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 UNITED
STATES

 SECURITIES
AND EXCHANGE COMMISSION

 Washington,
D.C. 20549

 FORM

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the fiscal year ended November 3, 2023

 Commission
file number: 000-02396

 (Exact
name of Registrant as specified in its charter)

 California

 95-1778176

 (State
 of incorporation)

 (I.R.S.
 Employer Identification No.)

 1707
South Good-Latimer Expressway

 Dallas,
 Texas 75226

 (Address
of principal executive offices)

 (214) 428-1535

 (Registrant's
telephone number, including area code)

 Securities
registered pursuant to Section 12(b) of the Act:

 Title
 of each class

 Trading
 Symbol(s)

 Name
 of each exchange on which registered

 Common
 Stock

 BRID

 Nasdaq
 Global Market

 Securities
registered pursuant to Section 12(g) of the Act: None

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No

by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit such files). Yes No

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,"
"smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act:

 Large
 accelerated filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller
 reporting company

 Emerging
 growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recover period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 The
aggregate market value of voting stock held by non-affiliates of the registrant on April 14, 2023, was $ 21,180,000.

 As
of January 26, 2024, there were 9,076,832 shares of common stock outstanding.

 Portions
of the registrant's definitive proxy statement on Schedule 14A relating to the registrant's 2024 annual meeting of stockholders,
to be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year covered by this Annual Report
on Form 10-K, are incorporated by reference in Part III, Items 10-14, within this Annual Report on Form 10-K.

TO FORM 10-K

 Page

 Item 1. Business

 Item 1A. Risk Factors

 Item 1B. Unresolved Staff Comments

 Item 1C. Cybersecurity

 Item 2. Properties

 Item 3. Legal Proceedings

 Item 4. Mine Safety Disclosures

 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 Item 6. [Reserved]

 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

 Item 7A. Quantitative and Qualitative Disclosures About Market Risk

 Item 8. Financial Statements and Supplementary Data

 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

 Item 9A. Controls and Procedures

 Item 9B. Other Information

 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 Item 10. Directors, Executive Officers and Corporate Governance

 Item 11. Executive Compensation

 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item 13. Certain Relationships and Related Transactions, and Director Independence

 Item 14. Principal Accountant Fees and Services

 Item 15. Exhibits and Financial Statement Schedules

 Item 16. Form 10-K Summary

 SIGNATURES

 PART
I

 Item
1. Business

 This
Annual Report on Form 10-K (this "Report") contains certain forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and Bridgford Foods Corporation intends that such forward-looking statements be subject to the safe harbors created thereby. Readers
are cautioned that such statements, which may be identified by words including "anticipates," "believes," "intends,"
"estimates," "expects," and similar expressions, are only predictions or estimations and are subject to known
and unknown risks and uncertainties. These forward-looking statements include, but are not limited to, statements regarding the following:
general economic and business conditions; the impact of competitive products and pricing; success of operating initiatives; development
and operating costs; advertising and promotional efforts; adverse publicity; acceptance of new product offerings; consumer trial and
frequency; changes in business strategy or development plans; availability, terms and deployment of capital; availability of qualified
personnel; commodity, labor, and employee benefit costs; supply chain constraints and resulting cost pressures; changes in, or failure
to comply with, government regulations; weather conditions; construction schedules; relationships with customers and suppliers; and other
factors referenced in this Report.

 The
forward-looking statements included herein are based on current expectations that involve a number of risks and uncertainties. These
forward-looking statements are based on assumptions regarding our business, which involve judgments with respect to, among other things,
future economic and competitive conditions, and future business decisions, all of which are difficult or impossible to predict accurately
and many of which are beyond our control. Although we believe that the assumptions underlying the forward-looking statements are reasonable,
actual results may differ materially from those set forth in the forward-looking statements. In light of the significant uncertainties
inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as representation
by us or any other person that the objectives or plans of our company will be achieved. The forward-looking statements contained herein
speak as of the date of this Report and we undertake no obligation to update such statements after the date hereof.

 Background
of Business

 Bridgford
Foods Corporation (collectively with its subsidiaries, "Bridgford", the "Company", "we", "our"),
a California corporation, was organized in 1952. We originally began operations in 1932 as a retail meat market in San Diego, California
and evolved into a meat wholesaler for hotels and restaurants, a distributor of frozen food products, a processor and packer of meat,
and a manufacturer and distributor of frozen food products for sale on a retail and wholesale basis. Currently, we are primarily engaged
in the manufacturing, marketing, and distribution of an extensive line of frozen and snack food products throughout the United States.
We have not been involved in any bankruptcy, receivership, or similar proceedings since inception nor have we been party to any merger,
acquisition, etc. or acquired or disposed of any material amounts of assets during the past five years other than those discussed in
Item 7 of this Report. Substantially all of our assets have been acquired in the ordinary course of business.

 Description
of Business

 Bridgford
currently operates in two business segments - the processing and distribution of frozen food products and the processing and distribution
of snack food products. For information regarding the separate financial performance of the business segments refer to Note 7 of the
Notes to Consolidated Financial Statements included in this Report.

 The
following table shows sales, as a percentage of consolidated sales, for each business segment during the last two fiscal years:

 2023

 2022

 Frozen Food Products

 %

 %

 Snack Food Products

 %

 %

 %

 %

 We
manufacture nearly all of our food products and distribute an extensive line of biscuits, bread dough items, roll dough items, dry sausage
products and beef jerky. Our direct store delivery network consists of non-refrigerated snack food products. Our frozen food products
division serves both food service and retail customers.

 Although
we have recently introduced several new products, most of these products have not contributed significantly to our revenue growth for
fiscal year 2023. Our sales are not subject to material seasonal variations. Historically we have been able to respond quickly to the
receipt of orders and, accordingly, do not maintain a significant sales backlog. Neither Bridgford nor its industry generally has unusual
demands or restrictions on working capital items. During the last fiscal year, we did not enter into any new markets or any significant
contractual or other material relationships.

 Product
Distribution Methods

 Our
products are delivered to customers using several distinct distribution channels. The distribution channel utilized is dependent upon
the needs of our customers, the most efficient proximity to the delivery point, trade customs, and operating segment as well as product
type, life, and stability. Among our customers are many of the country's largest broadline and specialty food service distributors.
These and other large-end purchasers occasionally go through extensive qualification procedures and our manufacturing capabilities are
subjected to thorough review by the end purchasers prior to our approval as a vendor. Large end purchasers typically select suppliers
that can consistently meet increased volume requirements on a national basis during peak promotional periods. We believe that our manufacturing
flexibility, national presence, and long-standing customer relationships should allow us to compete effectively with other manufacturers
seeking to provide similar products to our current large food service end purchasers, although no assurances can be given.

 The
factors that contribute to higher or lower margins generated from each method of distribution depend upon the accepted selling price,
level of involvement by our employees in setting up and maintaining displays, distance traveled, and fuel consumed by our Company-owned
fleet as well as freight and shipping costs depending on the distance the product travels to the delivery point. Management is continually
evaluating the profitability of product delivery methods, analyzing alternate methods, and weighing economic inputs to determine the
most efficient and cost-effective method of delivery to fulfill the needs of our customers.

 Major
Product Classes

 Frozen
Food Products

 Our
frozen food products division serves both food service and retail customers. We sell approximately 140 unique frozen food products through
approximately 780 wholesalers, cooperatives, and distributors.

 Frozen
Food Products – Food Service Customers

 The
food service industry is composed of establishments that serve food outside the home and includes restaurants, the food operations of
health care providers, schools, hotels, resorts, corporations, and other traditional and non-traditional food service outlets. Growth
in this industry has been driven by the increase in away-from-home meal preparation, which has accompanied the expanding number of both
dual income and single-parent households. Another trend within the food service industry is the growth in the number of non-traditional
food service outlets such as convenience stores, retail stores and supermarkets. These non-traditional locations often lack extensive
cooking, storage, or preparation facilities resulting in a need for pre-cooked and prepared foods similar to those we provide. The expansion
in the food service industry has also been accompanied by the continued consolidation and growth of broadline and specialty food service
distributors, many of which are long-standing customers.

 Frozen
Food Products – Retail Customers

 The
majority of our existing and targeted retail customers are involved in the resale of branded and private label packaged foods. The same
trends which have contributed to the increase in away-from-home meal preparation have also fueled the growth in easy to prepare, microwaveable
frozen and refrigerated convenience foods. Among the fastest growing segments is the frozen and refrigerated hand-held foods market.
This growth has been driven by improved product quality and variety and the increasing need for inexpensive and healthy food items that
require minimal preparation. Despite rapid growth, many categories of frozen and refrigerated hand-held foods have achieved minimal household
penetration. We believe we have been successful in establishing and maintaining supply relationships with certain selected leading retailers
in this market.

 Frozen
Food Products – Sales and Marketing

 Our
frozen food business covers the United States. Products produced by the Frozen Food Products segment are generally supplied to food service
and retail distributors who take title to the product upon shipment receipt through Company-leased long-haul vehicles. The Company plans
to shift away from Company-leased long-haul vehicles toward less costly transportation methods such as common carriers. In addition to
regional sales managers, we maintain a network of independent food service and retail brokers covering most of the United States. Brokers
are compensated on a commission basis. We believe that our broker relationships, in close cooperation with our regional sales managers,
are a valuable asset providing significant new product and customer opportunities. Regional sales managers perform several significant
functions for us, including identifying and developing new business opportunities and providing customer service and support to our distributors
and end purchasers through the effective use of our broker network.

 Our
annual advertising expenditures are directed towards retail and institutional customers. These customers participate in various special
promotional and marketing programs and direct advertising allowances we sponsor. We also invest in general consumer advertising in various
periodicals, and coupons to advertise in major markets. We direct advertising toward food service customers with campaigns in major industry
publications and through our participation in trade shows throughout the United States. Our advertising strategy includes our presence
on social media and online distribution of promotional material.

 Snack
Food Products

 During
fiscal year 2023, our snack food products division sold approximately 160 different items through customer-owned distribution centers
and a direct-store-delivery network serving approximately 20,000 supermarkets, mass merchandise and convenience retail stores located
in 50 states.

produced or distributed by the Snack Food Products segment are supplied to customers through either direct delivery to customer warehouses
or direct-store-delivery to retail locations. We utilize customer managed warehouse distribution centers to lower distribution cost.
Product delivered to the customer's warehouse is then distributed to the store where it is resold to the end consumer. Our direct-store-delivery
system focus emphasizes high quality service and supply of our premium branded products to our customers. We also provide the service
of setting up and maintaining the display and restocking our products.

 Snack
Food Products — Customers

 Our
customers are comprised of large retail chains and smaller "independent" operators. This part of our business is highly competitive.
Proper placement of our product lines is critical to selling success since most items could be considered "impulse" items
which are often consumed shortly after purchase. Our ability to sell successfully to this distribution channel depends on aggressive
marketing and maintaining relationships with key buyers.

 Snack
Food Products — Sales and Marketing

 Snack
food products are distributed across the United States. Regional sales managers perform several significant functions including identifying
and developing new business opportunities and providing customer service and support to our customers. We also utilize the services of
brokers, where appropriate, to support efficient product distribution and customer satisfaction. Bridgford is the primary sponsor for
several professional anglers that compete at the highest level of competitive bass fishing.

 Product
Planning and Research and Development

 We
continually monitor the consumer acceptance of each product within our extensive product line. Individual products are regularly added
to and deleted from our product line. Historically, the addition or deletion of any individual product has not had a material effect
on our operations at the end of the fiscal year. We believe that a key factor in the success of our products is our system of carefully
targeted research and testing of our products to ensure high quality and that each product matches an identified market opportunity.
The emphasis in new product introductions in the past several years has been on single-serve items. We are constantly striving to develop
new products to complement our existing product lines and improve processing techniques and formulas. We utilize an in-house test kitchen
and consultants to research and experiment with unique food preparation methods, improve quality control and analyze new ingredient mixtures.

 Competition

 Our
products are sold under highly competitive conditions. All food products can be considered competitive with other food products, but
we consider our principal competitors to include national, regional, and local producers and distributors of refrigerated, frozen and
non-refrigerated snack food products. Several of our competitors include large companies with substantially greater financial and marketing
resources than ours. Existing competitors may broaden their product lines and potential competitors may enter or increase their focus
on our markets, resulting in greater competition for us. We believe that our products compete favorably with those of our competitors.
Such competitors' products compete against ours for retail shelf space, institutional distribution, and customer preference.

 Effect
of Government Regulations

 Our
operations are subject to extensive inspection and regulation by the United States Department of Agriculture (the "USDA"),
the Food and Drug Administration (the "FDA"), and by other federal, state, and local authorities regarding the processing,
packaging, storage, transportation, distribution, and labeling of products that we manufacture, produce and process. Our processing facilities
and products are subject to continuous inspection by the USDA and/or other federal, state, and local authorities. The USDA has issued
strict regulations concerning the control of listeria monocytogenes in ready-to-eat meat and poultry products and contamination by food
borne pathogens such as E. coli and salmonella and implemented a system of regulation known as the Hazard Analysis Critical Control Points
("HACCP") program. The HACCP program requires all meat and poultry processing plants to develop and implement sanitary operating
procedures and other program requirements. OSHA oversees safety compliance and establishes certain employer responsibilities to help
"assure safe and healthful working conditions" and keep the workplace free of recognized hazards or practices likely to cause
death or serious injury. We believe that we are currently in compliance with governmental laws and regulations and that we maintain the
necessary permits and licenses relating to our operations.

 To
date, federal, state, and local environmental laws and regulations, including those relating to the discharge of materials into the environment,
have not had a material effect on our business.

 Importance
of Key Customers

 Sales
to Wal-Mart comprised 29.1% of revenues in fiscal year 2023 and 26.5% of total accounts receivable was due from Wal-Mart as
of November 3, 2023. Sales to Wal-Mart comprised 29.8% of revenues in fiscal year 2022 and 26.1% of total accounts receivable was
due from Wal-Mart as of October 28, 2022. Sales to Dollar General comprised 16.3% of revenues in fiscal year 2023 and 20.5%
of total accounts receivable was due from Dollar General as of November 3, 2023. Sales to Dollar General comprised 16.9% of
revenues in fiscal year 2022 and 19.9% of total accounts receivable was due from Dollar General as of October 28, 2022.

 Sources
and Availability of Raw Materials

 We
purchase large quantities of pork, beef, and flour. These ingredients are generally available from a number of different suppliers although
the availability of these ingredients is subject to seasonal variation. We build ingredient inventories to take advantage of downward
trends in seasonal prices or anticipated supply limitations.

 We
purchase bulk flour under short-term fixed price contracts at current market prices. The contracts are usually effective for and settle
within three months or less. We monitor and manage our ingredient costs to help negate volatile daily swings in market prices when possible.
We do not participate in the commodity futures market or hedging to limit commodity exposure.

