Bridgford Foods Corp. said its normalized net income for the fiscal second quarter ended April 17 was 13 cents per share, compared with a loss of 9 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 $1.2 million, compared with a loss of $800,000 in the prior-year period.
The normalized profit margin increased to 5.0% from negative 2.6% in the year-earlier period.
Total revenue declined 14.6% year over year to $26.7 million from $31.2 million, and total operating expenses decreased 23.6% from the prior-year period to $24.8 million from $32.5 million.
Reported net income came to $2.2 million, or 24 cents per share, compared to a loss of $1.3 million, or a loss of 14 cents per share, in the year-earlier period.