Bob Evans Reports Fiscal 2016 Third-Quarter Results
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Bob Evans Farms (BOBE) Tops Q3 EPS by 8c; Boosts Low End of FY EPS Outlook
March 1, 2016 4:03 PM ESTBob Evans Farms (NASDAQ: BOBE) reported Q3 EPS of $0.62, $0.08 better than the analyst estimate of $0.54. Revenue for the quarter came in at $346.5 million versus the consensus estimate of $347.52 million.
GUIDANCE:
Bob Evans Farms sees FY2016 EPS of $1.90-$2.00, versus prior guidance of $1.85-$2.00 and the consensus of $1.91.
President and Chief Executive Officer Saed Mohseni said, BEF Foods delivered another strong quarter with 33 percent year-over-year non-GAAP operating income growth and continued double-digit pounds-sold growth of both its refrigerated side-dish and sausage product lines. During its transformation over the last... More
