liquidity for at least the next 12 months, while monitoring inflation and interest-rate volatility and considering additional liquidity actions if needed.

• A replacement for the Wells Fargo line is being pursued before its September 29, 2026 maturity; a commitment was expected, but there is no assurance it will be secured timely or at all.