 Employees

 We
had 688 employees (671 full-time employees) as of November 3, 2023, approximately 44% of whose employment relationship is governed by
collective bargaining agreements. These agreements either "are currently", "have expired" or "will expire"
between September 2023 and March 2027. We believe that our relationship with all of our employees is favorable and that any pending contracts
will be settled favorably.

 Availability
of SEC Filings and Code of Conduct on Internet Website

 We
maintain a website at www.bridgford.com. Available through the "Investors" link on this website, free of charge, are our
annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments thereto, and reports filed under
Section 16 of the Securities Exchange Act, filed with the Securities and Exchange Commission. Our Code of Conduct is also available on
the website through the "Governance" link.

 Item
1A. Risk Factors

 In
addition to the other matters set forth in this Report, the continuing operations and the price of our common stock are subject to the
following risks, each of which could materially adversely affect our business, financial condition, and results of operations. The risks
described below are only the risks that we currently believe are material to our business. However, additional risks not presently known,
or risks that are currently believed to be immaterial, may also impair our business operations.

 We
are subject to general risks in the food industry, including, among other things, risk relating to changes in consumer preferences and
product contamination as well as general economic conditions, any of which risks, if realized, could negatively impact our operating
results and financial position.

 The
food industry, and the markets within the food industry in which we compete, are subject to various risks, including the following: evolving
consumer preferences, nutritional and health-related concerns, federal, state, and local food inspection and processing controls, consumer
product liability claims, risks of product tampering, and the availability and expense of liability insurance. The meat and poultry industries
are subject to scrutiny due to the association of meat and poultry products with recent outbreaks of illness, and on rare occasions even
death, caused by food borne pathogens. Product recalls are sometimes required in the food industry to withdraw contaminated or mislabeled
products from the market. Additionally, the failure to identify and react appropriately to changes in consumer trends, demands and preferences
could lead to, among other things, reduced demand, and price reduction for our products. Further, we may be adversely affected by changes
in domestic or foreign economic conditions, including inflation or deflation, interest rates, availability of capital markets, consumer
spending rates, and energy availability and costs (including fuel surcharges). These and other general risks related to the food industry,
if realized by us, could have a significant adverse effect on demand for our products, as well as the costs and availability of raw materials,
ingredients, and packaging materials, thereby negatively affecting our operating results and financial position.

 Climate change and related climate change regulations, including with
respect to greenhouse gas effects, may negatively affect our results of operations.

 Climate
change and rising global temperatures may contribute to changing weather patterns, droughts, heavier or more frequent storms and wildfires,
and increased frequency and severity of natural disasters. If such climate change has a negative impact on agricultural productivity,
we may have decreased availability or less favorable pricing for the raw materials necessary for our operations. Increased frequency
or duration of extreme weather conditions could cause disruptions in our operations and supply chain, or impact demand for our products.

 Increasing
concern over climate change also may result in additional legal or regulatory requirements designed to manage greenhouse gas emissions,
climate risks, and resulting environmental impacts. If such requirements are enacted, we could experience significant cost increases
in our operations and supply chain.

 Further,
such requirements may obligate us to make certain climate-related disclosures and set goals for reducing our carbon footprint.
While we are committed to mitigating our impact on the environment and to manage greenhouse gas emissions, there can be no assurance
that we will accomplish such goals. If we fail to achieve any such goals related to climate change or the related expectations
from stakeholders and consumers are not met, the resulting negative publicity could adversely impact our results of operations in part
as a consequence of changes in consumer preferences for our products.

 Fluctuations
in commodity prices and the availability of raw materials could negatively impact our financial results.

 We
purchase large quantities of commodity pork, beef, and flour. Historically, market prices for products we process have fluctuated in
response to a number of factors, including changes in the United States government farm support programs, changes in international agricultural
and trading policies, weather, and other conditions during the growing and harvesting seasons. Our operating results are heavily dependent
upon the prices paid for raw materials, as well as the available supply of commodities. Commodity costs have and may continue to fluctuate
due to political and economic conditions, including the ongoing conflict between Ukraine and Russia. The marketing of our value-added
products does not lend itself to instantaneous changes in selling prices. In addition, if we increase prices to offset higher costs,
we could experience lower demand for our products and sales volumes. Conversely, decreases in our commodity and other input costs may
create pressure on us to decrease our prices. Changes in selling prices are relatively infrequent and do not compare with the volatility
of commodity markets. Production and pricing of commodities, on the other hand, are determined by constantly changing market forces of
supply and demand over which we have limited or no control. Such factors include, among other things, weather patterns throughout the
world, outbreaks of disease, the global level of supply inventories and demand for grains and other feed ingredients, as well as agricultural
and energy policies of domestic and foreign governments. While fluctuations in significant cost structure components, such as ingredient
commodities and fuel prices, have had a significant impact on profitability over the last three years, the impact of general price inflation
on our financial position and results of operations has not been significant. However, current inflationary market conditions may have
a negative impact on future earnings. Future volatility of general price inflation or deflation and raw material cost and availability
could adversely affect our financial results.

 We
are subject to extensive government regulations and a failure to comply with such regulations could negatively impact our financial results.

 Our
operations are subject to extensive inspection and regulation by the USDA, FDA and by other federal, state, and local authorities regarding
the processing, packaging, storage, transportation, distribution, and labeling of products that are manufactured, produced, and processed
by us. Our processing facilities and products are subject to continuous inspection by the USDA and/or other federal, state, and local
authorities. The USDA has issued strict regulations concerning the control of listeria monocytogenes in ready-to-eat meat and poultry
products and contamination by food borne pathogens such as E. coli and salmonella and implemented a system of regulation known as the
HACCP program. The HACCP program requires all meat and poultry processing plants to develop and implement sanitary operating procedures
and other program requirements. OSHA oversees safety compliance and establishes certain employer responsibilities to help "assure
safe and healthful working conditions" and keep the workplace free of recognized hazards or practices likely to cause death or
serious injury. We believe that we are currently in compliance with governmental laws and regulations and that we maintain necessary
permits and licenses relating to our operations.

 A
failure to obtain or a loss of necessary permits and licenses could delay or prevent us from meeting current product demand and could
adversely affect our operating performance. Furthermore, we are routinely subject to new or modified laws, regulations, and accounting
standards. If found to be out of compliance with applicable laws and regulations in these or other areas, we could be subject to civil
remedies, including fines, injunctions, recalls, or asset seizures, as well as potential criminal sanctions, any of which could have
a significant adverse effect on our financial results.

 We
depend on our key management, the loss of which could negatively impact our operations.

 Our
executive officers and certain other key employees have been primarily responsible for the development and expansion of our business,
and the loss of the services of one or more of these individuals could adversely affect us. Our success will be dependent in part upon
our continued ability to recruit, motivate, and retain qualified personnel. We cannot assure that we will be successful in this regard.
We have no employment or non-competition agreements with key personnel. However, we have consulting agreements with each of (1) our former
Vice President and current director Allan L. Bridgford Sr., (2) our former Chief Financial Officer and current director Raymond F. Lancy,
(3) our former director and President of Bridgford Food Processing Corporation Allan Bridgford Jr.

 Labor
shortages and increased turnover or increases in employee and employee-related costs could have adverse effects on our profitability.

 We
have recently experienced increased labor shortages at some of our production facilities and other locations. We have historically experienced
some level of ordinary course of business turnover of employees. A number of factors have had and may continue to have adverse effects
on the labor force available to us, including reduced employment pools, federal unemployment subsidies, and other government regulations,
which include laws and regulations related to workers' health and safety, wage and hour practices and immigration. Labor shortages
and increased turnover rates within our team members have led to and could in the future lead to increased costs, such as increased overtime
to meet demand and increased wage rates to attract and retain employees and could negatively affect our ability to efficiently operate
our production facilities or otherwise operate at full capacity. An overall or prolonged labor shortage, lack of skilled labor, increased
turnover or labor inflation could have a material adverse impact on our operations, results of operations, liquidity, or cash flows.

 We
depend on our major customers and any loss of such customers could have a negative impact on our profitability.

 Sales
to Wal-Mart comprised 29.1% of revenues in fiscal year 2023 and 26.5% of total accounts receivable was due from Wal-Mart as
of November 3, 2023. Sales to Dollar General comprised 16.3% of revenues in fiscal year 2023 and 20.5% of total accounts receivable
was due from Dollar General as of November 3, 2023. Many of our customers, such as supermarkets, warehouse clubs, and food distributors
have consolidated in recent years. Such consolidation has produced large, sophisticated customers with increased buying power who are
more capable of operating with reduced inventories while demanding lower pricing and increased promotional programs. These customers
also may use their shelf space for their own private label products. Failure to respond to these trends could reduce our volume and cause
us to lower prices or increase promotional spending for our product lines, which could adversely affect our profitability.

 With
approximately 80% of our stock beneficially owned by the Bridgford family, there are risks that they can exert significant influence
or control over our corporate matters.

 Members
of the Bridgford family beneficially own, in the aggregate, approximately 80% of our outstanding stock. In addition, two members of the
Bridgford family currently serve on the Board of Directors and two members of the Bridgford family serve on the Executive Committee.
As a result, members of the Bridgford family have the ability to exert substantial influence or actual control over our management and
affairs and over substantially all matters requiring action by our shareholders, including amendments to by-laws, election and removal
of directors, any proposed merger, consolidation or sale of all or substantially all of our assets and other corporate transactions.
This concentration of ownership may also delay or prevent a change in control otherwise favored by our other shareholders and could depress
our stock price. Additionally, as a result of the Bridgford family's significant ownership of the outstanding voting stock, we
have relied on the "controlled company" exemption from certain corporate governance requirements of the NASDAQ stock market.
Therefore, among other things, we have elected not to implement the rule that provides for a nominating committee to identify and recommend
nominees to the Board of Directors and have instead elected to have the full Board of Directors perform such function. However, we have not elected to rely on the exemption with respect to our
compensation committee, which is made up entirely of independent directors and has sole authority to determine the compensation of our
executive officers, including our Chairman of the Board.

 We
participate in Multiemployer Pension Plans which could negatively impact our operations and profitability.

 We
participate in "multiemployer" pension plans administered by labor unions on behalf of their employees. We make monthly contributions
for healthcare and pension benefit obligations. The contribution amount may change depending upon the ability of participating companies
to fund these pension liabilities as well as the actual and expected returns on pension plan assets. Volatility in the capital markets
or interest rates can impact the market value of plan assets and cause volatility in the net periodic benefit cost and our future funding
requirements. The exact amount of cash contributions made to the pension plans in any year is dependent upon a number of factors, including
minimum funding requirements. In addition, should we withdraw from the union and cease participation in a union plan, federal law could
impose a penalty for additional contributions to the plan. The penalty would be recorded as an expense in the consolidated statement
of operations. The ultimate amount of the withdrawal liability is dependent upon several factors including the funded status of the plan
and contributions made by other participating companies. We continue to participate in other multiemployer union plans. In the event
of a full or partial withdrawal from these plans, the impact to our financial statements could be material.

 Eminent
domain and land risk regulations could negatively impact our financial results and financial position.

 We
own real property on which we operate our processing and/or our distribution operations. As is the case with any owner of real property,
we may be subject to eminent domain proceedings that can impact the value of investments we have made in real property as well as potentially
disrupt our business operations. If subject to eminent domain proceedings or other government takings, we may not be adequately compensated.

 Item
1B. Unresolved Staff Comments

 None.

 Item
1C. Cybersecurity

 Not

 Item
2. Properties

 We
own the following properties as of November 3, 2023:

 Property Location

 Building
 Square
 Footage

 Acreage

 Anaheim, California *

 100,000

 5.0

 Dallas, Texas *

 94,000

 4.0

 Dallas, Texas *

 30,000

 2.0

 Dallas, Texas *

 16,000

 1.0

 Dallas, Texas *

 3,200

 1.5

 Statesville, North Carolina *

 42,000

 8.0

 Chicago, Illinois **

 177,000

 8.0

 *

 -
 property used by Frozen Food Products Segment.

 **

 -
 property used by Snack Food Products Segment.

 We
utilize each of the foregoing properties for processing, warehousing, distributing and administrative purposes. We also lease warehouse
and/or office facilities throughout the United States through month-to-month rental agreements. We believe that our properties are generally
adequate to satisfy our foreseeable needs. Additional properties may be acquired and/or plants expanded if favorable opportunities and
conditions arise.

 Item
3. Legal Proceedings

 No
material legal proceedings were pending against us as of November 3, 2023, or as of the date of filing of this Report. We are likely
to be subject to claims arising from time to time in the ordinary course of our business. In certain of such actions, plaintiffs may
request punitive or other damages that may not be covered by insurance and, accordingly, no assurance can be given with respect to the
ultimate outcome of any such possible future claims or litigation or their effect on us. Any adverse litigation trends and outcomes could
significantly and negatively affect our financial results.

 Item
4. Mine Safety Disclosures

 Not

 PART
II

 Item
5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 Common
Stock and Dividend Data

 Our
common stock is traded on the Nasdaq Global Market under the symbol "BRID".

 As
of January 11, 2024, there were 969 shareholders of record in our common stock.

 The
payment of future dividends, if any, will be at the discretion of our Board of Directors and will depend upon future earnings, financial
requirements, and other factors.

 Unregistered
Sales of Equity Securities

 During
the period covered by this Report, we did not sell or issue any equity securities that were not registered under the Securities Act of
1933, as amended.

 Repurchases
of Equity Securities by the Issuer

 Our
stock repurchase program was approved by our Board of Directors in November 1999 and was expanded in June 2005. Under the stock repurchase
program, we are authorized, at the discretion of management and our Board of Directors, to purchase up to an aggregate of 2,000,000 shares
of our common stock on the open market. During fiscal years 2023 and 2022, we did not repurchase any shares of our common stock pursuant
to our stock repurchase program previously authorized by the Board of Directors. As of November 3, 2023, 120,113 shares remained authorized
for repurchase under the program.

 Item
6. [Reserved]

 Item
7. Management's Discussion and Analysis of Financial Condition and Results of Operations

 For
a complete understanding, this Management's Discussion and Analysis of Financial Condition and Results of Operations should be
read in conjunction with the Consolidated Financial Statements and Notes to the Consolidated Financial Statements contained in this Report.

 Certain
statements under "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere
in this Report constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934 (refer to Part I., Item 1. Business for more information).

