Bob Evans Farms Inc (BOBE.OQ) Key Developments | Reuters.com
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Bob Evans Farms Inc (BOBE.OQ)

BOBE.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Bob Evans reports Q4 earnings per share $0.48
Tuesday, 14 Jun 2016 04:01pm EDT 

Bob Evans Farms Inc : Reports fiscal 2016 fourth-quarter and full-year results; provides fiscal year 2017 outlook . Q4 non-GAAP earnings per share $0.48 . Q4 GAAP earnings per share $0.03 . Q4 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . Sees FY 2017 non-GAAP earnings per share $2.00 to $2.15 . Q4 sales $345.6 million versus I/B/E/S view $345.3 million . Bob Evans restaurants' Q4 same-store sales declined 3.0 percent . At Bob Evans restaurants, expect negative low-single digit to flat same-store sales for fiscal year 2017 . BEF Foods' net sales in fiscal 2017 are expected to be $400 to $420 million . Fiscal 2017 capital expenditure budget of $75 to $80 million . Sees FY 2017 consolidated net sales $1.28 to $1.33 billion . Sees FY 2017 GAAP diluted earnings per share $1.95 to $2.12 .FY2017 earnings per share view $2.19, revenue view $1.32 billion -- Thomson Reuters I/B/E/S.  Full Article

Bob Evans Farms announces closure of 27 restaurants
Monday, 25 Apr 2016 08:30am EDT 

Bob Evans Farms:Announces closure of 27 restaurants.Expects proceeds of approximately $20 million from sale of the owned properties.Although restaurants subject to closure generated $30 million of annual revenue, this action is expected to improve annual operating income by approximately $1 million.Company estimates it will incur $7.5 to $8.0 million of expenses related to the closures.Expenses will be classified as non-GAAP items, and will be reflected in fiscal 2016 fourth-quarter results.  Full Article

Bob Evans Farms Signs Purchase and Sales Agreements on Sale-Leaseback of 145 Restaurant Properties
Thursday, 25 Feb 2016 04:01pm EST 

Bob Evans Farms:Entered into purchase and sale agreements with National Retail Properties, LP, an affiliate of National Retail Properties, Inc. ("NNN") and Mesirow Realty Sale-Leaseback, Inc.Purchase and sale agreements for the sale for a purchase price of $163.4 million by Bob Evans Restaurants to NNN of a portfolio of 119 Bob Evans Restaurant properties.Purchase and sale agreements for the sale for a purchase price of $36.6 million by Bob Evans Restaurants to Mesirow of a portfolio of 26 Bob Evans Restaurant properties.Bob Evans Restaurants has agreed to enter into absolute net master leases with NNN and with Mesirow.Pursuant to which Bob Evans Restaurants will lease the locations for an initial term of 20 years, with five renewal options of five years each.  Full Article

Bob Evans Farms, Inc announces dividend
Thursday, 18 Feb 2016 04:01pm EST 

Bob Evans Farms, Inc:Says declares quarterly cash dividend of $0.34 per share on the company's outstanding common stock.Payable on March 14, 2016, to stockholders of record at the close of business on February 29, 2016.  Full Article

Bob Evans Farms, Inc signs a letter of intent for a $200 Million Sale-Leaseback Transaction of 145 Restaurant Properties
Monday, 21 Dec 2015 08:00am EST 

Bob Evans Farms, Inc:Says expects to yield net proceeds of approximately $165 to $170 million.Signs a letter of intent for a $200 million sale-leaseback transaction of 145 restaurant properties.Says properties will be leased under an absolute triple-net single master lease agreement.Says annual straight-line rent expense, inclusive of a 1.5% annual escalator, will be approximately $15.4 million.Primary term of lease, which will be treated as an operating lease, is 20 years with up to five successive five-year renewal options.  Full Article

Bob Evans Farms, Inc declares quarterly dividend
Thursday, 19 Nov 2015 04:01pm EST 

Bob Evans Farms, Inc:Says board approves 9.7 percent quarterly dividend increase to $0.34 per share from $0.31 per share previously.  Full Article

Bob Evans Farms Inc names Saed Mohseni President and Chief Executive Officer
Tuesday, 17 Nov 2015 05:00pm EST 

Bob Evans Farms Inc:Named Saed Mohseni President and Chief Executive Officer, effective January 1, 2016.Bob Evans Board has also agreed to appoint Mr. Mohseni to the Board of Directors, effective January 1, 2016.  Full Article

Bob Evans Farms Inc lowers FY 2016 restaurants same-store sales and revenue guidance; raises FY 2016 EPS guidance
Tuesday, 1 Sep 2015 04:01pm EDT 

Bob Evans Farms Inc:Raises FY 2016 diluted EPS guidance range to $1.85 to $2.00, from $1.75 to $1.95.Expects FY 2016 Consolidated net sales of $1.33 to $1.39 billion.Expects FY 2016 Bob Evans Restaurants same-store sales of 1.0% to 2.0%.FY 2016 revenue of $1.36 billion and EPS of $1.85 - Thomson Reuters I/B/E/S.  Full Article

Bob Evans Farms Inc raises FY 2016 non-GAAP diluted EPS guidance
Tuesday, 1 Sep 2015 04:01pm EDT 

Bob Evans Farms Inc:Increases FY 2016 non-GAAP diluted EPS guidance range to $1.85 to $2.00.  Full Article

Bob Evans Farms Names Doug Benham Executive Chair
Friday, 28 Aug 2015 07:30am EDT 

Bob Evans Farms Inc:Announces that the board of directors has named Douglas N. Benham, a Director of Bob Evans since Aug. 2014, to the new position of Executive Chair.Says this new leadership structure, which became effective Aug. 27, replaces the Office of the Interim CEO, which was established in Dec. 2014, and will continue until a new CEO is named.Says Mary Kay Haben, who has served as Non-Executive Chair since Oct. 2014, will become Lead Independent Director, as Benham assumes the role of Executive Chair.  Full Article

BRIEF-Bob Evans reports Q4 earnings per share $0.48

* Reports fiscal 2016 fourth-quarter and full-year results; provides fiscal year 2017 outlook