Bob Evans Farms (BOBE) Tops Q2 EPS by 2c; FY16 Outlook Affirmed

Bob Evans Farms (NASDAQ: BOBE) reported Q2 EPS of $0.41, $0.02 better than the analyst estimate of $0.39. Revenue for the quarter came in at $325 million versus the consensus estimate of $323.35 million.

Comps fell 3.2 percent.

• Board approves $100 million increase in share repurchase authorization to $250 million, from $150 million previously
• Board approves a 9.7 percent quarterly dividend increase to $0.34 per share payable on December 14, 2015, to stockholders of record at the close of business on November 30, 2015

Company reaffirms fiscal year 2016 non-GAAP diluted EPS guidance range of $1.85 to $2.00

For earnings history and earnings-related data on Bob Evans Farms (BOBE) click here.

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