The restaurant operator and food distributor posted earnings of 30 cents a share. That's 27 cents below the 57 cents a share analysts surveyed by Thomson Reuters estimated. Revenue declined 21.7% from the year-ago quarter to $340.1 million. Analysts predicted revenue of $350.5 million for the quarter.
Same-store sales for Bob Evans Restaurants fell 1.8% in the quarter. Severe winter weather likely had an impact on the results, as the company notes same-store sales in its 47 core locations in Florida rose 4.4%.
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TheStreet Ratings team rates BOB EVANS FARMS as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOB EVANS FARMS (BOBE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."