Bob Evans reports positive 3Q results

by Meat&Poultry Staff
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COLUMBUS, Ohio – Bob Evans Farms, Inc. announced on Feb. 14 its results for the 2012 third fiscal quarter ended Jan. 27, 2012. The company reported diluted earnings per share of 69 cents and consolidated operating income of $30.3 million, or 7.1 percent of net sales, in the third quarter of fiscal 2012. This compares to diluted earnings per share of 51 cents and consolidated operating income of $25.4 million, or 5.9 percent of net sales, last year.

The restaurant segment reported a third quarter fiscal 2012 operating income of $23.1 million, or 6.9 percent of net sales, compared with $14.7 million, or 4.4 percent of net sales, last year.

The foods segment reported an operating income of $7.1 million, or 7.9 percent of net sales, down from $10.7 million, or 11.8 percent of net sales, last year.

Bob Evans Restaurants reports positive same-store sales of 1.6 percent for the quarter. Mimi's Cafe reports continued sequential same-store sales improvement.

In fiscal 2012, the company is on track to build six new Bob Evans Restaurants, rebuild three, and remodel 90.

Bob Evans Farms, Inc. owns and operates full-service restaurants under the Bob Evans and Mimi's Cafe brand names. At the end of the third fiscal quarter, Bob Evans owned and operated 564 family restaurants in 18 states, while Mimi's Cafe owned and operated 145 casual restaurants located in 24 states. Bob Evans Farms, Inc. is also a leading producer and distributor of pork sausage and a variety of complementary convenience food items under the Bob Evans and Owens brand names.

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