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Bob Evans Farms Inc (BOBE.OQ)

BOBE.OQ on NASDAQ Stock Exchange Global Select Market

56.13USD
23 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Bob Evans Farms to pay to Golden Gate Capital termination fee of $15 mln if deal falls apart
Wednesday, 25 Jan 2017 06:38am EST 

Bob Evans Farms Inc : Bob Evans Farms-will be obligated to pay to golden gate capital termination fee of $15.0 million if purchase agreement terminated in certain circumstances .Bob Evans Farms- also will be obligated to pay reimbursement of golden gate capital's transaction expenses up to $5.0 million in certain circumstances.  Full Article

Bob Evans reports fiscal 2017 Q2 results and updates fiscal 2017 guidance
Monday, 5 Dec 2016 04:11pm EST 

Bob Evans Farms Inc : Bob Evans reports fiscal 2017 second-quarter results and updates fiscal 2017 guidance . Q2 GAAP earnings per share $0.01 . Q2 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Q2 non-GAAP earnings per share $0.56 . Sees FY 2017 sales $390 million to $410 million . Q2 sales $316 million versus I/B/E/S view $318.1 million . Sees FY 2017 GAAP earnings per share $1.54 to $1.72 . Bob Evans Farms Inc - Lowers fiscal year 2017 GAAP diluted EPS guidance range . Bob Evans Restaurants' sales trend continued to improve as Q2 same-store sales declined 1.8 percent . Current share repurchase authorization extended through December 31, 2017 . Board is working with J.P. Morgan to review and evaluate potential opportunities for value creation . Bob Evans Farms Inc says for 2017 raised non-GAAP diluted EPS guidance range to $2.15 to $2.30, from $2.05 to $2.20 previously .FY2017 earnings per share view $2.11, revenue view $1.30 billion -- Thomson Reuters I/B/E/S.  Full Article

Sandell Asset Management reports 8.1 pct stake in Bob Evans Farms
Thursday, 22 Sep 2016 09:33am EDT 

Sandell Asset Management: May pursue consent solicitation to solicit written consents from co's shareholders in order to facilitate separation, or pursue other alternatives . Had discussions, intend to have further discussions, with board,management,shareholders,other parties and advisors regarding separation . Believes Bob Evans Farms must now publicly commit to transparent process to separate bef foods and restaurants business segments .Sandell Asset Management reports 8.1 percent stake in Bob Evans Farms Inc as of September 22.  Full Article

Bob Evans reports fiscal 2017 Q1 results and raises fiscal 2017 EPS guidance
Wednesday, 31 Aug 2016 07:00am EDT 

Bob Evans Farms Inc : Reports Fiscal 2017 First-Quarter results and raises fiscal 2017 EPS guidance . Q1 non-GAAP earnings per share $0.48 . Q1 GAAP earnings per share $0.46 . Q1 earnings per share view $0.44 -- Thomson Reuters I/B/E/S . Sees FY 2017 GAAP earnings per share $2.00 to $2.17 . Q1 sales $306.3 million versus I/B/E/S view $310.9 million . Sees FY 2017 non-GAAP earnings per share $2.05 to $2.20 . Sees FY 2017 earnings per share $2.00 to $2.17 . Sets quarterly dividend of $0.34per share . Qtrly same-store sales declined 4.3 percent . FY2017 earnings per share view $2.06, revenue view $1.30 billion -- Thomson Reuters I/B/E/S . Sees FY 2017 consolidated net sales $1.28 billion -$1.33 billion . Sees FY 2017 Bob Evans restaurants same-store sales of negative low-single digit to flat .Sees FY 2017 capital expenditures $75 to $80 million.  Full Article

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

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