Bob Evans Farms Inc. cited lower sales and higher costs, particularly for sows, as it reported a 22.1-percent dive in first-quarter net income. The Columbus, Ohio-based restaurant operator and sausage maker had net income of $12.5 million, or 41 cents per share, for the July 30-ended quarter, compared with year-ago earnings of $16.1 million, or 52 cents per share. Bob Evans' first quarter revenue declined 3.9 percent to $412.6 million, reflecting a 4.7-percent decline in restaurant ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!