 Results
of Operations (dollars in thousands)

 Fiscal
Year Ended November 3, 2023 (53 weeks) Compared to Fiscal Year Ended October 28, 2022 (52 weeks)

 Net
Sales-Consolidated

 Net
sales in fiscal year 2023 decreased $14,262 (5.4%) when compared to the prior fiscal year. The changes in net sales were comprised as
follows:

 Impact on Net Sales-Consolidated

 %

 $

 Selling price per pound

 1.5

 4,218

 Unit sales volume in pounds

 -5.4

 (15,410
)

 Returns activity

 -0.8

 (1,752
)

 Promotional activity

 -0.7

 (1,318
)

 Decrease in net sales

 -5.4

 (14,262
)

 Net
Sales-Frozen Food Products Segment

 Net
sales in the Frozen Food Products segment in fiscal year 2023 increased $1,384 (2.5%) compared to the prior fiscal year. The changes
in net sales were comprised as follows:

 Impact on Net Sales-Frozen Food Products

 %

 $

 Selling price per pound

 5.3

 3,345

 Unit sales volume in pounds

 -1.6

 (994
)

 Returns activity

 -0.2

 (123
)

 Promotional activity

 -1.0

 (844
)

 Increase in net sales

 2.5

 1,384

 The
increase in net sales for fiscal year 2023 primarily relates to higher selling prices per pound partially offset by lower unit sales
volume in pounds. The increase in net sales was primarily driven by a significant increase in volume to institutional customers and an
increase in selling price per pound due to price increases implemented during the fourth quarter of fiscal year 2023. Other institutional
Frozen Food Products sales, including sheet dough and rolls, increased 8% by volume and retail sales volume increased 2%. Returns activity
increased compared to the 2022 fiscal year. Promotional activity was higher in fiscal year 2023 as a percentage of sales due to increased
sales to high promotion customers.

 Net
Sales-Snack Food Products Segment

 Net
sales in the Snack Food Products segment in fiscal year 2023 decreased $15,646 (7.5%) compared to the prior fiscal year. The changes
in net sales were comprised as follows:

 Impact on Net Sales-Snack Food Products

 %

 $

 Selling price per pound

 0.4

 Unit sales volume in pounds

 -6.5

 (14,416
)

 Returns activity

 -1.0

 (1,629
)

 Promotional activity

 -0.4

 (474
)

 Decrease in net sales

 -7.5

 (15,646
)

 Net
sales of Snack Food Products decreased due to lower sales through our direct-store-delivery distribution channel during the fiscal year
2023. The weighted average selling price per pound increased compared to fiscal year 2022 due to price increases implemented in response
to increased meat commodity input costs experienced in fiscal year 2022. Unit sales volume in pounds was lower as compared to the prior
fiscal year. We believe demand decreased primarily due to inflationary pressure on consumer spending habits as consumers have pulled
back on meat product purchases. Returns activity was higher compared to the 2022 fiscal year. Promotional offers increased slightly compared
to fiscal year 2022.

 Cost
of Products Sold and Gross Margin-Consolidated

 Cost
of products sold from continuing operations decreased by $12,558 (6.5%) during fiscal year 2023 compared to the prior fiscal year. The
gross margin increased from 27.1% to 28.0% during fiscal year 2023 compared to the prior fiscal year.

 Change in Cost of Products Sold by Segment

 $

 Consolidated
%

 Commodity $
 Decrease

 Frozen Food Products Segment

 2,080

 1.1

 (164
)

 Snack Food Products Segment

 (14,638
)

 -7.6

 (7,737
)

 Total

 (12,558
)

 -6.5

 (7,901
)

 Cost
of Products Sold and Gross Margin–Frozen Food Products Segment

 Cost
of products sold in the Frozen Food Products segment increased by $2,080 (5.1%) in fiscal year 2023 compared to the prior fiscal year.
Increased volume and changes in the product mix were the primary contributing factors to this increase. The cost of purchased flour decreased
approximately $164, which partially offset the increase in costs of goods sold. The gross margin percentage decreased from 26.9% to 25.1%
during fiscal year 2023 compared to the prior fiscal year.

 Cost
of Products Sold and Gross Margin–Snack Food Products Segment

 Cost
of products sold in the Snack Food Products segment decreased by $14,638 (9.6%) during fiscal year 2023 compared to the prior fiscal
year due primarily to lower unit sales volume in our direct-store-delivery distribution channel. The cost of meat commodities decreased
approximately $7,737 during fiscal year 2023 compared to the prior fiscal year due to favorable fluctuations in commodity markets. We
increased our net realizable value reserve by $161 during fiscal year 2023 after determining that the market value on some meat products
was less than the costs associated with production and sale of the product. We maintained a net realizable reserve of $513 on products
as of November 3, 2023. The gross margin earned in this segment increased from 27.1% to 28.8% during fiscal year 2023.

 Selling,
General and Administrative Expenses-Consolidated

 Selling,
general and administrative expenses ("SG&A") in fiscal year 2023 increased $332 (0.5%) when compared to the prior fiscal
year. The increase in this category did not directly correspond to the change in sales.

 The
table below summarizes the primary expense variances in this category:

 Expense Increase
 (Decrease)

 Wages and bonus

 $
 26,716

 $
 27,937

 $
 (1,221
)

 Outside storage

 1,630

 Insurance expenses

 2,069

 1,355

 Healthcare cost

 2,721

 3,265

 (544
)

 Travel expenses

 2,570

 2,151

 Fuel expenses

 2,119

 2,524

 (405
)

 Pension cost

 (1,160
)

 (904
)

 (256
)

 Postage expenses

 (213
)

 Storage unit rent

 2,638

 2,420

 Vehicle repairs and maintenance

 1,590

 1,374

 Other SG&A

 24,202

 23,519

 Total - SG&A

 65,567

 65,235

 Lower
sales commissions resulted in lower wages and bonus expenses in the 2023 fiscal year compared to the 2022 fiscal year. Outside storage
increased primarily as a result of the need for additional warehouse capacity to store products. The increase in insurance expenses was
driven by higher premiums on property insurance and increased reserves on aged claims. Healthcare costs have decreased due to favorable
claim trends. Travel expenses increased due to participation in food shows and in-person business meetings. The decrease in fuel expense
was driven by per gallon fuel price decreases compared to the prior year as a result of lower cost trends in petroleum markets and to
a lesser extent due to a reduction in the number of company-owned long-haul trucks. The decrease in pension cost was a result of an increase
in pension plan assets caused by the performance of the underlying markets that support them as well as higher pension discount rates
resulting in lower liability. Postage expenses have decreased due to partnering with outside distributors and carriers to transport products
to minimize postage expenses. Rent for storage units that house inventory increased due to inflationary price pressure. Vehicle repairs
and maintenance on vehicles have increased compared to the prior year period mainly due to an aging fleet. None of the changes individually
or as a group of expenses in "Other SG&A" were significant enough to merit separate disclosure. The major components
comprising the increase of "Other SG&A" expenses were higher product advertising expenses, sales taxes, office supplies
and professional fees.

 Selling,
General and Administrative Expenses-Frozen Food Products Segment

 SG&A
expenses in the Frozen Food Products segment decreased by $171 (1.2%) during fiscal year 2023 compared to the prior fiscal year. The
overall decrease in SG&A expenses was due to lower unit sales volume and lower fuel expenses related to a reduction in the number
of company-owned long-haul trucks partially offset by an increase in insurance expenses and broker commissions.

 Selling,
General and Administrative Expenses-Refrigerated and Snack Food Products Segment

 SG&A
expenses in the Snack Food Products segment increased by $503 (1.0%) during fiscal year 2023 compared to the prior fiscal year. Most
of the increase was due to higher property insurance expense, higher outside storage fees and higher vehicle repairs partially offset
by lower fuel and healthcare costs.

 Loss
(Gain) on Sale of Property, Plant and Equipment

 The
loss during fiscal year 2023 and gain during fiscal year 2022 was due to ordinary disposal of assets and the sale of real property located
at 170 N. Green Street in Chicago, respectively.

 Income
Taxes

 Income
tax for fiscal years 2023 and 2022, respectively, was as follows:

 Provision for (benefit on) income taxes

 $
 1,021

 $
 16,341

 Effective tax rate

 22.7
 %

 26.6
 %

 We
recorded a tax provision of $1,021 and $16,341, for fiscal years 2023 and 2022, respectively, related to federal and state taxes, based
on the Company's expected annual effective tax rate. The effective tax rate was 22.7% and 26.6% for fiscal years 2023 and 2022,
respectively. In addition, the effective tax rates for fiscal years 2023 and 2022 were impacted by such items as non-deductible meals
and entertainment, non-taxable gains and losses on life insurance policies and state income taxes. (Refer to Note 4 of Notes to Consolidated
Financial Statements for more information).

 Liquidity
and Capital Resources (dollars in thousands)

 The
principal source of our operating cash flow is cash receipts from the sale of our products, net of costs to manufacture, store, market
and deliver such products. We normally fund our operations from cash balances and cash flow generated from operations. However, on June
1, 2022, we received approximately $60,000 in gross proceeds, from the closing of the sale of real property located at 170 N. Green Street
in Chicago pursuant to the terms of the Purchase and Sale Agreement dated March 16, 2020, as amended, between Bridgford Food Processing
Corporation and CRG Acquisition, LLC (the "CRG Purchase Agreement"). Additionally, we have maintained a revolving line of
credit with Wells Fargo Bank, N.A. pursuant to the terms of the credit agreement dated March 1, 2018, as amended to date. We borrowed
an aggregate of $18,000 under such revolving line of credit from inception through January 24, 2022. The line of credit was paid off
on June 7, 2022, using $18,000 in proceeds from the sale of real property at 170 N. Green Street. The revolving line of credit continued
in effect per its terms until November 30, 2023, when it was replaced with a new revolving line of credit as described below. Further,
we entered into a bridge loan with Wells Fargo Bank, N.A. on August 30, 2021, for up to $25,000, of which we used $18,653 to pay off
a portion of our existing equipment loans as they came out of the lock out period and could be prepaid. We prepaid and terminated the
bridge loan on June 2, 2022, using $18,653 in proceeds from the sale of real property at 170 N. Green Street.

 On
November 30, 2023, we entered into a fifth amendment to the credit agreement with Wells Fargo Bank, N.A., and also executed a new revolving
line of credit note pursuant to the amendment. Under the terms of this amendment and the revolving line of credit note, we may borrow
up to $7,500 from time to time up to November 30, 2024. As of November 3, 2023, we had $1,045 of current debt on equipment loans, $69,496
of net working capital and $7,500 available under our revolving line of credit with Wells Fargo Bank, N.A. Refer to the Notes to the
Condensed Consolidated Financial Statements included within this Report for further information. The Company was in compliance with all
loan covenants as of November 3, 2023.

 Despite
higher commodity costs like we experienced in fiscal year 2022, we may not be able to increase our product prices in a timely manner
or sufficiently to offset such increased commodity costs due to consumer price sensitivity, pricing in relation to competitors and the
reluctance of retailers to accept the price increase. Instances of higher interest rates, labor shortages or supply chain issues could
result in material changes in the Company's liquidity. Higher product prices could potentially lower demand for our product and
decrease volume. Management believes there are various options available to generate additional liquidity to repay debt or fund operations
such as mortgaging real estate, should that be necessary. Our ability to increase liquidity will depend upon, among other things, our
business plans and the performance of operating divisions and economic conditions of capital markets. If we are unable to increase liquidity
through mortgaging real estate or additional borrowing, or generate positive cash flow necessary to fund operations, we may not be able
to compete successfully, which could negatively impact our business, operations, and financial condition. With the cash expected to be
generated from the Company's operations, we anticipate that we will maintain sufficient liquidity to operate our business for at
least the next twelve months. We will continue to monitor the impact of inflation and interest rate volatility on our liquidity and,
if necessary, take action to preserve liquidity and ensure that our business can operate during these uncertain times.

 Cash
flows provided by (used in) operating activities:

 $
 3,474

 $

 Adjustments to reconcile net income to net cash provided by (used in) operating activities:

 Depreciation and amortization

 6,558

 6,682

 Provision for losses on accounts receivable

 (Reduction in) provision for promotional allowances

 (679
)

 (98
)

 Loss (gain) on sale of property, plant and equipment

 (57,745
)

 Deferred income taxes, net

 (631
)

 5,070

 Changes in assets and liabilities

 (5,045
)

 (6,862
)

 Net cash provided by (used in) operating activities

 $
 3,985

 $
 (7,830
)

 For
the fifty-three weeks ended November 3, 2023, net cash provided by operating activities was $3,985, an increase of $11,815 compared to
the fifty-two weeks ended October 28, 2022. The increase in net cash provided by operating activities primarily relates to net income
of $3,474 and a reduction in accounts receivable of $6,480, partially offset by a decrease in accounts payable of $6,457 and lower non-current
liabilities of $1,836. During fiscal year 2023, we did not contribute towards our defined benefit pension plan. Plan funding strategies
may be adjusted depending upon economic conditions, investment options, tax deductibility, or legislative changes in funding requirements.

 Our
cash conversion cycle (defined as days of inventory and trade receivables less days of trade payables outstanding) was equal to 83 days
for the fifty-three weeks ended November 3, 2023, and 83 days for the fifty-two weeks ended October 28, 2022.

 For
the fifty-two weeks ended October 28, 2022, net cash used in operating activities was $7,830. The result was primarily related to a gain
on sale of property, plant, and equipment of $57,745, an increase in accounts receivable of $10,116 and an increase in inventory of $3,762,
partially offset by a decrease in refundable income taxes of $4,955 and an increase in deferred taxes of $5,070. During fiscal year 2022,
we did not contribute towards our defined benefit pension plan.

 Cash
flows (used in) provided by investing activities:

 Proceeds from sale of property, plant and equipment

 $

 $
 60,115

 Additions to property, plant and equipment

 (2,603
)

 (3,770
)

 Net cash (used in) provided by investing activities

 $
 (2,376
)

 $
 56,345

 Expenditures
for property, plant and equipment include the acquisition of equipment, upgrading of facilities to maintain operating efficiency and
investments in cost effective technologies to lower costs. In general, we capitalize the cost of additions and improvements and expense
the cost for repairs and maintenance. We received $60,000 in gross sales proceeds on June 1, 2022, from the closing of the real estate
transaction for the real property located at 170 N. Green Street, pursuant to the terms of the CRG Purchase Agreement. We may also capitalize
costs related to improvements that extend the life, increase the capacity, or improve the efficiency of existing machinery and equipment.
Specifically, capitalization of upgrades of facilities to maintain operating efficiency include acquisitions of machinery and equipment
used on packaging lines and refrigeration equipment used to process food products.

 The
table below highlights the additions to property, plant and equipment for the fifty-three and fifty-two weeks ended:

 Building and leasehold improvements

 $

 $

 Furniture and fixture

 -

 Temperature control

 -

 Processing equipment

 Packaging lines

 Vehicles for sales and/or delivery

 1,390

 Quality control and communication systems

 Computer software and hardware

 -

 Forklifts

 Change in projects in process

 1,639

 Additions to property, plant and equipment

 $
 2,603

 $
 3,770

 Expenditures
for additions to property, plant and equipment during the fifty-three weeks ended November 3, 2023, include projects in process of $837
related to the production facility in Chicago.

