Bob Evans Farms
The 10-second takeaway
For the quarter ended April 26 (Q4), Bob Evans Farms beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted. GAAP earnings per share grew significantly.
Gross margins increased, operating margins shrank, net margins grew.
Bob Evans Farms reported revenue of $353.9 million. The four analysts polled by S&P Capital IQ expected to see net sales of $333.7 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $413.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.71. The five earnings estimates compiled by S&P Capital IQ anticipated $0.64 per share. Non-GAAP EPS of $0.71 for Q4 were 11% lower than the prior-year quarter's $0.80 per share. GAAP EPS of $0.97 for Q4 were 28% higher than the prior-year quarter's $0.76 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.6%, 70 basis points better than the prior-year quarter. Operating margin was 5.4%, 220 basis points worse than the prior-year quarter. Net margin was 7.6%, 230 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $333.9 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $1.38 billion.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 91 members out of 140 rating the stock outperform, and 49 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Bob Evans Farms a green thumbs-up, and 14 give it a red thumbs-down.
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