Restaurant News Resource - Bob Evans Restaurant Industry News

Company announces 3Q 2012 earnings of 69 cents per diluted share compared with 51 cents per diluted share last year, a 35% increase

Company reaffirms fiscal year 2012 EPS guidance of $2.36 to $2.44 and annual earnings growth guidance of approximately 7 to 10 percent over next five years

Company announces reported 4Q 2011 consolidated operating income of $27.8 million; achieves adjusted consolidated operating income guidance for FY 2011; Same-store sales turn positive at Bob Evans Restaurants

Bob Evans Farms, Inc. (NASDAQ: BOBE) today announced that its board of directors has approved a quarterly cash dividend of 20 cents per share on the Company's outstanding common stock. The dividend is payable on June 20, 2011 to stockholders of record at the close of business on June 6, 2011.

The Bob Evans Farm proudly announces a packaging redesign for its popular food products line. As product distribution grows stronger and grocery store shoppers become more familiar with Bob Evans Food Products, it is increasingly important for the brand to leverage its expansion through a revitalized presence on grocery store shelves. After months of rigorous research and consumer testing, the new design is being unveiled.

Bob Evans Farms, Inc. (Nasdaq: BOBE) today named Mark A. Mears as president and chief concept officer of Mimi's Cafe, effective April 18, 2011.

Company Announces Move of Corporate Headquarters - Remains Committed to Central Ohio, Plans to Build New Campus in Village of New Albany

Net sales were $428.6 million in the third quarter of fiscal 2011, a 0.3 percent decrease compared to $429.8 million in fiscal 2010.

DeSantis, 46, will assume the position of chief financial officer, treasurer and assistant corporate secretary, effective March 7. In this role, DeSantis will oversee the financial reporting, investor relations and corporate finance functions.

Chairman and Chief Executive Officer Steve Davis said the Company's second-quarter adjusted operating results, excluding special items, exceeded management's expectations.