 Cash
flows used in financing activities:

 Payment of capital lease obligations

 $
 (1,151
)

 $
 (400
)

 Proceeds from bank borrowings

 -

 6,000

 Repayments of bank borrowings

 (1,083
)

 (38,157
)

 Net cash used in financing activities

 $
 (2,234
)

 $
 (32,557
)

 Our
stock repurchase program was approved by the Board of Directors in November 1999 and was expanded in June 2005. Under the stock repurchase
program, we were authorized, at the discretion of management and the Board of Directors, to purchase up to an aggregate of 2,000,000
shares of our common stock on the open market. As of the end of fiscal year 2023, 120,113 shares remained authorized for repurchase under
the program.

 The
Company leases three long-haul trucks pursuant to six-year leases that expire in 2025. Amortization of equipment under capital lease
was $96 in 2023. The Company also leased one long-haul truck for $75 during fiscal year 2022, and that lease term is two years.

 The
following table reflects major components of our line of credit and borrowing agreements as of November 3, 2023, and October 28, 2022,
respectively.

 Revolving credit facility

 $
 -

 $
 -

 Equipment notes:

 3.70% note due 12/21/26, out of lockout 12/23/21

 -

 -

 3.29% note due 03/05/27, out of lockout 03/06/22

 -

 -

 3.68% note due 04/16/27, out of lockout 04/17/22

 3,831

 4,913

 SOFR plus 2.00% bridge loan due 03/01/23

 -

 -

 Total debt

 3,831

 4,913

 Less current debt

 (1,045
)

 (1,089
)

 Total long-term debt

 $
 2,786

 $
 3,824

 Revolving
Credit Facility

 On
November 30, 2023, we entered into a fifth amendment to the credit agreement with Wells Fargo Bank, N.A. dated March 1, 2018, as
amended, and also executed a revolving line of credit note pursuant to the amendment. The revolving line of credit note replaces the
existing note that expired by its terms on November 30, 2023. Under the terms of this amendment and the revolving line of
credit note, we may borrow up to $7,500 from time to time up to November 30, 2024, at an interest rate equal to (a) the daily simple
secured overnight financing rate plus 2.0%, or if unavailable, (b) the prime rate, in each case as determined by the bank. The line
of credit has an unused commitment fee of 0.35% of the available loan amount, payable on a quarterly basis. Amounts may be repaid
and reborrowed during the term of the note. Accrued interest is payable on the first day of each month and the outstanding principal
balance and remaining interest are due and payable on November 30, 2024.

 Equipment
Notes Payable

 On
each of December 26, 2018, April 18, 2019, December 19, 2019, March 5, 2020, and April 17, 2020 (collectively referred to as the "Wells
Fargo Loan Agreements"), we entered into master collateral loan and security agreements with Wells Fargo Bank, N.A. Pursuant to
the Wells Fargo Loan Agreements, we owe the amounts as stated as equipment notes in the table on the previous page.

 Bridge
Loan

 On
August 30, 2021, we entered into a loan commitment note for a bridge loan of up to $25,000 to obtain capital to pay off the existing
equipment loans as they came out of the lock out period and could be prepaid. The outstanding principal balances of the bridge loan became
due and payable in full one Federal Reserve business day after the closing of the real estate transactions contemplated under the CRG
Purchase Agreement. We prepaid $18,653 in equipment loans utilizing proceeds from the new bridge loan. The Company evaluated the
exchange under ASC 470 and determined that the exchange should be treated as a debt modification prospectively. The Company accounted
for this transaction as a debt modification and did not incur any gain or loss relating to the modification. The debt modification did
not meet the greater than ten percent test and was deemed not substantial. We prepaid and terminated the bridge loan and related loan
commitment note on June 2, 2022, using $18,653 in proceeds from the gain on the sale of a land parcel in Chicago pursuant to the CRG
Purchase Agreement.

 Loan
Covenants

 The
Wells Fargo Loan Agreements and the credit agreement contain various affirmative and negative covenants that limit the use of funds and
define other provisions of the loans. Material financial covenants are listed below, and the capitalized terms are defined in the applicable
agreements:

 Total
 Liabilities divided by Tangible Net Worth not greater than 2.0 to 1.0 at each fiscal quarter end,

 Quick
 Ratio not less than 1.25 to 1.0 at each fiscal quarter end,

 Fixed
 Charge Coverage Ratio not less than 1.25 to 1.0 at each fiscal quarter end.

 As of November 3, 2023, the Company was in compliance with all covenants under the Wells Fargo Loan Agreements and the credit agreement.

 Aggregate
contractual maturities of debt in future fiscal years are as follows as of November 3, 2023:

 Debt Payable

 2024

 $
 1,044

 2025

 $
 1,083

 2026

 $
 1,124

 2027

 $

 Impact
of Inflation

 Our
operating results are heavily dependent upon the prices paid for raw materials. The marketing of our value-added products does not lend
itself to instantaneous changes in selling prices. Changes in selling prices are relatively infrequent and do not compare with the volatility
of commodity markets. All of our operating segments have been impacted by inflation, including higher costs for labor, freight, and specific
materials. We expect this trend to continue through fiscal year 2024. Management is of the opinion that the Company's financial
position and its capital resources are sufficient to provide for its operating needs and capital expenditures for fiscal year 2024. However,
future volatility of general price inflation or deflation and raw material cost and availability could adversely affect our financial
results.

 Off-Balance
Sheet Arrangements

 We
do not currently have any off-balance sheet arrangements within the meaning of Item 303(b) of Regulation S-K.

 Contractual
Obligations

 Except
as described above, we had no other debt or other contractual obligations within the meaning of Item 303(b) of Regulation S-K, as of
November 3, 2023.

 Critical
Accounting Policies

 The
preparation of financial statements in conformity with generally accepted accounting principles requires management to make certain estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported revenues and expenses during the respective reporting periods. Actual results could
differ from those estimates. Amounts estimated related to liabilities for self-insured workers' compensation, employee healthcare
and pension benefits are especially subject to inherent uncertainties and these estimated liabilities may ultimately settle at amounts
not originally estimated. We record promotions, returns allowances, bad debt and inventory allowances based on recent and historical
trends. Management believes its current estimates are reasonable and based on the best information available at the time.

 Disclosure
concerning our policies on credit risk, revenue recognition, cash surrender or contract value for life insurance policies, deferred income
tax and the recoverability of our long-lived assets are provided in Notes 1 and 4 of the Notes to the Consolidated Financial Statements.

 Recently
Issued Accounting Pronouncements and Regulations

 Various
accounting standard-setting bodies have been active in soliciting comments and issuing statements, interpretations, and exposure drafts.
For information on new accounting pronouncements and the impact, if any, on our financial position or results of operations, see Note
1 of the Notes to the Consolidated Financial Statements.

 Item
7A. Quantitative and Qualitative Disclosures About Market Risk

 Not
applicable for a smaller reporting company.

 Item
8. Consolidated Financial Statements and Supplementary Data

 The
Consolidated Financial Statements required by this Item are set forth in Part IV, Item 15 of this Report.

 Item
9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

 Not

 Item
9A. Controls and Procedures

 Evaluation
of disclosure controls and procedures

 Disclosure
controls and procedures are designed to help ensure that information required to be disclosed by us in our Exchange Act reports is recorded,
processed, summarized and reported within the time periods specified in the SEC's rules, regulations and forms, and that such information
is collected and communicated to our management, including our Chairman of the Board and Chief Financial Officer, as appropriate to allow
timely decisions regarding required disclosure.

 Our
management, with the participation and under the supervision of our Chairman of the Board and Chief Financial Officer, has evaluated
the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) as of the end of the period covered
by this Report. Based on this evaluation, the Chairman of the Board and Chief Financial Officer have concluded that our disclosure controls
and procedures were effective as of the end of the period covered by this Report.

 Our
management, including our Chairman of the Board and Chief Financial Officer, does not expect that our disclosure controls and internal
controls will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable,
not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact
that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of inherent limitations
in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any,
within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty,
and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of
some persons, by collusion of two or more people, or by management override of the control.

 The
design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can
be no assurance that any design will succeed in achieving our stated goals under all potential future conditions; over time, a control
may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.
Because of inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

 We
maintain and evaluate a system of internal accounting controls, and a program designed to provide reasonable assurance that our assets
are protected and that transactions are performed in accordance with proper authorization and are properly recorded. This system of internal
accounting controls is continually reviewed and modified in response to evolving business conditions and operations and to recommendations
made by our independent registered public accounting firm. We have established a code of conduct. Our management believes that the accounting
and internal control systems provide reasonable assurance that assets are safeguarded, and financial information is reliable.

 The
Audit Committee of the Board of Directors meets regularly with our financial management and counsel, and with the independent registered
public accounting firm engaged by us. Internal accounting controls and the quality of financial reporting are discussed during these
meetings. The Audit Committee has discussed with the independent registered public accounting firm matters required to be discussed by
Statement of Auditing Standards No. 16 (Communication with Audit Committees). In addition, the Audit Committee and the independent registered
public accounting firm have discussed the independent registered public accounting firm's independence from our Company and its
management, including the matters in the written disclosures required by Public Company Accounting Oversight Board Rule 3526 "Communicating
with Audit Committees Concerning Independence".

 Remediation
of previously reported material weakness

 As
reported in the Company's Form 10-K for year ended October 28, 2022, management previously identified a material weakness in internal
control over financial reporting due to the failure to timely report to accounting a change in lease terms from a month-to-month lease
to a five-year term lease. A material weakness (within the meaning of PCAOB Auditing Standard No. 5) is a deficiency, or a combination
of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement
of our annual or interim financial statements will not be prevented or detected on a timely basis. The material weakness warranted the
attention of the Audit Committee and those charged with governance.

implemented a remediation plan with steps that improved our internal control over financial reporting, including modifying the design
of the related internal controls to include verbal communication with plant managers on a quarterly basis, and expanding notification
to Operating Committee members which include key plant managers for feedback on any additional information on new contractual arrangements
for revenue, leases or other types of agreements impacting accounting. In the case of the lease misstatement, we believe the failure
to notify management was a one-time oversight and not indicative of a pattern or continuing weakness in the proper functioning of the
controls.

 The
Company's management, under the oversight of the Audit Committee, executed the remediation steps discussed above and, as a result
determined that, as of November 3, 2023, such material weakness has been remediated. Completion of remediation does not provide assurance
that our remediation or other controls will continue to operate properly or remain adequate. The enhanced controls have operated for
a sufficient period of time and management has concluded, through testing, that the related controls are effective. However, we cannot
be certain that other such material weaknesses and control deficiencies will not occur in the future. If material weaknesses are identified
in the future, or we are not able to comply with requirements of Section 404 of the Sarbanes-Oxley Act of 2002 in a timely manner, our
reported financial results could be materially misstated or we could be subject to investigations or sanctions by regulatory authorities,
which would require additional financial and management resources and the value of our common stock could decline.

 Section
404 of the Sarbanes-Oxley Act of 2002

 In
order to comply with the Sarbanes-Oxley Act of 2002, we have undertaken and continue a comprehensive effort, which includes the documentation
and review of our internal controls. In order to comply with the Sarbanes-Oxley Act, we centralized most accounting and many administrative
functions in an effort to control the cost of maintaining our control systems.

 The
Dodd-Frank Wall Street Reform and Consumer Protection Act permanently exempts smaller reporting companies with less than $75 million
in public float, such as the Company, from the requirement to obtain an external audit on the effectiveness of internal financial reporting
controls provided in Section 404(b) of the Sarbanes-Oxley Act. As a result, an attestation report on internal controls over financial
reporting by an independent registered public accounting firm has not been presented. Section 404(a) is still effective for smaller reporting
companies and requires the disclosure of management attestations on internal controls over financial reporting as set forth below.

 Management's
Annual Report on Internal Control Over Financial Reporting

 Our
management is responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over
financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally accepted accounting principles.

conducted an evaluation of the effectiveness of the internal controls over financial reporting based on the Committee of Sponsoring Organizations
of the Treadway Commission (COSO) Internal Control-Integrated Framework (2013) and related illustrative documents as an update to Internal
Control-Integrated Framework (1992). Management determined that the 17 principles were present and functioning during its assessment
of the effectiveness of our internal controls. Because of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness to future periods are
subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies
or procedures may deteriorate.

assessed the effectiveness of our internal control over financial reporting for our fiscal year ended November 3, 2023. Based on management's
assessment and the above-referenced criteria, management believes that the internal control over financial reporting was effective as
of November 3, 2023.

 Changes
in Internal Control over Financial Reports

 As
described above, during fiscal year 2023 we took steps to remediate the material weakness in our internal control over financial reporting
that we identified and existed at the end of fiscal year 2022. Other than in connection with the remediation process described above,
no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred
during the last quarter of fiscal year ended November 3, 2023 that has materially affected or is reasonably likely to materially affect,
our internal control over financial reporting.

 Item
9B. Other Information

 Not

 Item
9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 Not

 PART
III

 Item
10. Directors, Executive Officers, and Corporate Governance

 The
information required by this item will be included in our definitive proxy statement on Schedule 14A related to our 2024 annual meeting
of stockholders (the "Proxy Statement), which will be filed with the Securities and Exchange Commission pursuant to Regulation
14A under the Exchange Act not later than 120 days after the end of our fiscal year ended November 3, 2023, and is incorporated herein
by reference.

 Item
11. Executive Compensation

 The
information required by this item will be included in the Proxy Statement and is incorporated herein by reference.

 Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 The
information required by this item will be included in the Proxy Statement and is incorporated herein by reference.

 Equity
Compensation Plan Information

 Not
applicable, as we do not have any compensation plans under which our equity securities are authorized for issuance.

 Item
13. Certain Relationships and Related Transactions, and Director Independence

 The
information required by this item will be included in the Proxy Statement and is incorporated herein by reference.

 Item
14. Principal Accountant Fees and Services

 The
information required by this item will be included in the Proxy Statement is incorporated herein by reference.

 PART
IV

 Item
15. Exhibits and Financial Statement Schedules

 (a)(1)
 Financial Statements. The following documents are filed as a part of this Report:

 Page

 Report of Independent Registered Public Accounting Firm (PCAOB ID: 23)

 Consolidated Balance Sheets as of November 3, 2023, and October 28, 2022

 Consolidated Statements of Operations for the fiscal years ended November 3, 2023, and October 28, 2022

 Consolidated Statements of Comprehensive Income for the fiscal years ended November 3, 2023, and October 28, 2022

 Consolidated Statements of Shareholders' Equity for the fiscal years ended November 3, 2023, and October 28, 2022

 Consolidated Statements of Cash Flows for the fiscal years ended November 3, 2023, and October 28, 2022

 Notes to Consolidated Financial Statements

 (2)
 Financial Statement Schedules

 Not
applicable for a smaller reporting company.

