Bob Evans Farms Inc. (BOBE)

Bob Evans Farms, Inc., together with its subsidiaries, engages in the ownership and operation of full-service restaurants. It operates Bob Evans Restaurants located in the Midwest, mid-Atlantic, and Southeast regions of the United States; and Mimis Cafs located in California and other western states. The companys full-service restaurants include 571 Bob Evans Restaurants in 18 states; and 132 Mimis Cafs in 22 states, as of April 25, 2008. It also owns and operates SWH Custom Foods, a prep kitchen in Fullerton, California, that prepares signature muffin mixes, dressing sauces, and soups for Mimis Cafs and third-party restaurants. In addition, the company produces and distributes fresh and cooked pork products, and home style convenience food items under the Bob Evans and Owens brand names. Its food products include fresh, smoked, and cooked pork sausage and hickory-smoked bacon products; convenience food items in the refrigerated and frozen areas of grocery stores, such as mashed potatoes, macaroni and cheese, microwaveable sandwiches, and slow-roasted main dish entres in the east north central, mid-Atlantic, southern, and southwestern United States. The company sells its products through direct-store delivery system and customer warehouses, as well as through food wholesalers and distributors. Bob Evans Farms was founded in 1953 and is based in Columbus, Ohio.

For the twenty six weeks ended 27 October 2006, Bob Evans Farms, Inc.'s revenues increased 4% to $816.1M. Net income increased 31% to $26.6M. Revenues reflect an increase in restaurants sales attributable to more restaurants in operation and higher food products segment revenues. Net income also reflects lower cost of sales due to a greater focus on breakfast items which have a lower cost and decreased net interest expense.