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

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

Bob Evans Reports Fiscal 2016 Second-Quarter Results; Board Approves $100 Million Increase in Current Share Repurchase Authorization

December 1, 2015 4:01 PM EST

Q2 2016 net sales total $325.0 million.  GAAP net income of $0.29 per diluted share,   non-GAAP net income(1) of $0.41 per diluted share, representing increases of 16 percent and 14 percent, respectively.  GAAP consolidated operating income increased nearly 27 percent and non-GAAP consolidated operating income increased 19 percent compared to the prior-year period  Company reaffirms fiscal year 2016 non-GAAP diluted EPS guidance range of $1.85 to $2.00 BEF Foods Q2 2016 non-GAAP operating income increases 176 percent compared to the prior-year period.  Retail pounds sold increase 12.6 percent.  Refrigerated side dish products comprised more than 50 percent of total pounds sold, an historic high  Bob... More