 (3)
 Exhibits

 (a)
 The exhibits below are filed herewith or incorporated herein by reference.

 Incorporated
 by Reference

 Exhibit
 Number

 Exhibit
 Description

 Form

 File
 No.

 Exhibit

 Filing
 Date

 Filed
 Herewith

 3.1

 Restated Articles of Incorporation, as amended.

 3.4

 01/18/19

 3.2

 Amended and Restated Bylaws.

 10-K/A

 3.7

 02/09/18

 4.1

 Description of Capital Stock of the Registrant

 4.1

 01/15/21

 10.1*

 Bridgford Foods Corporation Defined Benefit Pension Plan.

 10.1

 01/18/19

 10.2*

 Bridgford Foods Corporation Supplemental Executive Retirement Plan.

 10.2

 01/18/19

 10.3*

 Bridgford Foods Corporation Deferred Compensation Savings Plan.

 10.3

 01/18/19

 10.4*

 Consulting Agreement, dated August 12, 2019, between the Registrant and Allan L. Bridgford Sr.

 10.1

 08/16/19

 10.5

 Purchase and Sale Agreement dated March 16, 2020 between Bridgford Food Processing Corporation and CRG Acquisition, LLC.

 10.1

 03/19/20

 10.6*

 Consulting Agreement dated February 2, 2023, between the Registrant and Raymond F. Lancy.

 10.1

 02/02/23

 21.1

 Subsidiaries of the Registrant.

 21.1

 01/15/21

 24.1

 Power of Attorney (included as part of the signature page).

 X

 31.1

 Certification of Principal Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 X

 31.2

 Certification of Principal Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 X

 32.1

 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Principal Executive Officer).

 X

 32.2

 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Principal Financial Officer).

 X

 101.INS

 X

 101.SCH

 X

 101.CAL

 X

 101.DEF

 X

 101.LAB

 X

 101.PRE

 X

 Cover

 *

 Each
 of these Exhibits constitutes a management contract, compensatory plan or arrangement.

 Item
16. Form 10-K Summary

 Not

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

 By:

 /s/
 MICHAEL W. BRIDGFORD

 Michael
 W. Bridgford

 Chairman
 of the Board

 Date:
January 26, 2024

 POWER
OF ATTORNEY

 We,
the undersigned directors and officers of Bridgford Foods Corporation, do hereby constitute and appoint Michael W. Bridgford and Cindy
Matthews-Morales, or either of them, with full power of substitution and resubstitution, our true and lawful attorneys and agents, to
do any and all acts and things in our name and behalf in our capacities as directors and officers and to execute any and all instruments
for us and in our names in the capacities indicated below, which said attorneys and agents, or either of them, or their substitutes,
may deem necessary or advisable to enable said corporation to comply with the Securities Exchange Act of 1934, as amended, and any rules,
regulations and requirements of the Securities and Exchange Commission in connection with this Annual Report on Form 10-K, including
specifically, but without limitation, power and authority to sign for us or any of us in our names and in the capacities indicated below,
any and all amendments; and we do hereby ratify and confirm all that the said attorneys and agents, or either of them, shall do or cause
to be done by virtue hereof.

 Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.

 Signature

 Title

 Date

 /s/
 MICHAEL W. BRIDGFORD.

 Chairman
 of the Board (Principal Executive Officer)

 Michael
 W. Bridgford

 /s/
 CINDY MATTHEWS-MORALES

 Chief
 Financial Officer and Secretary (Principal Financial and Accounting Officer)

 Cindy
 Matthews-Morales

 /s/
 RAYMOND F. LANCY

 Raymond
 F. Lancy

 /s/
 BARON R. H. BRIDGFORD II

 President

 Baron
 R. H. Bridgford II

 /s/
 ALLAN L. BRIDGFORD SR.

 Allan
 L. Bridgford Sr.

 /s/
 WILLIAM L. BRIDGFORD

 Vice
 President and Director

 William
 L. Bridgford

 /s/
 JOHN V. SIMMONS

 Vice
 President and Director

 John
 V. Simmons

 /s/
 TODD C. ANDREWS

 Todd
 C. Andrews

 /s/
 D. GREGORY SCOTT

 D.
 Gregory Scott

 /s/
 KEITH A. ROSS

 Keith
 A. Ross

 /s/
 MARY SCHOTT

 Mary
 Schott

 Report
of Independent Registered Public Accounting Firm

 To
the Board of Directors and Shareholders of Bridgford Foods Corporation

 Opinion
on the Consolidated Financial Statements

 We
have audited the accompanying consolidated balance sheets of Bridgford Foods Corporation and its subsidiaries (the "Company")
as of November 3, 2023 and October 28, 2022, the related consolidated statements of operations, comprehensive income, shareholders'
equity, and cash flows, for each of the fiscal years then ended, and the related notes (collectively referred to as the "consolidated
financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial
position of the Company as of November 3, 2023 and October 28, 2022, and the results of its operations and its cash flows for each of
the two fiscal years in the period ended November 3, 2023 and October 28, 2022, in conformity with accounting principles generally accepted
in the United States of America.

 Basis
for Opinion

 These
consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion
on the Company's consolidated financial statements based on our audits. We are a public accounting firm registered with the Public
Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company
in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission
and the PCAOB.

 We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.
The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part
of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing
an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

 Our
audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether
due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audits provide a reasonable basis for our opinion.

 Critical
Audit Matter

 The
critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated
or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial
statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters
does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit
matter below, providing separate opinions on the critical audit matter or on the accounts or disclosures to which it relates.

 Net
Revenue - Reserves for Promotional Allowances

 Critical
Audit Matter Description

 As
described in Note 1 to the consolidated financial statements, contracts with customers often include some form of variable consideration
in the form of discounts, trade allowances, consumer incentives, coupons, volume-based incentives, cooperative advertising, product returns
and other such programs. Promotional allowances are treated as a reduction in revenue when the related revenue is recognized and are
recorded at the estimated amount of credit expected to be issued to customers, based primarily on historical utilization and redemption
rates.

 We
identified the estimation of reserves for promotional allowances by management as a critical audit matter because the inputs and assumptions
utilized by management in estimating these reserves, including consistency of historical data and contract pricing, require significant
judgment and create a high degree of estimation uncertainty. Consequently, auditing these assumptions requires subjective auditor judgment.

 How
We Addressed the Matter in Our Audit

 The
primary procedures we performed to address this critical audit matter included:

 Obtaining
 an understanding of management's processes and controls over calculating the reserves for promotional allowances, including
 understanding relevant significant inputs and assumptions.

 Performing
 substantive analytical procedures surrounding the reserves for promotional allowances by performing an independent calculation of
 the allowance by using historical data and assumptions.

 Evaluating
 the reasonableness of key inputs and assumptions relevant to the reserve for promotional allowances, including contractual pricing
 and rebate arrangements with customers and historical allowance data, which were compared to source documents, and performed sensitivity
 analysis over key inputs and significant assumptions.

 Testing
 the accuracy, completeness, validity of the underlying data used in schedules calculating the reserve for promotional allowances.

 Review of applicable disclosures.

 We
have served as the Company's auditor since 2009.

 /s/
 Baker Tilly US, LLP

 Irvine,
 California

BALANCE SHEETS

 As
of November 3, 2023, and October 28, 2022

 (in
thousands, except share and per share amounts)

 ASSETS

 Current assets:

 Cash and cash equivalents

 $
 15,708

 $
 16,333

 Accounts receivable, less allowance for doubtful accounts of $ 248 and $ 177, respectively, and promotional allowances of $ 2,093 and $ 2,771, respectively

 28,593

 34,541

 Inventories, net

 40,573

 40,533

 Refundable income taxes

 2,168

 1,201

 Prepaid expenses and other current assets

 Total current assets

 87,477

 92,929

 Property, plant and equipment, net of accumulated depreciation and amortization of $ 73,397 and $ 70,968, respectively

 67,487

 71,830

 Other non-current assets

 12,034

 11,589

 Total assets

 $
 166,998

 $
 176,348

 LIABILITIES AND SHAREHOLDERS' EQUITY

 Current liabilities:

 Accounts payable

 $
 7,201

 $
 13,658

 Accrued payroll, advertising, and other expenses

 6,404

 7,853

 Income taxes payable

 Current notes payable – equipment

 1,045

 1,089

 Current right-of-use leases payable

 1,120

 1,054

 Other current liabilities

 1,955

 2,975

 Total current liabilities

 17,981

 26,853

 Long-term notes payable – equipment, bridge loan and revolving credit facility

 2,786

 3,824

 Deferred income taxes, net

 8,342

 8,972

 Lont-term right of use leases payable

 2,450

 3,420

 Executive retirement plans

 4,745

 4,852

 Other non-current liabilities

 1,159

 2,102

 Total long-term liabilities

 19,482

 23,170

 Total liabilities

 37,463

 50,023

 Contingencies and commitments (Notes 3, 5 and 6)

 -

 -

 Shareholders' equity:

 Preferred stock, without par value; Authorized - 1,000,000 shares; issued and outstanding – none

 -

 -

 Common stock, $ 1.00 par value; Authorized - 20,000,000 shares; issued and outstanding – 9,076,832 shares

 9,134

 9,134

 Capital in excess of par value

 8,298

 8,298

 Retained earnings

 122,792

 119,318

 Accumulated other comprehensive loss

 ( 10,689
)

 ( 10,425
)

 Total shareholders' equity

 129,535

 126,325

 Total liabilities and shareholders' equity

 $
 166,998

 $
 176,348

 See

STATEMENTS OF OPERATIONS

 For
the fiscal years ended November 3, 2023, and October 28, 2022

 (in
thousands, except share and per share amounts)

 Net sales

 $
 251,636

 $
 265,898

 Cost of products sold

 181,279

 193,837

 Gross margin

 70,357

 72,061

 Selling, general and administrative expenses

 65,567

 65,235

 Loss (gain) on sale of property, plant and equipment

 ( 57,745
)

 Operating income

 4,629

 64,571

 Other (expense) income

 Interest expense

 ( 579
)

 ( 1,107
)

 Cash surrender value gain (loss)

 ( 2,057
)

 Total other (expense) income

 ( 134
)

 ( 3,164
)

 Income before taxes

 4,495

 61,407

 Provision for income taxes

 1,021

 16,341

 $
 3,474

 $

 Basic earnings per share

 $
 0.38

 $
 4.96

 Shares used to compute basic earnings per share

 9,076,832

 9,076,832

 See

STATEMENTS OF COMPREHENSIVE INCOME

 For
the fiscal years ended November 3, 2023, and October 28, 2022

 (in
thousands)

 $
 3,474

 $

 Other comprehensive income from defined benefit plans

 1,255

 6,910

 Other postretirement benefit plans:

 Actuarial (loss) gain

 ( 1,229
)

 1,151

 Other comprehensive (loss) income from other postretirement benefit plans, net

 ( 1,229
)

 1,151

 Other comprehensive income, before taxes

 8,061

 Tax benefit on other comprehensive income

 ( 290
)

 ( 1,780
)

 Change in other comprehensive income, net of tax

 ( 264
)

 6,281

 Comprehensive income, net of tax

 $
 3,210

 $
 51,347

 See

STATEMENTS OF SHAREHOLDERS' EQUITY

 For
the fiscal years ended November 3, 2023, and October 28, 2022

 (in
thousands)

 Shares

 Amount

 Capital in
 excess of
 par value

 Retained
 earnings

 Accumulated
 other
 comprehensive
 loss

 Total
 shareholders'
 equity

 Balance, October 29, 2021

 9,076

 $
 9,134

 $
 8,298

 $
 74,252

 $
 ( 16,706
)

 $
 74,978

 -

 -

 -

 -

 Net change in defined benefit plans and other benefit plans, net of tax

 -

 -

 -

 -

 6,281

 6,281

 Balance, October 28, 2022

 9,076

 $
 9,134

 $
 8,298

 $
 119,318

 $
 ( 10,425
)

 $
 126,325

 Balance

 9,076

 $
 9,134

 $
 8,298

 $
 119,318

 $
 ( 10,425
)

 $
 126,325

 -

 -

 -

 3,474

 -

 3,474

 Net change in defined benefit plans and other benefit plans, net of tax

 -

 -

 -

 -

 ( 264
)

 ( 264
)

 Balance, November 3, 2023

 9,076

 $
 9,134

 $
 8,298

 $
 122,792

 $
 ( 10,689
)

 $
 129,535

 Balance

 9,076

 $
 9,134

 $
 8,298

 $
 122,792

 $
 ( 10,689
)

 $
 129,535

 See

STATEMENTS OF CASH FLOWS

 For
the fiscal years ended November 3, 2023, and October 28, 2022

 (in
thousands)

 Cash flows from operating activities:

 $
 3,474

 $

 Adjustments to reconcile net income to net cash provided by (used in) operating activities:

 Depreciation and amortization

 6,558

 6,682

 Provision for losses on accounts receivable

 Reduction in promotional allowances

 ( 679
)

 ( 98
)

 Loss (gain on) sale of property, plant and equipment

 ( 57,745
)

 Deferred income taxes, net

 ( 631
)

 5,070

 Changes in operating assets and liabilities:

 Accounts receivable, net

 6,480

 ( 10,116
)

 Inventories, net

 ( 40
)

 ( 3,762
)

 Prepaid expenses and other current assets

 ( 114
)

 2,250

 Refundable income taxes

 ( 967
)

 4,955

 Other non-current assets

 ( 444
)

 ( 11
)

 Accounts payable

 ( 6,457
)

 1,270

 Accrued payroll, advertising and other expenses

 ( 1,449
)

 Income taxes payable

 Current portion of non-current liabilities

 ( 879
)

 ( 1,880
)

 Non-current liabilities

 ( 1,207
)

 ( 657
)

 Net cash provided by (used in) operating activities

 3,985

 ( 7,830
)

 Cash flows from investing activities:

 Proceeds from sale of property, plant and equipment

 60,115

 Changes in escrow balance

 -

 -

 Additions to property, plant and equipment

 ( 2,603
)

 ( 3,770
)

 Net cash (used in) provided by investing activities

 ( 2,376
)

 56,345

 Cash flows from financing activities:

 Payment of financing lease obligations

 ( 1,151
)

 ( 400
)

 Proceeds from bank borrowings

 -

 6,000

 Repayments of bank borrowings

 ( 1,083
)

 ( 38,157
)

 Net cash used in financing activities

 ( 2,234
)

 ( 32,557
)

 Net (decrease) increase in cash and cash equivalents

 ( 625
)

 15,958

 Cash and cash equivalents and restricted cash at beginning of year

 16,333

 Cash and cash equivalents and restricted cash at end of year

 $
 15,708

 $
 16,333

 Supplemental disclosure of cash flow information:

 Cash paid for income taxes

 $
 2,587

 $
 13,345

 Cash paid for interest

 $

 $
 1,107

 See

 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

 (in
thousands except share and per share amounts, time periods, ratios and percentages)

 NOTE
1 - The Company and Summary of Significant Accounting Policies:

 Bridgford
Foods Corporation was organized in 1952. We originally began operations in 1932 as a retail meat market in San Diego, California and
evolved into a meat wholesaler for hotels and restaurants, a distributor of frozen food products, a processor and packer of meat, and
a manufacturer and distributor of frozen food products for sale on a retail and wholesale basis. We, including our subsidiaries, are
primarily engaged in the manufacturing, marketing, and distribution of an extensive line of frozen, refrigerated, and snack food products
throughout the United States.

