EX-99.1 2 a06-12672_1ex99d1.htm EX-99

Exhibit 99.1

For release Western Circuit and Analyst Wire.

May 26, 2006

BRIDGFORD FOODS CORPORATION (NASDAQ BRID) ANNOUNCES IMPROVED RESULTS FOR SECOND QUARTER

Anaheim, California - Bridgford Foods Corporation (Nasdaq: BRID) today reported sales for the second quarter (12 weeks) ended April 14, 2006 of $28,305,000, an increase of 2.1% compared to sales in the second twelve weeks of the prior fiscal year. The Company reported net income of $72,000 in the second quarter of 2006 compared to a net loss of $650,000 in the same quarter of 2005.

Sales for the first half (24 weeks) of the 2006 fiscal year were $62,880,000, a 2.6% increase compared to the same period in 2005. The Company incurred a net loss of $65,000 in the first half of 2006 compared to a net loss of $846,000 in the first half of last year. The gross margin increased slightly on a comparative basis due primarily to higher selling prices and lower meat commodity costs.

Bridgford Foods Corporation is a producer of frozen dough, microwaveable and shelf-stable sandwiches, dry sausages, processed meats and other convenience food products.

BRIDGFORD FOODS CORPORATION

FINANCIAL HIGHLIGHTS

(UNAUDITED)

		12 Weeks Ended			12 Weeks Ended
		Apr 14, 2006			Apr 15, 2005
Sales		$	28,305,000		$	27,714,000
Cost of sales		$	17,510,000		$	17,860,000
Selling, general & administrative expenses		$	9,841,000		$	9,874,000
Depreciation		$	892,000		$	1,029,000
Gain on sale of equity securities		$	(106,000	)
Income (loss) before taxes		$	168,000		$	(1,049,000	)
Income tax provision (benefit)		$	96,000		$	(399,000	)
Net income (loss)		$	72,000		$	(650,000	)
Basic income (loss) per share		$	0.01		$	(0.07	)
Average shares outstanding		9,966,000			9,998,000

		24 Weeks Ended			24 Weeks Ended
		Apr 14, 2006			Apr 15, 2005
Sales		$	62,880,000		$	61,305,000
Cost of sales		$	41,063,000		$	40,431,000
Selling, general & administrative expenses		$	20,211,000		$	20,182,000
Depreciation		$	1,784,000		$	2,057,000
Gain on sale of equity securities		$	(106,000	)
Loss before taxes		$	(72,000	)	$	(1,365,000	)
Income tax benefit		$	(7,000	)	$	(519,000	)
Net loss		$	(65,000	)	$	(846,000	)
Basic loss per share		$	0.00		$	(0.08	)
Average shares outstanding		9,970,000			9,999,000

CONTACT:	Bridgford Foods Corporation
	R. Lancy, 714/526-5533