Bridgford Foods Corp 2026年季度报告

FORM 10-Q (Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 23, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 BRIDGFORD FOODS CORPORATION (Exact name of registrant as specified in its charter) 95-1778176(I.R.S. Employeridentification number) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of March 6, 2026, the registrant had 9,076,832 shares of common stock outstanding. BRIDGFORD FOODS CORPORATIONFORM 10-Q QUARTERLY REPORT INDEX References to “Bridgford Foods”, “Company”, “we”, “us” or “our” contained in this Quarterly Report on Form 10-Q (this “Report”)refer to Bridgford Foods Corporation. PagePart I. Financial Information3Item 1. Financial Statements3a. Condensed Consolidated Balance Sheets as of January 23, 2026 (unaudited) and October 31, 20253b. Condensed Consolidated Statements of Operations for the twelve weeks ended January 23, 2026 (unaudited) andJanuary 24, 2025 (unaudited)4c. Condensed Consolidated Statements of Shareholders’ Equity for the twelve weeks ended January 23, 2026 (unaudited)and January 24, 2025 (unaudited)5d. Condensed Consolidated Statements of Cash Flows for the twelve weeks ended January 23, 2026 (unaudited) andJanuary 24, 2025 (unaudited)6e. Notes to Condensed Consolidated Financial Statements (unaudited)7Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations13Item 3. Quantitative and Qualitative Disclosures about Market Risk20Item 4. Controls and Procedures20Part II. Other Information21Item 1. Legal Proceedings21Item 1A. Risk Factors21Item 2. Unregistered Sales of Equity Securities and Use of Proceeds21Item 3. Defaults Upon Senior Securities21Item 4. Mine Safety Disclosures21Item 5. Other Information21Item 6. Exhibits22Signatures232 Item 1. e. (dollars in thousands) Note 1 –Summary of Significant Accounting Policies: The unaudited Condensed Consolidated Financial Statements of Bridgford Foods Corporation (the “Company”, “we”, “our”, “us”) forthe twelve weeks ended January 23, 2026 and January 24, 2025 have been prepared in accordance with U.S. generally acceptedaccounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of RegulationS-X, and include all adjustments considered necessary by management for a fair presentation of the interim periods. This QuarterlyReport on Form 10-Q for our first fiscal quarter ended January 23, 2026 (this “Report”) should be read in conjunction with the The October 31, 2025, balance sheet amounts within these interim Condensed Consolidated Financial Statements were derived from The preparation of Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimatesand assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of thedate of the financial statements and the reported revenues and expenses during the reporting periods. Some of the estimates made bymanagement include the allowance for doubtful accounts, promotional and returns allowances, inventory reserves, the estimated usefullives of property, plant and equipment, and the valuation allowance for the Company’s deferred tax assets. Management determines theamounts to record based on historical experience and various other assumptions that we view as reasonable under the circumstances Financial instruments that subject the Company to credit risk consist primarily of cash and cash equivalents, accounts receivable,accounts payable, accrued payroll, and notes payable. The carrying amount of these instruments approximate fair market value due totheir short-term maturity or market interest rates. The Company has accounts with nationally recognized financial institutions in excessof the Federal Deposit Insurance Corporation insurance coverage limit. The Company has not experienced any losses in these accountsand believes it is not exposed to any significant credit risk with regard to its cash and cash equivalents. The Company grants payment Cash and cash equivalents totaled $4,813 as of January 23, 2026, all of which were held at Wells Fargo Bank N.A. (“Wells Fargo”),except for $100 with Bank of America. Cash and cash equivalents totaled $876 as of October 31, 2025, all of which were held at Wells Comprehensive income or loss Comprehensive income or loss consists of net loss and additional minimum pension liability adjustments. There were no differencesbetween net loss and comprehensive loss during each of the twe