 The
consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly owned. All inter-company
transactions and balances have been eliminated.

 Use
of estimates and assumptions

 The
preparation of financial statements in conformity with generally accepted accounting principles requires management to make certain estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements, as well as the reported revenues and expenses during the respective reporting periods. Actual results
could differ from those estimates. Amounts estimated related to liabilities for pension benefits, self-insured workers' compensation
and employee healthcare benefits are subject to inherent uncertainties and these estimated liabilities may ultimately settle at amounts
which may vary from current estimates. Other areas with underlying estimates include realization of deferred tax assets, cash surrender
or contract value of life insurance policies, promotional allowances and the allowance for doubtful accounts and inventory reserves.
Management believes its current estimates are reasonable and based on the best information available at the time.

 Subsequent
events

has evaluated events subsequent to November 3, 2023, through the date the accompanying consolidated financial statements were filed with
the Securities and Exchange Commission for transactions and other events that may require adjustment of and/or disclosure in such financial
statements.

 Based
on management's review, no material subsequent events were identified that require adjustment to the consolidated financial statements
or additional disclosure.

 Accounts
Receivable

 Accounts
receivables are recorded at net realizable value. The value is presented net of allowance for doubtful accounts and promotional incentives.
Our accounts receivable consists mainly of trade receivables from customer sales. We evaluate the collectability of our accounts receivable
based on several factors. The provision for doubtful accounts receivable is based on historical trends and current collectability risk.
Our provision for doubtful accounts was $ 248 and $ 177 as of November 3, 2023, and October 28, 2022, respectively.

 Concentrations
of credit risk

 Our
credit risk is diversified across a broad range of customers and geographic regions. Losses due to credit risk have recently been immaterial.
The carrying amount of cash equivalents, accounts and other receivables, accounts payable and accrued liabilities approximate fair market
value due to the short maturity of these instruments. We maintain cash balances at financial institutions, which may at times exceed
the amounts insured by the Federal Deposit Insurance Corporation. Management does not believe there is significant credit risk associated
with these financial institutions.

 Sales
to Wal-Mart comprised 29.1 % of revenues in fiscal year 2023 and 26.5 % of total accounts receivable was due from Wal-Mart as
of November 3, 2023. Sales to Wal-Mart comprised 29.8 % of revenues in fiscal year 2022 and 26.1 % of total accounts receivable was
due from Wal-Mart as of October 28, 2022. Sales to Dollar General comprised 16.3 % of revenues in fiscal year 2023 and 20.5 %
of total accounts receivable was due from Dollar General as of November 3, 2023. Sales to Dollar General comprised 16.9 % of
revenues in fiscal year 2022 and 19.9 % of total accounts receivable was due from Dollar General as of October 28, 2022.

 Business
segments

 The
Company and its subsidiaries operate in two business segments - the processing and distribution of frozen foods products, and the processing
and distribution of snack food products. See Note 7 for further information.

 Fiscal
year

 We
maintain our accounting records on a 52-53-week fiscal basis ending on the Friday closest to October 31. As part of the regular accounting
cycle, fiscal year 2023 included 53 weeks and fiscal year 2022 included 52 weeks.

 Revenues

 The
Company recognizes revenue for the sale of the product at the point in time when our performance obligation has been satisfied and control
of the product has transferred to our customer, which generally occurs upon shipment, pickup or delivery to a customer based on terms
of the sale. Contracts with customers are typically short-term in nature with completion of a single performance obligation. Product
is sold to foodservice, retail, institutional and other distribution channels. Products are delivered to customers primarily through
our own long-haul fleet, common carrier or through a Company owned direct store delivery system. These delivery costs, $ 7,190 and $ 6,661
for fiscal years 2023 and 2022, respectively, are included in selling, general and administrative expenses in the accompanying consolidated
financial statements. Shipping and handling that occurs after the customer has obtained control of the product is recorded as a fulfillment
cost rather than an additional assured service. Costs paid to third party brokers to obtain contracts are recognized as part of selling
expenses. Other sundry items in context of the contract are also recognized as selling expense. Any taxes collected on behalf of the
government are excluded from net revenue.

 We
record revenue at the transaction price which is measured as the amount of consideration we anticipate to receive in exchange for providing
product to our customers. Revenue is recognized as the net amount estimated to be received after deducting estimated or known amounts
including variable consideration for discounts, trade allowances, consumer incentives, coupons, volume-based incentives, cooperative
advertising, product returns and other such programs. Promotional allowances, including customer incentive and trade promotion activities,
are recorded as a reduction to sales based on amounts estimated being due to customers, based primarily on historical utilization and
redemption rates. Estimates are reviewed regularly until incentives or product returns are realized and the result of any such adjustments
are known. Promotional allowances deducted from sales for fiscal years 2023 and 2022 were $ 17,256 and $ 15,762, respectively.

 Advertising
expenses

 Advertising
and other promotional expenses are recorded as selling, general and administrative expenses. Advertising expenses for fiscal years 2023
and 2022 were $ 2,822 and $ 2,603, respectively.

 Cash
and cash equivalents

 We
consider all investments with original maturities of three months or less to be cash equivalents. Cash equivalents include money market
funds and treasury bills. Cash and cash equivalents totaled $ 15,708 as of November 3, 2023 all of which were held at Wells Fargo Bank
N.A.

 Restricted
cash

 The
Company had no restricted cash as of November 3, 2023 and October 28, 2022, respectively.

 Fair
value measurements

 We
classify levels of inputs to measure the fair value of financial assets as follows:

 Level
 1 inputs: Level 1 inputs are quoted market prices in active markets for identical assets or liabilities that are accessible at the
 measurement date.

 Level
 2 inputs: Level 2 inputs are from other than quoted market prices included in Level 1 that are observable for the asset or liability,
 either directly or indirectly.

 Level
 3 inputs: Level 3 inputs are unobservable and should be used to measure fair value to the extent that observable inputs are not available.

 The
hierarchy noted above requires us to minimize the use of unobservable inputs and to use observable market data, if available, when determining
fair value.

 The
Company does not have any assets or liabilities measured at fair value on a recurring or non-recurring basis for the fiscal years ended
November 3, 2023, and October 28, 2022, except for pension plan investments (See Note 3).

 Inventories

 Inventories
are valued at the lower of cost (which approximates actual cost on a first-in, first-out basis) or net realizable value. Inventories
include the cost of raw materials, labor, and manufacturing overhead. We regularly review inventory quantities on hand and write down
any excess or obsolete inventories to net realizable value. An inventory reserve is created when potentially slow-moving or obsolete
inventories are identified in order to reflect the appropriate inventory value. Changes in economic conditions, production requirements,
and lower than expected customer demand could result in additional obsolete or slow-moving inventory that cannot be sold or must be sold
at reduced prices and could result in additional reserve provisions. The Company recorded a net realizable value reserve of $ 513 and
$ 131 at November 3, 2023 and October 28, 2022, respectively, after determining that the market value on some meat products was less than
the costs associated with completion and sale of the product.

 Property,
plant, and equipment

 Property,
plant, and equipment are carried at cost less accumulated depreciation. Major renewals and improvements are charged to the asset accounts
while the cost of maintenance and repairs is charged to expense as incurred. When assets are sold or otherwise disposed of, the cost
and accumulated depreciation are removed from the respective accounts and the resulting gain or loss is credited or charged to income.
Depreciation is computed on a straight-line basis over 10 to 20 years for buildings and improvements, 5 to 10 years for machinery and
equipment, and 3 to 5 years for transportation equipment. We built a processing plant from the ground up and as such have attributed
long useful lives accordingly to these types of assets employed at the new facility in Chicago. The Company incurred interest costs of
$ 579 and $ 1,107 for fiscal year 2023 and 2022, respectively, all of which were recorded as interest expense in relation to equipment
at the production facility in Chicago.

 We
test long-lived assets for recoverability whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
If an impairment is indicated, we measure the fair value of assets to determine if and when adjustments are recorded.

 Leases

 Leases
are recognized in accordance with ASC Topic 842 Leases ("ASC 842") which requires
a lessee to recognize assets and liabilities with lease terms of more than 12 months. We lease or rent property for such operations as
storing inventory and equipment. We analyze our agreements to evaluate whether or not a lease exists by determining what assets exist
for which we control usage for a period of time in exchange for consideration. In the event a lease exists, we classify it as a finance
or operating lease and record a right-of-use ("ROU") asset and the corresponding lease liability at the inception of the
lease. In the case of month-to-month lease or rental agreements with terms of 12 months or less, we made an accounting policy election
to not recognize lease assets and liabilities and record them on a straight-line basis over the lease term. The storage units rented
on a month-to-month basis for use by our Snack Food Product segment direct store delivery route system are not costly to relocate and
contain no significant leasehold improvements or degree of integration over leased assets. Orders can be fulfilled by another route storage
unit interchangeably. No specialized assets exist in the rental storage units. Market price is paid for storage units. No guarantee of
debt is made.

 Finance
lease assets are recorded within property, plant and equipment, net of accumulated depreciation and amortization. The
Company's leases of long-haul trucks used in its Frozen Food Products segment qualify as finance leases. Finance lease
liabilities are recorded under other liabilities. Operating leases are recorded as a right-of-use assets under property, plant and
equipment and the corresponding liability is recorded under other liabilities. The consolidated balance sheets reflect both the
current and long-term obligation. The classification as a finance or operating lease determines whether the recognition, measurement
and presentation of expenses and cash flows are considered operating or financing.

 Life
insurance policies

 We
record the cash surrender value or contract value for life insurance policies as an adjustment of premiums paid in determining the expense
or income to be recognized under the contract for the period. The cash surrender value is included in other non-current assets in the
accompanying Consolidated Balance Sheets. Expected proceeds from life insurance are recorded under prepaid expenses and other current
assets (refer to Note 2 – Composition of Certain Financial Statement Captions).

 Income
taxes

 Deferred
taxes are provided for items whose financial and tax bases differ. A valuation allowance is provided against deferred tax assets when
it is expected that it is more likely than not that the related asset will not be fully realized. The determination as to whether or
not a deferred tax asset can be fully realized is subject to a significant degree of judgment, based at least partially upon a projection
of future taxable income, which takes into consideration past and future trends in profitability, customer demand, supply costs, and
multiple other factors, which are inherently difficult to predict.

 We
provide tax accruals for federal, state, and local exposures relating to audit results, tax planning initiatives and compliance responsibilities.
The development of these accruals requires judgments about tax issues, potential outcomes, and timing. (See Note 4 for further information).
Although the outcome of these tax audits is uncertain, in management's opinion adequate provisions for income taxes have been made
for potential liabilities emanating from these reviews. If actual outcomes differ materially from these estimates, they could have a
material impact on our results of operations.

 Stock-based
compensation

 We
measure and recognize compensation expenses for all share-based payments to employees, including grants of employee stock options, in
the financial statements based on the fair value at the date of the grant. We have not issued, awarded, granted, or entered into any
stock-based payment agreements since April 29, 1999, and no such expense was recognized in fiscal years 2023 and 2022.

 Comprehensive
income or loss

 Comprehensive
income or loss consists of net income and additional minimum pension liability adjustments net of taxes.

 Recently
issued accounting pronouncements and regulations

 In
February 2016, the FASB issued ASU 2016-02, "Leases", which requires a lessee to recognize assets and liabilities with lease
terms of more than twelve months. Both capital and operating leases are to be recognized on the balance sheet. The guidance is effective
for annual reporting periods beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15,
2019, which was our first quarter of fiscal year 2020. We have analyzed all lease transactions during fiscal years 2020 and 2021 and
the first and second quarters of fiscal year 2022. The Company elected not to reassess expired contracts or adjust comparative periods.
The Company determined that no change to current accounting treatment is warranted for most transactions due to the underlying nature
of our leases. In the case of month-to-month lease or rental agreements with terms of twelve months or less, the Company made an accounting
policy election to not recognize lease assets and liabilities. The Company performed a detailed analysis and determined that there were
two significant long-term leases which are the leases with Hogshed Ventures, LLC and Racine Partners 4333 LLC. The accounting treatment
of theses leases for warehouse storage included establishing a right-of-use asset and the corresponding liability was recorded for the
Company's lease with Hogshed Ventures, LLC for property located at 40th Street in Chicago during the fourth quarter of fiscal 2020
and with Racine Partners 4333 LLC during the fourth quarter of fiscal year 2022. The application of this pronouncement resulted in additional
disclosures detailing our lease arrangements. The Company adopted this guidance during the first quarter of fiscal year 2020 and it did
not have a material impact on our consolidated financial statements.

 In
June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (ASC 326), which provides guidance on measurement
of credit losses on financial instruments. This ASU adds a current expected credit loss impairment model to GAAP that is based on expected
losses rather than incurred losses whereby a broader range of reasonable and supportable information is required to be utilized in order
to derive credit loss estimates. The effective date of the new guidance as amended by ASU No. 2019-10 is fiscal years beginning after
December 15, 2022, including interim periods within those fiscal years. The Company analyzed the impact of adopting this standard and
does not expect the adoption to have a material impact on its Consolidated Financial Statements as it has been our policy to estimate
and record credit losses on trade accounts receivable.

 In
November 2023, the FASB issued ASU No. 2023-07, Segment Reporting – Improvements to Reportable Segments Disclosures. The
amendments enhance disclosures of significant segment expenses by requiring to disclose significant segment expenses regularly provided
to the chief operating decision maker (CODM), extend certain annual disclosures to interim periods, and permit more than one measure
of segment profit or loss to be reported under certain conditions. The amendments are effective for the Company in fiscal years beginning
after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption of the amendment is
permitted, including adoption in any interim periods for which financial statements have not been issued. The Company is currently evaluating
the guidance and its impact to the financial statements.

