{"id":32413,"date":"2012-08-15T14:49:00","date_gmt":"2012-08-15T14:49:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/bob-evans-bobe-positive-sales-results-at-bob-evans-restaurants-and-bef-foods\/32413\/"},"modified":"2012-08-15T14:49:00","modified_gmt":"2012-08-15T14:49:00","slug":"bob-evans-bobe-positive-sales-results-at-bob-evans-restaurants-and-bef-foods","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/bob-evans-bobe-positive-sales-results-at-bob-evans-restaurants-and-bef-foods\/32413\/","title":{"rendered":"Bob Evans &#8211; BOBE &#8211; Positive sales results at Bob Evans Restaurants and BEF Foods"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong>Bob Evans Farms, Inc (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=BOBE\">NASDAQ: BOBE<\/a>)<\/strong> announced its results for the fiscal 2013 first quarter ended Friday, July 27, 2012.<\/p>\n<ul>\n<li>Bob Evans Restaurants\u2019 net sales increase 1.7%; reports same-store sales of 1.0%.\u00a0 BEF Foods\u2019 net sales increase 4.5%; volume up 7.2%<\/li>\n<li>Company announces 1Q 2013 earnings per diluted share of $0.53; non-GAAP EPS, adjusted for restructuring and other items, is $0.58 for the quarter.\u00a0 Incremental investments in Bob Evans Restaurants\u2019 marketing, restaurant refreshes, and new store openings equate to $0.06 per diluted share<\/li>\n<li>Farm-Fresh Refresh program continues to drive sales and profits.\u00a0 Company exploring opportunities to increase number of restaurant refreshes in 2013<\/li>\n<li>Announces BEF Foods\u2019 acquisition of the assets of Kettle Creations for approximately $50 million in cash.\u00a0 Enables partial vertical integration of high-growth side dish business<\/li>\n<li>Board of Directors approves 10 percent increase in quarterly dividend rate from 25 cents per share to 27.5 cents per share<\/li>\n<li>Company raises fiscal 2013 EPS guidance range to $2.67 to $2.73, supported by positive revenue trends and earnings accretion from acquisition<\/li>\n<\/ul>\n<p><strong>First-quarter fiscal 2013 commentary<\/strong><br \/>\nChairman and Chief Executive Officer Steve Davis said, \u201cThe actions we took during the first quarter of fiscal 2013 reflect confidence in our Company\u2019s growth prospects. Despite volatility in commodity markets, and ongoing economic challenges for our customers, we continue to drive sales with our successful value platforms and invest in growth projects.<\/p>\n<p>\u201cWe are encouraged by positive sales results at Bob Evans Restaurants and BEF Foods, with sequential moderation in Mimi\u2019s Caf\u00e9\u2019s sales trend during the first quarter.\u00a0 Our teams are committed to building on the sales momentum we have achieved.\u00a0 From ongoing investments in new restaurants and our Farm-Fresh Refresh remodeling initiative at Bob Evans Restaurants, to the acquisition of Kettle Creations to help drive margin gains and enable vertical integration of a portion of BEF Foods\u2019 refrigerated side dish business, we are delivering on the key pillars of our operating strategy:\u00a0 transforming our businesses, investing in high return on invested capital opportunities, and driving shareholder value.<\/p>\n<p>\u201cWe plan to continue employing our strong balance sheet to drive growth projects going forward,\u201d Davis said.\u00a0 \u201cWhere prudent, we will investigate <a href=\"http:\/\/www.knowfinance.com\/category\/options\/\" target=\"_blank\" rel=\"noopener\">options<\/a> for accelerating investments that are generating high returns, such as the Farm-Fresh Refresh remodeling program at Bob Evans Restaurants.\u00a0 Furthermore, our approach to capital allocation will remain balanced between growth investments that support our long-term annual adjusted EPS growth guidance of 7 to 10 percent, and return of capital to our shareholders through dividends and share repurchases.\u201d<\/p>\n<p><strong>About Bob Evans Farms, Inc. &#8211; BOBE<\/strong><\/p>\n<p>Bob Evans Farms, Inc. (BOBE) owns and operates full-service restaurants under the Bob Evans and Mimi\u2019s Caf\u00e9 brand names.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120816175835\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fbob-evans-bobe-positive-sales-results-at-bob-evans-restaurants-and-bef-foods%2F32413&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/perrigo-prgo-reports-record-fourth-quarter\/32505\">\nPerrigo &#8211; PRGO &#8211; Reports Record Fourth Quarter<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-turn-positive-in-mid-day-trading-all-three-major-indexes-near-session-highs\/32518\">\nStocks Turn Positive in Mid-Day Trading; All Three Major Indexes Near Session Highs<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/xueda-education-group-xue-strong-double-digit-growth-and-delivered-solid-performance\/32510\">\nXueda Education Group &#8211; XUE &#8211; Strong double-digit growth and delivered solid performance<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ibm-to-acquire-texas-memory-systems\/32504\">\nIBM to acquire Texas Memory Systems<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/the-bancorp-tbbk-and-transact-network-limited-to-expand-bancorps-payment-solutions-presence-into-europe\/32503\">\nThe Bancorp (TBBK) and Transact Network Limited &#8211; To Expand Bancorp\u2019s Payment Solutions Presence into Europe<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-mixed-as-investors-digest-slightly-weaker-economic-indicators\/32500\">\nU.S. Stocks Mixed as Investors Digest Slightly Weaker Economic Indicators<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-inch-lower-as-ambiguity-over-feds-monetary-easing-persists-silver-prices-also-slip\/32484\">\nGold Prices Inch Lower as Ambiguity over Fed\u2019s Monetary Easing Persists, Silver Prices also Slip<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20120816175835im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bob Evans Farms, Inc (NASDAQ: BOBE) announced its results for the fiscal 2013 first quarter ended Friday, July 27, 2012. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6],"tags":[1231],"class_list":["post-32413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-stocks-to-watch","tag-bobe"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/32413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=32413"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/32413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=32413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=32413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=32413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}