The financial difficulties at US convenience food firm Bridgford Foods Corp. have continued after the company posted a first-quarter loss.
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Bridgford reported a net loss of $263,000 for the first quarter of its 2008 fiscal year, compared to a net income of US$40,000 in the same period last year.
The company said “extraordinarily high commodity and fuel costs” had depressed operating margins. An increase in prices is planned to offset some of these expenses.
Sales for the three months to 25 January fell 3.1% to US$31.3m.
In January, falling annual sales saw the Californian-based company pushed into the red for the year to 2 November.
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By GlobalDataBridgford is a producer of frozen dough, microwaveable sandwiches, dry sausages, processed meats and other convenience food products.
