What changed in this filing

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Item 1A. Risk Factors

2021-01-15 compared with 2020-01-24 · 34 added, 19 removed, 110 unchanged (33% of the section changed)

7 unchanged sentences

operating results and financial position.

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.

food industry, and the markets within the food industry in which we compete, are subject to various risks, including the

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.

in the prices that we pay for raw materials could negatively impact our financial results.

45 unchanged sentences

We cannot assure that we will be successful in

We have no employment or non-competition agreements with key personnel except for a consulting agreement with

We have no employment or non-competition agreements with key personnel except for a consulting agreement with Allan

Bridgford that is effective after his retirement from employment with our company.

14 unchanged sentences

of the Bridgford family beneficially own, in the aggregate, more than 80% of our outstanding stock.

In addition, three members

of the Bridgford family currently serve on the Board of Directors.

In addition, two members of

the Bridgford family currently serve on the Board of Directors.

As a result, members of the Bridgford family have the ability

36 unchanged sentences

we may not be adequately compensated.

COVID-19 pandemic could negatively impact our operations and financial condition.

have considered the impact of federal, state and local government actions related to the global novel coronavirus pandemic (“COVID-19”

or “pandemic”) on our condensed consolidated financial statements.

The business disruptions associated with the pandemic

had a significant negative impact on our consolidated condensed financial statements for the fiscal year ended October 30, 2020.

We expect these events to have future business impacts, the extent of which is uncertain and largely subject to whether the severity

worsens, or the duration of current business shutdowns continue.

These impacts could include but may not be limited to risks and

uncertainty related to shifts in demand between sales channels, market volatility, constraints in our supply chain, our ability

to operate production facilities and worker availability.

These unknowns may subject the Company to future risks related to long-lived

asset impairments, increased reserves for uncollectible accounts, price and availability of ingredients and raw materials used

in our products and adjustments to reflect the market value of our inventory.

Unresolved Staff Comments

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1A. Risk Factors