EX-99.1 2 a06-18147_1ex99d1.htm EX-99

Exhibit 99.1

For release Western Circuit and Analyst Wire.

August 16, 2006

BRIDGFORD FOODS CORPORATION ANNOUNCES IMPROVED RESULTS FOR THIRD QUARTER

Anaheim, California - Bridgford Foods Corporation (Nasdaq: BRID) today reported sales for the third quarter (12 weeks) ended July 7, 2006 of $28,169,000, an increase of 1.9% compared to sales in the third twelve weeks of the prior fiscal year.  The Company reported net income of $224,000 in the third quarter of 2006 compared to a net income of $243,000 in the same quarter of 2005.

Sales for the first thirty-six weeks of the 2006 fiscal year were $91,049,000, a 2.3% increase compared to the same period in 2005.  The Company reported net income of $158,000 in the first thirty-six weeks of 2006 compared to a net loss of $603,000 in the first thirty-six weeks of last year.  The gross margin increased on a comparative basis due primarily to higher unit selling prices, a more profitable product mix 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
		July 7, 2006			July 8, 2005
Sales		$	28,169,000		$	27,656,000
Cost of sales		$	17,024,000		$	17,241,000
Selling, general & administrative expenses		$	10,019,000		$	9,321,000
Depreciation		$	892,000		$	1,028,000
Income before taxes		$	234,000		$	66,000
Income tax provision (benefit)		$	10,000		$	(177,000	)
Net income		$	224,000		$	243,000
Basic income per share		$	0.02		$	0.03
Average shares outstanding		9,964,000			9,994,000

		36 Weeks Ended			36 Weeks Ended
		July 7, 2006			July 8, 2005
Sales		$	91,049,000		$	88,961,000
Cost of sales		$	58,087,000		$	57,672,000
Selling, general & administrative expenses		$	30,230,000		$	29,503,000
Depreciation		$	2,676,000		$	3,085,000
Gain on sale of equity securities		$	(106,000	)	—
Income (loss) before taxes		$	162,000		$	(1,299,000	)
Income tax provision (benefit)		$	4,000		$	(696,000	)
Net income (loss)		$	158,000		$	(603,000	)
Basic income (loss) per share		$	0.02		$	(0.06	)
Average shares outstanding		9,968,000			9,998,000

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