Bridgford Foods Corp.: The Anaheim producer of...
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Bridgford Foods Corp.: The Anaheim producer of convenience food products posted a 31% decline in net income for the first quarter ended Feb. 2, while sales rose 5%.
Profit fell to $938,869, or 10 cents a share, from $1.4 million, or 14 cents a share, for the corresponding period a year ago. Sales totaled $29.9 million, up from $28.5 million.
The company attributed the reduced earnings primarily to higher commodity costs for pork and wheat products.
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