USA: Bridgford Foods sales down in Q2
Bridgford Foods, a US producer of frozen dough, microwaveable sandwiches, dry sausages and processed meats has reported sales for the second quarter ended 15 April 2005, of $27.7m, a decrease of 9.3% compared to sales in the second 12 weeks of the prior fiscal year. The company incurred a net loss of $650,000 in the second quarter of 2005 versus a loss of $209,000 in the same quarter of 2004.
Sales for the first half (24 weeks) of the 2005 fiscal year were $61,3m, a 6.9% decrease compared to the same period in 2004. The company incurred a net loss of $846,000 in the first half of 2005 compared to a net loss of $346,000 in the first half of last year. The gross margin decreased slightly on a comparative basis due primarily to higher commodity costs and lower facility utilization.
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