 NOTE
2 - Composition of Certain Financial Statement Captions:

 Schedule of Composition of Certain Financial Statement

 Inventories, net:

 Meat, ingredients, and supplies

 $
 12,244

 $
 10,242

 Work in process

 1,507

 2,432

 Finished goods

 26,822

 27,859

 Inventories,
 net

 $
 40,573

 $
 40,533

 Prepaid expenses and other current assets

 Prepaid insurance

 Prepaid other

 Prepaid expenses and other current assets

 $

 $

 Property, plant and equipment, net:

 Land

 $
 3,799

 $
 3,799

 Buildings and improvements

 24,173

 26,134

 Machinery and equipment

 97,554

 97,664

 Finance leased trucks

 Transportation equipment

 10,078

 9,940

 Right of use assets

 3,515

 4,456

 Construction in process

 1,410

 Property, plant and equipment,
 gross

 140,884

 142,798

 Accumulated depreciation and amortization

 ( 73,397
)

 ( 70,968
)

 Property,
 plant and equipment, net

 $
 67,487

 $
 71,830

 Other non-current assets:

 Cash surrender value benefits

 $
 12,029

 $
 11,584

 Other

 Other non-current
 assets

 $
 12,034

 $
 11,589

 Accrued payroll, advertising, and other expenses:

 Payroll, vacation, payroll taxes and employee benefits

 $
 4,610

 $
 5,412

 Accrued advertising and broker commissions

 1,305

 Property taxes

 Other

 Accrued
 payroll, advertising, and other expenses

 $
 6,404

 $
 7,853

 Current portion of non-current liabilities (Notes 3 and 6):

 Executive retirement plans

 $

 $

 Incentive compensation

 1,582

 1,746

 Finance lease obligation

 Customer deposits and escrow

 Deferred payroll taxes current

 -

 Postretirement healthcare benefits

 Current portion of non-current liabilities

 $
 1,955

 $
 2,975

 Other non-current liabilities (Note 3):

 Defined benefit retirement plan

 $
 ( 1,885
)

 $
 ( 551
)

 Incentive compensation

 2,266

 1,913

 Finance lease obligation

 Postretirement healthcare benefits

 Other non-current
 liabilities

 $
 1,159

 $
 2,102

 NOTE
3 - Retirement and Other Benefit Plans:

 Noncontributory-Trusteed
Defined Benefit Retirement Plans for Sales, Administrative, Supervisory and Certain Other Employees

 We
have noncontributory-trusteed defined benefit retirement plans for sales, administrative, supervisory, and certain other employees. In
the third quarter of fiscal year 2006, we froze future benefit accruals under these plans for employees classified within the administrative,
sales or supervisory job classifications or within any non-bargaining class. The benefits under these plans are primarily based on years
of service and compensation levels. The funding policy of the plans requires contributions which are at least equal to the minimum required
contributions needed to avoid a funding deficiency. The measurement date for the plans is our fiscal year end.

 Net
pension income consisted of the following:

 Schedule of Net Pension Cost

 Service cost

 $

 $

 Interest cost

 2,688

 1,772

 Expected return on plan assets

 ( 3,439
)

 ( 4,336
)

 Amortization of unrecognized loss

 1,210

 Net pension income

 $
 ( 79
)

 $
 ( 1,227
)

 Net
pension costs and benefit obligations are determined using assumptions as of the beginning of each fiscal year.

 Weighted
average assumptions for each fiscal year are as follows:

 Schedule of Assumptions Used

 Discount rate

 5.96
 %

 5.44
 %

 Rate of increase in salary levels

 N/A

 N/A

 Expected return on plan assets

 7.00
 %

 7.00
 %

 The
benefit obligation, plan assets, and funded status of these plans as of the fiscal years ended are as follows:

 Schedule of Changes in Projected Benefit Obligations

 Change in plan assets:

 Fair value of the plans' assets - beginning of year

 $
 50,649

 $
 63,295

 Actual return on the plans' assets

 2,394

 ( 10,476
)

 Benefits paid

 ( 2,358
)

 ( 2,170
)

 Fair value of the plans' assets - end of year

 $
 50,685

 $
 50,649

 Change in benefit obligations:

 Benefit obligations - beginning of year

 $
 50,098

 $
 70,882

 Service cost

 Interest cost

 2,688

 1,772

 Actuarial loss

 ( 1,686
)

 ( 20,513
)

 Benefits paid

 ( 2,357
)

 ( 2,170
)

 Benefit obligations - end of year

 48,800

 50,098

 Funded status of the plans

 1,885

 Unrecognized net actuarial loss

 7,216

 8,470

 Net amount recognized

 $
 9,101

 $
 9,021

 We
perform an internal rate of return analysis when making the discount rate selection. The discount rates were based on FTSE Pension Discount
Curve (formerly Citibank) as of November 3, 2023, and October 28, 2022, respectively.

 The
plans' assets are primarily invested in marketable equity securities, corporate and government debt securities and are administered
by an investment management company. The plans' long-term return on assets is based on the weighted average of the plans'
investment allocation as of the measurement date and the published historical returns for those types of asset categories, taking into
consideration inflation rate forecasts. No expected employer contribution to the plans in fiscal year 2024 is planned.

 For
fiscal year 2023, our actuary used mortality tables from the Pri-2012 Total Dataset Mortality Table with MP-2021 Scaling. The expected
rate of return on the plans' assets remained the same at 7.00 % effective for fiscal years 2023 and 2022, respectively.

 The
actual and target allocation for the plans' assets are as follows:

 Schedule of Allocation of Plan Assets

 Asset Class

 2023

 Target
 Asset
 Allocation

 2022

 Target
 Asset
 Allocation

 Large Cap Equities

 21.7
 %

 23.0
 %

 22.6
 %

 23.0
 %

 Mid Cap Equities

 0.0
 %

 0.0
 %

 0.0
 %

 0.0
 %

 Small Cap Equities

 9.5
 %

 9.0
 %

 9.7
 %

 9.0
 %

 International (equities only)

 26.9
 %

 27.0
 %

 25.9
 %

 25.0
 %

 Fixed Income

 36.0
 %

 37.0
 %

 35.9
 %

 37.0
 %

 Cash and other

 5.9
 %

 4.0
 %

 5.9
 %

 6.0
 %

 Total

 100.0
 %

 100.0
 %

 100.0
 %

 100.0
 %

 The
fair value of our pension plans' assets as of November 3, 2023, and the level under which fair values were determined, using the
hierarchy described in Note 1, is as follows:

 Schedule of Fair Value of Pension Plan Assets

 2023

 Level

 Level

 Level

 Total

 Total
 plan assets

 $

 50,685

 -

 -

 $

 50,685

 The
fair value of our pension plan assets as of October 28, 2022, and the level under which fair values were determined, using the hierarchy
described in Note 1, is as follows:

 2022

 Level 1

 Level 2

 Level 3

 Total

 Total plan assets

 $
 50,649

 -

 -

 $
 50,649

 Expected
payments for pension benefits are as follows:

 Schedule of Expected Payments for Pension Benefits

 Pension Benefits

 2024

 $
 3,258

 2025

 $
 3,370

 2026

 $
 3,466

 2027

 $
 3,561

 2028

 $
 3,614

 2029-2033

 $
 18,364

 Executive
Retirement Plans

 Non-Qualified
Deferred Compensation

 Effective
January 1, 1991, we adopted a deferred compensation savings plan for certain key employees. Under this arrangement, selected employees
contribute a portion of their annual compensation to the plan. We contribute an amount to each participant's account by computing
an investment return equal to Moody's Average Seasoned Bond Rate plus 2 %. Employees receive vested amounts upon death, termination,
or attainment of retirement age. No benefit expense was recorded under this plan for fiscal years 2023 and 2022.

 Supplemental
Executive Retirement Plan

 Retirement
benefits otherwise available to certain key executives under the Primary Benefit Plan have been limited by the effects of the Tax Equity
and Fiscal Responsibility Act of 1982 ("TEFRA") and the Tax Reform Act of 1986 ("TRA"). To offset the loss of
retirement benefits associated with TEFRA and TRA, the Company has adopted a non-qualified "makeup" benefit plan (the "Supplemental
Executive Retirement Plan"). Benefits will be provided under the Supplemental Executive Retirement Plan in an amount equal to 60 %
of each participant's final average earnings minus any pension benefits and primary insurance amounts available to them under Social
Security. However, in all cases the benefits are capped at $ 120,000 per year for Allan L. Bridgford. Benefits provided under this plan
for William L. Bridgford and Raymond F. Lancy are calculated at 50 % of final average earnings, capped at $ 200,000 per year, without offsets
for other pension or Social Security benefits.

 Benefits
payable related to these plans and included in the accompanying consolidated financial statements were $ 4,994 and $ 4,985 as of November
3, 2023, and October 28, 2022, respectively. The benefit payable is recorded as $ 249 and $ 133 under current liabilities and $ 4,745 and
$ 4,852 under non-current liabilities as of November 3, 2023 and October 28, 2022, respectively. In connection with these arrangements,
we are the beneficiary of life insurance policies on the lives of certain key employees and retirees. The aggregate cash surrender value
of these policies, included in non-current assets, was $ 12,029 and $ 11,584 as of November 3, 2023, and October 28, 2022, respectively.
The net periodic pension income for fiscal year 2023 was $ 1,057 caused by the change in pension discount rate from fiscal year 2022 to
fiscal year 2023.

 Expected
payments for executive postretirement benefits are as follows:

 Schedule
of Expected Payments for Pension Benefits

 Executive
 Postretirement
 Benefits

 2024

 $

 2025

 $

 2026

 $

 2027

 $

 2028

 $

 2029-2032

 $
 2,612

 Incentive
Compensation Plan for Certain Key Executives

 We
provide an incentive compensation plan for certain key executives, which is based upon our pretax income. The payment of these amounts
is generally deferred over three or five -year periods. The total amount payable related to this arrangement was $ 3,848 and $ 3,659 as
of November 3, 2023, and October 28, 2022, respectively. Future payments are approximately $ 1,582, $ 1,531, $ 694, $ 33, and $ 8 for fiscal
years 2024 through 2028, respectively.

 Postretirement
Healthcare Benefits for Selected Executive Employees

 We
provide postretirement health care benefits for selected executive employees. Net periodic postretirement healthcare (benefit) cost is
determined using assumptions as of the beginning of each fiscal year, except for the total actual benefit payments and the discount rate
used to develop the net periodic postretirement benefit expense, which is determined at the end of the fiscal year.

 Net
periodic postretirement healthcare cost (benefit) consisted of the following:

 Schedule Net Periodic Post-retirement Healthcare (benefit) Cost

 Interest cost

 $

 $

 Amortization of actuarial gain

 ( 17
)

 ( 10
)

 Service cost

 -

 Net periodic postretirement healthcare cost

 $

 $

 Weighted
average assumptions for the fiscal years ended November 3, 2023, and October 28, 2022, are as follows:

 Schedule of Health Care Cost Trend Rates

 2023

 2022

 Discount rate

 5.96
 %

 5.44
 %

 Medical trend rate next year

 7.50
 %

 6.50
 %

 Ultimate trend rate

 5.00
 %

 5.00
 %

 Year ultimate trend rate is achieved

 2028

 2026

 The
table below shows the estimated effect of a 1% increase in healthcare cost trend rate on the following:

 Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

 2023

 2022

 Interest cost plus service cost

 $

 $

 Accumulated postretirement healthcare obligation

 $

 $

 The
table below shows the estimated effect of a 1% decrease in healthcare cost trend rate on the following:

 Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

 2023

 2022

 Interest cost plus service cost

 $
 ( 4
)

 $
 ( 1
)

 Accumulated postretirement healthcare obligation

 $
 ( 84
)

 $
 ( 55
)

 The
healthcare obligation and funded status of this plan as of the fiscal years ended are as follows:

 Schedule of Net Funded Status

 2023

 2022

 Change in accumulated postretirement healthcare obligation:

 Healthcare obligation - beginning of year

 $

 $

 Interest cost

 Service cost

 -

 Actuarial gain (loss)

 ( 105
)

 Benefits paid

 ( 32
)

 ( 12
)

 Healthcare obligation – end of year

 $

 $

 Funded status of the plans

 Unrecognized net actuarial gain

 ( 215
)

 Unrecognized amounts recorded in other comprehensive income

 ( 33
)

 Postretirement healthcare liability

 $

 $

 Expected
payments for the postretirement benefits are as follows:

 Schedule of Expected Payments for Pension Benefits

 Postretirement
 Healthcare Benefits

 2024

 $

 2025

 $

 2026

 $

 2027

 $

 2028-2032

 $

 401(K)
Plan for Sales, Administrative, Supervisory and Certain Other Employees

 During
the fiscal year ended November 3, 2006, we implemented a qualified 401(K) retirement plan (the "401K Plan") for our sales,
administrative, supervisory, and certain other employees. During fiscal years 2023 and 2022, we made total employer contributions to
the 401K Plan in the amounts of $ 887 and $ 893, respectively.

 NOTE
4 - Income Taxes:

 The
provision for (benefit on) income taxes include the following:

 Schedule of Provision (Benefit) for Taxes on Income

 Current:

 Federal

 $
 1,660

 $
 10,574

 State

 ( 8
)

 2,264

 Current tax expense benefit

 1,652

 12,838

 Deferred:

 Federal

 ( 530
)

 2,609

 State

 ( 101
)

 Deferred tax expense benefit

 ( 631
)

 3,503

 Provision
 (benefit) for income taxes

 $
 1,021

 $
 16,341

 The
total tax benefit differs from the expected amount computed by applying the statutory federal income tax rate to income before income
taxes as follows:

 Schedule of Tax Provision Differs from Statutory Federal Income Tax Rate

 Provision for federal income taxes at the applicable statutory rate

 $

 $
 12,895

 (Decrease) increase in provision resulting from state income taxes, net of federal income tax benefit

 ( 86
)

 2,458

 Non-taxable life insurance loss (gain)

 ( 93
)

 Other, net

 Provision for income taxes

 $
 1,021

 $
 16,341

 Deferred
income taxes result from differences in the basis of assets and liabilities for tax and accounting purposes.

 Schedule of Deferred Income Taxes Results from Differences in Bases of Assets and Liabilities

 Receivables allowance

 $

 $

 Returns allowance

 Inventory packaging reserve

 Inventory overhead capitalization

 Employee benefits

 Other

 ( 30
)

 State taxes payable (receivable)

 Incentive compensation

 Pension and health care benefits

 1,318

 Depreciation

 ( 12,342
)

 ( 13,440
)

 Net operating loss carry-forward and credits

 Valuation allowance established against state NOL

 ( 99
)

 ( 99
)

 Deferred income taxes, net

 $
 ( 8,342
)

 $
 ( 8,972
)

is required to evaluate whether a valuation allowance should be established against its deferred tax assets based on the consideration
of all available evidence using a "more likely than not" standard. Realization of deferred tax assets is dependent upon taxable
income in prior carryback years, estimates of future taxable income, tax planning strategies, and reversals of existing taxable temporary
differences.

is required to evaluate whether a valuation allowance should be established against its deferred tax assets based on the consideration
of all available evidence using a "more likely than not" standard. Realization of deferred tax assets is dependent upon taxable
income in prior carryback years, estimates of future taxable income, tax planning strategies, and reversals of existing taxable temporary
differences.

