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Bridgford Foods fiscal Q4 profit falls YOY

Bridgford Foods Corp. said its normalized net income for the fiscal fourth quarter ended Oct. 30, 2015, was 24 cents per share, compared with 24 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.2 million, a decrease from $2.2 million in the prior-year period.

The normalized profit margin fell to 5.1% from 5.2% in the year-earlier period.

Total revenue grew year over year to $42.6 million from $41.8 million, and total operating expenses climbed year over year to $39.1 million from $38.3 million.

Reported net income came to $10.9 million, or $1.20 per share, compared to a loss of $915,000, or a loss of 10 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled $5.0 million, a gain from $34,380 in the prior year.

Full-year total revenue declined from the prior-year period to $130.4 million from $133.4 million, and total operating expenses decreased 8.2% on an annual basis to $122.5 million from $133.3 million.

The company said reported net income totaled $15.4 million, or $1.70 per share, in the full year, compared with a loss of $4.3 million, or a loss of 48 cents per share, the prior year.