Anaheim’s Bridgford Foods Reports 4% Rise in 4th-Quarter Income
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Bridgford Foods Corp., Anaheim producer of convenience foods, said net income for the fourth fiscal quarter totaled $2.7 million, or 24 cents a share, 4% higher than the $2.6 million, or 23 cents a share, reported a year ago. Sales for the quarter ended Oct. 29 were up 4% to $36.7 million.
Net income for the year rose 15% to a record $10 million, or 88 cents a share, from $8.7 million, or 77 cents a share, for the previous year. Sales advanced 3% to a record $138.8 million.
Despite the increases, the stock hit a 52-week low of $8 a share before rebounding a bit to close at $8.63, up 38 cents, in Nasdaq trading.
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