Bob Evans retains advisors in effort to improve profits

Bob Evans retains advisors in effort to improve profits

A “comprehensive review is taking place” at the company, CEO Steve Davis says

Bob Evans Farms Inc. said Wednesday that it has retained advisory firms to analyze its productivity, cost structure and overall strategy in an effort to improve profits.

The advisors include Lazard, which advised the company during its recent proxy fight. Executives said the board has retained Lazard as a financial advisor.  

In addition, the company said it has hired Deloitte to review Bob Evans’ sales, general and administrative (SG&A) cost structure as part of a

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