Bob Evans Farms Announces Third-Quarter Financial Results
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 of $14.3 million.
Third-quarter fiscal 2016 commentary
President and CEO Saed Mohseni says, “BEF Foods delivered another strong quarter with 33 percent year-over-year non-GAAP operating income growth and continued double-digit pounds-sold growth of both its refrigerated side-dish and sausage product lines. During its transformation over…