EARNINGS
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Bridgford Foods Inc.: The family-run company that has sizzled lately on the strength of products like microwaveable cheeseburgers reported a 25% gain in profit for its latest fiscal quarter.
The company, based in Anaheim, said Wednesday said that it earned $1.4 million, or 15 cents a share, for its second quarter, which ended May 1. That compared to $1.1 million, or 12 cents a share, for the same period a year earlier. Sales totaled $24.9 million, up 7.1% from $23.2 million.
For the first half of its fiscal year, Bridgford reported a profit of $2.4 million, or 26 cents a share, a 19% improvement over the $2 million, or 22 cents a share, a year earlier. Sales for the first half were $50 million, up 7% from $48.8 million for the first six months of fiscal 1991.
Bridgford has consistently shown profits recently despite the recession. At plants in Anaheim and elsewhere in the country, it makes a variety of food products such as processed meats and sausage sold in delicatessens and frozen bread dough that is baked and served in restaurants.
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