Bridgford Foods Corporation (Nasdaq BRID) Announces Earnings for the Third Quarter of Fiscal Year 2007

Bridgford Foods Corporation (Nasdaq:BRID) today reported sales for the third quarter (12 weeks) ended July 13, 2007 were $26,686,000, a decrease of 5.3% compared to sales in the third twelve weeks of the prior fiscal year. The Company reported net income of $33,000 in the third quarter of fiscal year 2007 compared to net income of $224,000 in the same quarter of fiscal year 2006. Sales for the first thirty-six weeks of the 2007 fiscal year were $86,893,000, a 4.6% decrease compared to the same period in 2006. The Company incurred a net loss of $199,000 in the first thirty-six weeks of 2007 compared to net income of $158,000 in the first thirty-six weeks of last year. Bridgford Foods Corporation is a producer of frozen dough, microwaveable sandwiches, dry sausages, processed meats and other convenience food products. BRIDGFORD FOODS CORPORATION FINANCIAL HIGHLIGHTS (UNAUDITED)     12 Weeks Ended   12 Weeks Ended Jul 13, 2007   Jul 7, 2006   Sales $ 26,686,000 $ 28,169,000 Cost of products sold, excluding depreciation $ 16,954,000 $ 17,024,000 Selling, general & administrative expenses $ 8,936,000 $ 10,019,000 Depreciation $ 717,000 $ 892,000 Income (loss) before taxes $ 79,000 $ 234,000 Income tax provision (benefit) $ 46,000 $ 10,000 Net income (loss) $ 33,000 $ 224,000 Basic income (loss) per share $ 0.00 $ 0.02 Average shares outstanding 9,924,000 9,964,000     36 Weeks Ended   36 Weeks Ended Jul 13, 2007 Jul 7, 2006   Sales $ 86,893,000 $ 91,049,000 Cost of products sold, excluding depreciation $ 56,454,000 $ 58,087,000 Selling, general & administrative expenses $ 28,380,000 $ 30,230,000 Depreciation $ 2,280,000 $ 2,676,000 Gain on sale of equity securities $ (106,000 ) Income (loss) before taxes $ (221,000 ) $ 162,000 Income tax provision (benefit) $ (22,000 ) $ 4,000 Net income (loss) $ (199,000 ) $ 158,000 Basic income (loss) per share $ (0.02 ) $ 0.02 Average shares outstanding 9,940,000 9,968,000