Bridgford Foods

BRID

Market cap $68.8M

Inflation is crushing Bridgford Foods' business model today. Commodity inflation is pressuring margin profitability of their products, especially in the Snack Foods division. BRID is unable to increase prices high enough to offset inflationary costs.

Bridgford Foods (NASDAQ: BRID ) just reported results for the third quarter of 2024. Bridgford Foods reported earnings per share of -20 cents.

Bridgford Foods receives a buy rating due to its market price trading below its tangible book value and potential for growth when market headwinds subside. The company is going through inflationary pressures that have persisted over the past 2 years materially damaging margins. I believe there is hidden value on the balance sheet due to GAAP accounting rules.