Profile: Bob Evans Farms Inc (BOBE.OQ)
24 Jun 2016
Bob Evans Farms, Inc. (Bob Evans), incorporated on November 4, 1985, is a full-service restaurant company. The Company operates 567 Bob Evans Restaurants and licenses four Bob Evans Express locations in 19 states. It also produces and distributes pork sausage products and a range of home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names. These food products are distributed to customers throughout the United States. Additionally, the Company manufactures and sells similar products to foodservice accounts, including Bob Evans Restaurants and other restaurants and food sellers. The Company operates in two segments: Bob Evans Restaurants and BEF Foods.
Bob Evans Restaurants
As of April 24, 2015, the Company operated 567 Bob Evans Restaurant locations. Through its restaurant segment, the Company offers its customers a range of breakfast, lunch and dinner items either on a dine-in or carryout basis in family-friendly settings. Bob Evans Restaurants include a variety of foods, such as sausage gravy, sweet and stacked hotcakes. Its breakfast entrees are served all day and feature food items, such as sausage, bacon and eggs, as well as offerings like sweet and stacked hotcakes, omelets and coffee. The Company also offers a variety of lunch and dinner entrees, including a line-up of salads and dinner items, such as slow-roasted pot roast, slow-roasted turkey and country fried steak. The Company also rolls out its Broasted Chicken platform.
Bob Evans Restaurants range in size from approximately 3,600 to 6,500 square feet and average approximately 5,000 square feet, while its larger Bob Evans Restaurants & General Stores are approximately 9,800 square feet. As of April 24, 2015, the Company opened seven new restaurants in Ohio, Florida and Kentucky. The Company's Farm House Feasts serve 8 to 10 people, featured on Thanksgiving and Christmas. As of April 24, 2015, the Company owned the real estate for 483 of its Bob Evans Restaurants and leased the real estate for the remaining 84 locations. As of April 24, 2015, Bob Evans Restaurants were located in 19 states, primarily in the Midwest, mid-Atlantic and Southeast.
BEF Foods Segment
The Company's BEF foods segment offers a range of wholesome food products to retail and foodservice customers. It sells its retail food products under the Bob Evans, Owens and Country Creek brand names. The Company's food products provide meal solutions. Its food products include approximately 60 varieties of branded, smoked and fully cooked pork and turkey sausage, ham and hickory-smoked bacon products, such as Bob Evans Fresh Sausage (in rolls, patties or links, all in a variety of seasonings), Bob Evans Sweet Italian Sausage, Bob Evans Fully Cooked Maple Links and Bob Evans Fully Cooked Turkey Sausage Patties. The Company also offers over 100 food items in the refrigerated and frozen areas of grocery stores, such as mashed potatoes (different varieties in various sizes), Oven Bake Scalloped Potatoes and Oven Bake Macaroni & Cheese, its sides, such as Homestyle Broccoli & Cheese, Seasoned Homestyle Stuffing, Six Cheese Pasta, Original Green Bean Casserole and Sliced Glazed Apples, its Handheld Breakfast Items, such as Bob Evans Sausage, egg, cheese biscuits, Bob Evans Sausage Gravy Stuffers, Bob Evans Southwest Breakfast Bake and Bob Evans Sausage, egg & cheese croissant, its Breakfast Burritos, Breakfast Bowls, Owens Kolaches, as well as Soups (Original Chicken & Noodles and Original Sausage Chili), and Sausage Gravies.
The Company produces food products in its four manufacturing facilities. It produces sausage products at its plants located in Hillsdale, Michigan, and Xenia, Ohio. The Company's ready-to-eat products, such as sandwiches, soups and gravies, are produced at its Sulphur Springs, Texas, plant, and its Lima, Ohio, plant produces refrigerated side dishes. It also uses third parties to manufacture or co-pack the Bob Evans and Owens products that are not produced in its own facilities. These co-packed items include some of the Company's side dish and meat items. The Company supplies its customers by shipping products directly to their warehouses for further distribution by the customers to their retail stores. It also distributes products through food wholesalers and distributors who service smaller, independent grocers. As of April 24, 2015, the Company's Owens brand products were available for purchase in Oklahoma, Louisiana and Texas.
Bob Evans Farms Inc
8111 Smiths Mill Rd
NEW ALBANY OH 43054-1183
Company Web Links
- BRIEF-Bob Evans reports Q4 earnings per share $0.48
- BRIEF-Bob Evans Farms announces closure of 27 restaurants
- BRIEF-Bob Evans Farms says on April 14 completed closing of transactions with Mesirow and National
- Breakingviews: An activist loss marks a win for all shareholders
- Bob Evans shareholder says company should hire adviser for BEF sale