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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.