Bob Evans Farms (BOBE) Reports In-Line Q3 EPS
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Bob Evans Reports Fiscal 2017 Third-Quarter Results; Raises Fiscal Year 2017 Guidance
March 8, 2017 7:00 AM ESTBEF Foods reports Q3 retail side-dish and sausage pounds sold growth of 13 percent and 3 percent, respectively. Q3 food service volume grew 19 percentRevenue from continuing operations(1) increases 4.6% to $112.8 millionCompany reports Q3 2017 GAAP net income of $0.41 per diluted share, non-GAAP net income(1,3) of $0.75 per diluted shareCompletion of Pineland Farms Potato Company acquisition expected by May 1, 2017. $115M acquisition expected to be funded with a new $300 million credit facility. Company expected to target 1.0 to 2.0x leverage following transactionPreviously announced sale of Bob Evans Restaurants to Golden Gate... More
