Bob Evans Farms (BOBE) Tops Q3 EPS by 8c; Boosts Low End of FY EPS Outlook
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Bob Evans Reports Fiscal 2016 Third-Quarter Results
March 1, 2016 4:01 PM ESTQ3 2016 net sales total $346.5 million. GAAP and non-GAAP net income(1) of $0.62 per diluted share, represents an increase of 148 percent and 3 percent, respectively, compared to the prior-year period. GAAP and non-GAAP consolidated operating income increase 135 percent and 2 percent, respectively, compared to the prior-year periodBEF Foods Q3 2016 non-GAAP operating income increases 33 percent compared to the prior-year period. Refrigerated side-dish and sausage pounds sold increase 16 and 11 percent, respectively Bob Evans Restaurants Q3 2016 non-GAAP operating income declines 14 percent compared to the prior-year period. Breakfast sales stabilize following product upgrades; continued enhancements underway across all dayparts to... More
