Fiscal 2014 presented Bob Evans Farms Inc. with several challenges, including severe winter weather that affected restaurant sales, and issues within its Bob Evans Foods division, namely higher sow costs that eroded profitability for its retail sales of sausage.

The New Albany, Ohio-based company’s 47.8-percent decrease in net income during the April 25-ended fourth quarter reflected those headwinds, including a 4.1-percent decrease in same-store sales for 561 family-dining restaurants. However, full-year profitability swung significantly to a $33.7 million gain, lapping a large loss from discontinued operations in fiscal 2013 when the company sold its Mimi’s Café casual-dining chain. Bob Evans operates namesake restaurants in 19 states.
 

4Q NET INCOME

Result: $13 million, or 53 cents per share
% Decrease: 47.8% (from $29.8 million, or $1.06 cents per share)

4Q REVENUE

Result: $326.4 million
% Decrease: 2.2% (from $333.9 million)

4Q SAME-STORE SALES

% Decrease: 4.1%

Source: Company report



FULL YEAR NET INCOME

Result: $33.7 million, or $1.26 per share
% Increase: 4,204% (from –$821,000 net loss, or –3 cents per share)

FULL YEAR REVENUE

Result: $1.329 billion
% Decrease: 0.1% (from $1.330 billion)

FULL YEAR SAME-STORE SALES

% Decrease: 2.1%

Source: Company report



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Contact Mark Brandau at mark.brandau@penton.com.
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