Bob Evans Farms 4Q Profit Climbs On Lower Costs

COLUMBUS, Ohio (AP) — Bob Evans Farms Inc., operator of Bob Evans and Mimi's Cafe restaurants, said its fourth-quarter profit rose 31 percent, helped by the performance of its namesake restaurants and lower labor and food costs.

Late Tuesday, the company that also produces pork sausage said it earned $21.1 million, or 69 cents per share, for the quarter ended April 24 compared with $16.1 million, or 52 cents per share, a year ago.

Quarterly results were weighed down by $76.3 million in charges mostly related to a $56.2 million goodwill impairment charge for the Mimi's Cafe acquisition. ...