Bridgford Foods earnings rebound in fiscal 2006

by Eric Schroeder
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ANAHEIM, CALIF. — Bridgford Foods Corp., a producer of frozen dough, microwavable and shelf stable sandwiches, dry sausages and processed meats, posted net income of $257,000 in the fiscal year ended Nov. 3, equal to 13c per share on the common stock. This compared with a loss of $1,311,000 in fiscal 2005. Sales for the full year totaled $134,264,000, up 2.6% from $130,845,000 in the same period a year ago.

For the fourth quarter ended Nov. 3, Bridgford said net income was $1,081,000, or 11c per share, which compared with a loss of $340,000 in the same year-ago period. The fourth quarter a year ago was adversely affected by income taxes, the company said. Sales in the fourth quarter were $43,215,000, up from $41,884,000.

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