 As
of November 3, 2023, the Company did not have any valuation allowance against its federal net deferred tax assets. Management reevaluated
the need for a valuation allowance at the end of 2022 and determined that some of its California NOL may not be utilized. Therefore,
a valuation allowance of $ 99 has been retained for such portion of the California NOL.

 As
of November 3, 2023, the Company had net operating loss carryforwards of approximately $ 0 for federal and $ 5,000 for state purposes.

 The
state loss carryforwards will expire at various dates through 2040.

 In
July 2006, the FASB issued guidance to clarify the accounting for uncertainty in income taxes recognized in an enterprise's financial
statements. This interpretation prescribed a recognition threshold and measurement attribute for the financial statement recognition
and measurement of a tax position taken or expected to be taken in a tax return. The guidance also discussed derecognition, classification,
interest and penalties, accounting in interim periods, disclosure, and transition. The cumulative effect, if any, of applying this guidance
is to be reported as an adjustment to the opening balance of retained earnings in the year of adoption. The provisions of this guidance
have been incorporated into ASC 740-10.

 As
of November 3, 2023, we have provided a liability of $ 314 to unrecognized tax benefits related to various federal and state income tax
matters. $ 76 of this liability will reduce our effective income tax rate if the asset is recognized in future reporting periods. We have
not identified any new unrecognized tax benefits.

 As
of October 28, 2022, we have provided a liability of $ 299
 to unrecognized tax benefits related
to various federal and state income tax matters. None
 of this liability will reduce our
effective income tax rate if the asset is recognized in future reporting periods.

 A
reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

 Schedule of Reconciliation of Unrecognized Tax Benefits

 Balance at beginning of year

 $

 $

 Additions based on tax positions related to the current year

 Additions for tax positions of prior years

 -

 Balance at end of year

 $

 $

 We
recognize any future accrued interest and penalties related to unrecognized tax benefits in income tax expense. As of November 3, 2023,
we had approximately $ 40 in accrued interest and penalties which is included as a component of the $ 331 unrecognized tax benefit noted
above.

 Our
federal income tax returns are open to audit under the statute of limitations for the years ended October 31, 2020, through 2022.

 We
are subject to income tax in California and various other state taxing jurisdictions. Our state income tax returns are open to audit
under the statute of limitations for the years ended October 31, 2019, through 2022.

 We
do not anticipate a significant change to the total amount of unrecognized tax benefits within the next 12 months.

 On
March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") was enacted in response to the COVID-19
pandemic. The CARES Act, among other things, permits NOL carryovers and carrybacks to offset 100% of taxable income for taxable years
beginning before January 1, 2021. In addition, the CARES Act allows NOLs incurred in taxable years beginning after December 31, 2017,
and before January 1, 2021 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income
taxes. The Company has filed a federal income tax return for tax year 2018 (fiscal year 2019) and has carried back a taxable loss of
$ 9,919 to tax years 2014 (fiscal year 2015) and 2015 (fiscal year 2016). Furthermore, the Company also carried back $ 21,687 of net operating
loss from 2019 (fiscal year 2020) against any remaining taxable income of tax year 2015 (fiscal year 2016) and taxable income of tax
years 2016 (fiscal year 2017) and 2017 (fiscal year 2018). The carryback of net operating losses will also release $ 358 of research &
development credits, which will become available for utilization in future years.

 On
December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (the "Tax Act"). Among other significant changes,
the Tax Act reduced the corporate federal income tax rate from 35% to 21%. The carryback of NOLs from tax years 2018 and 2019 under the
CARES Act to pre-Tax Act years has generated an income tax benefit of $ 3,091 due to the difference in income tax rates. The release of
research and development credits has generated an income tax benefit of $ 358. These income tax benefits have been recorded in the income
tax provision for fiscal year 2020.

 The
effective tax rate was 22.7 % and 26.6 % for fiscal years 2023 and 2022, respectively. The effective tax rate for fiscal year 2022 was
impacted by the rate differential on NOL carryback available under the CARES Act discussed in the paragraphs above. In addition, the
effective tax rates for fiscal years 2023 and 2022 were impacted by such items as non-deductible meals and entertainment, non-taxable
gains and losses on life insurance policies and state income taxes.

 NOTE
5 - Line of Credit and Borrowing Agreements:

 The
following table reflects major components of our revolving credit facility and borrowing agreements as of November 3, 2023, and October
28, 2022, respectively.

 Schedule
of Line of Credit and Borrowing agreements

 Revolving credit facility

 $
 -

 $
 -

 Equipment notes:

 3.68 % note due 04/16/27, out of lockout 04/17/22

 3,831

 4,913

 Total debt

 3,831

 4,913

 Less current debt

 ( 1,045
)

 ( 1,089
)

 Total long-term debt

 $
 2,786

 $
 3,824

 Revolving
Credit Facility

 On
November 30, 2023, we entered into a fifth amendment to the credit agreement with Wells Fargo Bank, N.A. dated March 1, 2018, as
amended, and also executed a revolving line of credit note pursuant to the amendment. The revolving line of credit note replaces the
existing note that expired by its terms on November 30, 2023. Under the terms of this amendment and the revolving line of credit
note, we may borrow up to $ 7,500
from time to time up to November 30, 2024, at an
interest rate equal to (a) the daily simple secured overnight financing rate plus 2.0%, or if unavailable, (b) the prime rate, in
each case as determined by the bank. The line of credit has an unused commitment fee of 0.35 %
of the available loan amount, payable on a quarterly basis. Amounts may be repaid and reborrowed during the term of the note.
Accrued interest is payable on the first day of each month and the outstanding principal balance and remaining interest are due and
payable on November 30, 2024.

 Equipment
Notes Payable

 On
December 26, 2018, we entered into a master collateral loan and security agreement with Wells Fargo Bank, N.A. (the "Original Wells
Fargo Loan Agreement") for up to $ 15,000 in equipment financing which was amended and expanded as detailed below. We subsequently
entered into additional master collateral loan and security agreements with Wells Fargo Bank, N.A. on each of April 18, 2019, December
19, 2019, March 5, 2020, and April 17, 2020 (the Original Wells Fargo Loan Agreement and the subsequent agreements collectively referred
to as the "Wells Fargo Loan Agreements"). Pursuant to the Wells Fargo Loan Agreements, we owe the amounts as stated in the
table above.

 Bridge
Loan

 On
August 30, 2021, we entered into a loan commitment note for a bridge loan of up to $ 25,000 to obtain capital to pay off the existing
equipment loans as they came out of the lock out period and could be prepaid. The outstanding principal balances of the bridge loan became
due and payable in full one Federal Reserve business day after the closing of the real estate transactions contemplated under the Purchase
and Sale Agreement dated March 16, 2020, as amended, between Bridgford Food Processing Corporation and CRG Acquisition, LLC (the "CRG
Purchase Agreement"). We prepaid $ 18,653 in equipment loans utilizing proceeds from the new bridge loan. The Company evaluated
the exchange under ASC 470 and determined that the exchange should be treated as a debt modification prospectively. The Company accounted
for this transaction as a debt modification and did not incur any gain or loss relating to the modification. The debt modification did
not meet the greater than ten percent test and was deemed not substantial. We prepaid and terminated the bridge loan and related loan
commitment note on June 2, 2022, using $ 18,653 in proceeds from the gain on the sale of a land parcel in Chicago pursuant to the CRG
Purchase Agreement.

 Loan
Covenants

 The
Wells Fargo Loan Agreements and the credit agreement contain various affirmative and negative covenants that limit the use of funds and
define other provisions of the loans. The main financial covenants are listed below:

 Total
 Liabilities divided by Tangible Net Worth not greater than 2.0 to 1.0 at each fiscal quarter end,

 Quick
 Ratio not less than 1.25 to 1.0 at each fiscal quarter end,

 Fixed
 Charge Coverage Ratio not less than 1.25 to 1.0 at the end of the fiscal quarter end.

 As
of November 3, 2023, the Company was in compliance with all covenants under the Wells Fargo Loan Agreements and the credit agreement.

 Aggregate
contractual maturities of debt in future fiscal years are as follows as of November 3, 2023.

 Schedule
of Aggregate Contractual Maturities of Debt in Future Fiscal Years

 Debt Payable

 2024

 $
 1,045

 2025

 $
 1,083

 2026

 $
 1,124

 2027

 $

 NOTE
6- Contingencies and Commitments:

 The
Company leases warehouse and/or office facilities throughout the United States through month-to-month rental agreements. In the case
of month-to-month lease or rental agreements with terms of 12 months or less, the Company made an accounting policy election to not recognize
lease assets and liabilities and record them on a straight-line basis over the lease term. For further information regarding our lease
accounting policy, please refer to Note 1 – Leases.

 The
Company leases three long-haul trucks received during fiscal year 2019. The six-year leases for these trucks expire in 2025. Amortization
of equipment under capital lease was $ 96 in 2023. The Company leased one long-haul truck for $ 40 during fiscal year 2023, and
that lease term is two years.

 The
Company performed a detailed analysis and determined that the only indications of long-term leases in addition to transportation leases
for long-haul trucks were Hogshed Ventures, LLC and Racine Partners 4333 LLC. A right-of-use asset and corresponding liability for warehouse
storage space was recorded for $ 238 for Hogshed Ventures, LLC for 40th Street in Chicago, Illinois, and $ 3,276 for Racine Partners 4333
LLC for 43 rd Street as of November 3, 2023. We lease these spaces under non-cancelable operating leases. These leases do not
have significant rent escalation holidays, concessions, leasehold improvement incentives or other build-out clauses. Further these leases
do not contain contingent rent provisions. The lease with Hogshed Ventures LLC terminates on June 30, 2023. The lease with Racine Partners
4333 LLC terminates on May 31, 2027. These leases include both lease (e.g., fixed rent) and non-lease components (e.g., real estate taxes,
insurance, common-area, and other maintenance costs). The non-lease components are deemed to be executory costs and are included in the
minimum lease payments used to determine the present value of the operating lease obligation and related right-of-use assets.

 This
Hogshed Ventures LLC lease does not provide an implicit rate and we estimated our incremental interest rate to be approximately 1.6 %.
We used our estimated incremental borrowing rate and other information available at the lease commencement date in determining the present
value of the lease payments.

 The
following is a schedule by years of future minimum lease payments for transportation leases and right-of-use assets:

 Schedule of Future Minimum Lease Payments

 Fiscal Year

 Financing

 Obligations

 2024

 $
 1,230

 2025

 2026

 2027

 Later Years

 -

 Total minimum lease payments(a)
 (a)

 $
 3,681

 Less: Amount representing executory costs

 ( 20
)

 Less: Amount representing interest(b)
 (b)

 ( 1
)

 Present value of future minimum lease payments(c)
 (c)

 $
 3,660

 (a)

 Minimum
 payments exclude contingent rentals based on actual mileage and adjustments of rental payments based on the Consumer Price Index.

 (b)

 Amount
 necessary to reduce net minimum lease payments to present value calculated at the Company's incremental borrowing rate at the
 inception of the leases.

 (c)

 Reflected
 in Note 2, as current and noncurrent obligations under capital leases of $ 62 and $ 28, respectively, and right-of-use assets of $ 1,120
 and $ 2,450, respectively.

 NOTE
7 - Segment Information:

 We
have two reportable operating segments, Frozen Food Products (the processing and distribution of frozen products) and Snack Food Products
(the processing and distribution of meat and other convenience foods).

 We
evaluate each segment's performance based on revenues and operating income. Selling, general and administrative expenses include
corporate accounting, information systems, human resources and marketing management at the corporate level. These activities are allocated
to each operating segment based on revenues and/or actual usage.

 The
following segment information is for the fiscal years ended November 3, 2023 (53 weeks) and October 28, 2022 (52 weeks):

 Schedule of Segment Reporting Information, by Segment

 Segment Information

 2023

 Frozen Food

 Snack Food

 Other

 Totals

 Net sales

 $
 57,638

 $
 193,998

 $
 -

 $
 251,636

 Cost of products sold

 43,180

 138,099

 -

 181,279

 Gross margin

 14,458

 55,899

 -

 70,357

 SG&A

 14,443

 51,124

 -

 65,567

 Loss on sale of property, plant, and equipment

 -

 Operating (loss) income

 $
 ( 60
)

 $
 4,689

 $
 -

 $
 4,629

 Total assets

 $
 15,241

 $
 121,725

 $
 30,032

 $
 166,998

 Additions to PP&E

 $

 $
 2,110

 $
 -

 $
 2,603

 Segment Information

 2022

 Frozen Food

 Snack Food

 Other

 Totals

 Net sales

 $
 56,254

 $
 209,644

 $
 -

 $
 265,898

 Cost of products sold

 41,100

 152,737

 -

 193,837

 Gross margin

 15,154

 56,907

 -

 72,061

 SG&A

 14,614

 50,621

 -

 65,235

 Gain on sale of property, plant, and equipment

 ( 16
)

 ( 100
)

 ( 57,629
)

 ( 57,745
)

 Operating income (loss)

 $

 $
 6,386

 $
 57,629

 $
 64,571

 Total assets

 $
 16,327

 $
 130,704

 $
 29,317

 $
 176,348

 Additions to PP&E

 $
 1,106

 $
 2,664

 $
 -

 $
 3,770

 The
following information further disaggregates our sales to customers by major distribution channel and customer type for the fiscal years
ended November 3, 2023, and October 28, 2022, respectively.

 Schedule of Disaggregates Our Sales to Customers

 2023

 Distribution Channel

 Retail (a)

 Foodservice (b)

 Totals

 Direct store delivery

 $
 130,497

 $
 -

 $
 130,497

 Direct customer warehouse

 63,501

 -

 63,501

 Total Snack Food Products

 193,998

 -

 193,998

 Distributors

 8,397

 49,241

 57,638

 Total Frozen Food Products

 8,397

 49,241

 57,638

 Total Net Sales

 $
 217,852

 $
 49,241

 $
 251,636

 (a)

 Includes
 sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.

 (b)

 Includes
 sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools,
 convenience stores, healthcare facilities and the military.

 2022

 Distribution Channel

 Retail (a)

 Foodservice (b)

 Totals

 Direct store delivery

 $
 138,220

 $
 -

 $
 138,220

 Direct customer warehouse

 71,424

 -

 71,424

 Total Snack Food Products

 209,644

 -

 209,644

 Distributors

 8,208

 48,046

 56,254

 Total Frozen Food Products

 8,208

 48,046

 56,254

 Total Net Sales

 $
 217,852

 $
 48,046

 $
 265,898

 (a)

 Includes
 sales to food retailers, such as grocery retailers, warehouse club stores, and internet-based retailers.

 (b)

 Includes
 sales to foodservice distributors, restaurant operators, hotel chains and noncommercial foodservice establishments such as schools,
 convenience stores, healthcare facilities and the military.

 NOTE
8 - Unaudited Interim Financial Information:

 Not
applicable for a smaller reporting company.