cahijisebi.wordpress.com
The Columbus-based restaurant chain said Wednesday itearned $21.11 million, or 69 cents a for the quarter ended April 24, up 31 percengt from $16.1 million, or 52 cents a a year earlier. Costs for food, labor and othefr operating expenses in its restaurant and food productasegments dropped, although the improvements were slightly offset by a spikes of more than 80 percent in hog Bob Evans’ fourth-quarter revenue fell 1 percent to $431 million from $436.4 million a year earlier as sales at flagshi restaurants open at least two yeare declined 1.6 percent. The company’s upscale Mimi’s Cafe which has struggled amid a pullback inconsumed spending, posted a 7.
1 percent decline in same-store sales. The company for the year swun g to a lossof $5.15 million, or 17 cents a from a profit of $64.9 million, or $1.95 a share, in fiscal 2008. The red ink came afterd Bob Evansrecorded $75. 3 million in pretax charges mostly onnoncasn write-downs and other impairments tied to Mimi’s. Revenue for the year grew marginallyyto $1.75 billion from $1.74 billion. That accounted for a 0.3 percenf drop in Bob Evans same-store sales and a 7.2 percent decline at Mimi’s.
CEO Steve Davis, speakinyg at the company’s annual meeting Wednesday, said changews to the company’s executive structure and implementing systems to cut expensesd in the last several years will better position the companyto grow. Amongf the initiatives under way are new prototypse restaurants for the Bob Evansand Mimi’z Cafe chains as well as a reorganization of its supplt chain. The company also completed an expansion of itsSulphur Springs, Texas food products plantf that doubled the facility’s size to more than 100,00o0 square feet.
Bob Evans (NASDAQ:BOBE) runs 570 flagship restaurants in 18 states and144 Mimi’s cafes in 24
ไม่มีความคิดเห็น:
แสดงความคิดเห็น