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News and Information Article
COLUMBUS, Ohio, May 9 /-FirstCall/ -- Bob Evans Farms, Inc.
(Nasdaq: BOBE) today announced that same-store sales at Bob Evans
Restaurants for the fiscal 2006 month of April (the five weeks ended April
28) decreased 0.6 percent from the same period a year ago. Average menu
prices for the fiscal month were up approximately 3.2 percent.
Mimis Cafe same-store sales for the fiscal 2006 month of April
increased 1.8 percent from the same period a year ago. Average menu prices
for the month were up approximately 2.4 percent.
Same-store sales are calculated using the 469 Bob Evans Restaurants and
70 Mimis Cafes that were open at the end of the month and for the full 12
months in both fiscal 2004 and 2005.
Chief Executive Officer Steve Davis said, "Same-store sales continue to
be a challenge at Bob Evans Restaurants and certainly a key focus as I
begin working with the team at Bob Evans. Sales trends at the end of the
fiscal month were significantly weaker and in fact this trend has continued
in early May. However, margins continued to improve during the fourth
quarter. Restaurant margins improved due to reductions in both food and
labor costs at Bob Evans Restaurants. In the food products segment, margins
benefited from lower raw material costs and continued strong sales
momentum."
The company will release fourth-quarter and fiscal year-end results on
June 5, 2006, followed by a conference call on June 6, 2006, at 10 a.m. ET.
Details for the call will be forthcoming on the companys Web site.
Bob Evans Farms, Inc. owns and operates 587 full-service, family
restaurants in 19 states primarily in the Midwest, mid-Atlantic and
Southeast regions of the United States. In addition, the company operates
103 Mimis Cafe casual restaurants located in 17 states, primarily in
California and other western states. Bob Evans Farms, Inc. is also a
leading producer and distributor of pork sausage and a variety of
complementary homestyle convenience food items under the Bob Evans and
Owens brand names. For more information about Bob Evans Farms, Inc., visit
the companys Web site at http://www.bobevans.com.
Safe Harbor Statement Under the Private Securities Litigation Reform
Act of 1995
Statements in this report that are not historical facts are forward-
looking statements and are based on current expectations. Forward-looking
statements involve various important assumptions, risks and uncertainties.
Actual results may differ materially from those predicted by the forward-
looking statements because of various factors and possible events,
including, without limitation:
- Changing business and/or economic conditions, including energy costs
- Competition in the restaurant and food products industries
- Ability to control restaurant operating costs, which are impacted by
market changes in the cost or availability of labor and food, minimum
wage and other employment laws, fuel and utility costs and general
inflation
- Changes in the cost or availability of acceptable new restaurant sites
- Adverse weather conditions in locations where the company operates its
restaurants
- Consumer acceptance of changes in menu, price, atmosphere and/or
service procedures
- Consumer acceptance of the companys restaurant concepts in new
geographic areas
- Changes in hog and other commodity costs.
There is also the risk that the company may incorrectly analyze these
risks or that the strategies developed by the company to address them will
be unsuccessful.
Additional discussion of these factors is included in the companys
periodic filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date on which they are
made, and the company undertakes no obligation to update any
forward-looking statement to reflect circumstances or events that occur
after the date on which the statement is made to reflect unanticipated
events. All subsequent written and oral forward-looking statements
attributable to the company or any person acting on behalf of the company
are qualified by the cautionary statements in this section.
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property for sale in paphos polis cyprus |
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