Bob Evans Farms Inc. announced its financial results for the fiscal 2014 second quarter ended Friday, October 25, 2013. The company reported consolidated GAAP operating income from continuing operations of $23.5 million. Operating profit in the second quarter of fiscal 2014 was reduced by approximately $11.0 million, or approximately $0.27 per diluted share, due to a higher than expected year-over-year increase in sow prices and other short-term cost impacts.
Bob Evans Restaurants' net sales were $240.5 million, down 2.4 percent compared to net sales of $246.3 million in the corresponding period last year, of which $1.6 million, or approximately 60 basis points, is related to the closure of six restaurants since the end of the second quarter of fiscal 2013. Same-store sales declined by 1.9 percent, which lagged the Midscale Family Segment, according to The NPD Group's Sales Track Weekly.