Bob Evans Farms Inc. reported earnings per share of 59 cents and consolidated operating income of $27.5 million
Bob Evans foods segment offsets slow restaurant sales in Q1
Bob Evans Farms Inc. reported earnings per share of 59 cents and consolidated operating income of $27.5 million, or 6.8 percent of net sales, in the first quarter of fiscal 2012. This compares to earnings per share of 41 cents and consolidated operating income of $21.4 million, or 5.2 percent of net sales, in the first quarter of fiscal 2011. The improvement came primarily from a strong performance in the foods segment and cost-control initiatives.
Chairman and CEO Steve Davis said the company met its first-quarter earnings per share goals due largely to improvement in the foods segment that offset lower-than-expected sales results at both restaurant brands.