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BOB EVANS FARMS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Dec 6, 2017. Its latest SEC filing is a SC 13G/A from Feb 8, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Produces refrigerated side dishes, pork sausage and frozen foods for grocery retailers and foodservice businesses.

How Did They Make Money?

Retail and foodservice customers pay for food products when they receive them.

revenue

Who Were Their Customers?

National and regional retail chains buy through the company’s account teams and food brokers; wholesalers and distributors serve smaller grocers and restaurant and foodservice operators.

Customers above 10% of revenue, FY2017
of revenue from two customers (20%, 14%)

Did Revenues Turn Into Profits?

Yes. It kept 32 cents of every revenue dollar as net income in .

Operating income,
8% of revenue
▼ −9% vs ($33.1M, 9%)
Net income,
32% of revenue
▲ +422% vs ($24.2M, 6%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q2 FY2018, the three months to Oct 27, 2017
Revenue
▲ +22%
vs $96.2M in Q2 FY2017
Net income
▲ +932%
vs $218K in Q2 FY2017
  • Jan 12, 2018 Post completed its acquisition of Bob Evans Bob Evans became Post’s wholly owned subsidiary, and the company requested that Nasdaq delist its shares.
  • Sep 19, 2017 Bob Evans agreed to be acquired by Post The merger agreement provided for cash payment to shareholders at closing.

Shrank. Revenue fell 70% in 4 years, from $1.3B in to $394.8M in , about 26% a year.

Sold the restaurant business The business shifted from operating restaurants alongside its food-products operations to focusing on producing and distributing food products after the restaurant business was sold.

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