Bob Evans Farms, Inc. announced its financial results for the fiscal 2016 third quarter ended January 22. On a GAAP basis, the company reported net income of $12.9 million, compared with net income of $5.9 million, in the corresponding period last year. On a non-GAAP basis, net income was $12.9 million, compared with net income […]

Bob Evans Farms, Inc. announced it entered into purchase and sale agreements with National Retail Properties and Mesirow Realty Sale-Leaseback, Inc. The terms of the sale-leaseback agreements included the sale of 119 Bob Evans Restaurant properties to National Retail Properties for $163.4 million, and the sale of 26 Bob Evans Restaurant properties to Mesirow for […]

Bob Evans Farms, Inc. announced it closed on a $30 million mortgage of its corporate support center in New Albany, Ohio.   The mortgage has a 10-year term with a variable interest rate, initially set at 5.1 percent. Additional information concerning this transaction was filed by the company with the Securities and Exchange Commission. Mark Hood, […]

Bob Evans Farms, Inc. announced it signed a letter of intent to sell 145 restaurant properties to Mesirow Realty Sale-Leaseback, Inc., an affiliate of Mesirow Financial Holdings, Inc., for $200 million. The company expects the transaction to close during its fourth fiscal quarter ending April 29, 2016, and to yield net proceeds of around $165 to […]

Bob Evans Farms, Inc. announced its financial results for the fiscal 2016 second quarter that ended October 23. On a GAAP basis, the company reported net income of $6.4 million, or $0.29 per diluted share, compared with net income of $6.0 million, or $0.25 per diluted share, in the corresponding period last year. On an adjusted basis, […]

Bob Evans Farms, Inc. named Saed Mohseni president and chief executive officer, effective January 1. The Bob Evans Board has also agreed to appoint Mohseni to the board of directors, effective the same date. Mohseni is the chief executive officer of Bravo Brio Restaurant Group, Inc. and also a director, positions he will hold through […]

Bob Evans Farms, Inc. announced that the board of directors has named Douglas N. Benham, former president and chief executive officer of Arby’s Restaurant Group, Inc., and a director of Bob Evans since August 2014, to the new position of executive chair. It also announced that Mark Hood, chief financial officer, Mike Townsley, president of […]