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Bridgford Foods fiscal Q1 profit climbs YOY

Bridgford Foods Corp. said its normalized net income for the fiscal first quarter ended Jan. 22 amounted to 24 cents per share, a gain from 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.1 million, a gain from $250,630 in the year-earlier period.

The normalized profit margin rose to 5.9% from 0.7% in the year-earlier period.

Total revenue rose on an annual basis to $36.2 million from $34.7 million, and total operating expenses fell on an annual basis to $32.7 million from $34.3 million.

Reported net income increased year over year to $1.9 million, or 21 cents per share, from $467,000, or 5 cents per share.