Bridgford Foods Corporation
BRID Consumer Defensive Packaged Foods
Bridgford Foods Corporation’s revenue for fiscal 2025 (year ended October 2025) was $231.0 million, up 3.28% from fiscal 2024. In the quarter to July 2026, revenue fell 9.51%, EPS fell 22.2%, free cash flow fell 616.6% and total debt rose 142.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow BRID
Bridgford Foods Corporation (BRID) Beneish M-score
Bridgford Foods Corporation's Beneish M-score for fiscal 2025 is −2.66; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.66 | (0.40) |
| FY2024 | −2.26 | 0.26 |
| FY2023 | −2.52 | (1.57) |
| FY2022 | −0.96 | 1.39 |
| FY2021 | −2.34 | (0.06) |
| FY2020 | −2.28 | 0.29 |
| FY2019 | −2.57 | (0.02) |
| FY2018 | −2.55 | 0.22 |
| FY2017 | −2.77 | (0.60) |
| FY2016 | −2.17 | (0.68) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.71 | — | 0.65 | |
| Gross margin index | 1.31 | — | 0.69 | |
| Asset quality index | 1.58 | — | 0.64 | |
| Sales growth index | 1.03 | — | 0.92 | |
| Depreciation index | 0.98 | — | 0.11 | |
| SG&A index | 0.98 | — | −0.17 | |
| Total accruals to total assets | (0.05) | — | −0.24 | |
| Leverage index | 1.30 | — | −0.42 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.66 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| HAIN The Hain Celestial Group, Inc. compare | −4.4× |
| HOST Healthy Choice Wellness Corp. compare | −3.4× |
| BRID Bridgford Foods Corporation | −2.7× |
| LFVN Lifevantage Corporation compare | −2.5× |
| BHST BioHarvest Sciences Inc. compare | −2.4× |
| LSF Laird Superfood, Inc. compare | −2.0× |
| JVA Coffee Holding Co., Inc. compare | −1.5× |
| BOF BranchOut Food Inc. compare | −0.8× |
| FTLF FitLife Brands Inc. compare | 0.5× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI