Bob Evans Farms Inc. announced its results for the 2012 third fiscal quarter ended Friday, Jan. 27, 2012. The company reported earnings of 69 cents per diluted share, compared with 51 cents per diluted share last year, a 35% increase. Operating income was up 19%, and net income up 31%, on improving sales trends, and ongoing success with cost initiatives.
Chairman and CEO Steve Davis said the company's third-quarter operating results reflect continued momentum across all three of its brands. Bob Evans Restaurants reported positive same-store sales for the quarter; and Mimi's same-store sale results, while still negative, improved sequentially. The foods segment delivered a modest sales and volume increase, along with market share increases in both its sausage and side dish businesses.