Skip navigation

Bob Evans' 2Q profit rises

COLUMBUS Ohio Bob Evans Farms Inc. reported Tuesday a 36.5-percent jump in profit on lower interest expense and an increase in sales in its food products division, which helped offset slow sales at its two restaurant chains.

For the second quarter ended Oct. 23, Bob Evans posted net income of $15.5 million, or 50 cents per share, compared with year-ago net income of $11.3 million, or 37 cents a share. Latest-quarter net income was aided by $897,000 decline in interest expense.

Bob Evans said second-quarter revenue fell 2.4 percent to $424.8 million, which reflected a 3.3-percent slide in the company's restaurant sales and 1.6-percent uptick in food product sales.

Bob Evans is a producer and distributor of pork sausage and convenience food items as well as operator of 570 namesake family-dining restaurants and 144 casual-dining Mimi’s Cafe locations.

Same-store sales fell 2.8 percent at Bob Evans' namesake chain, where the average menu price was up 2.3 percent. Mimi’s Cafe’s same-store sales fell 6.8 percent and average menu prices were up 2.2 percent.

For fiscal 2010, Bob Evans said it expect same-store sales to fall 3 percent to 4 percent at its namesake chain and to decline 6 percent to 7 percent at Mimi's Cafe.

Contact Bret Thorn at [email protected].

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.