Bob Evans Earnings Follow Up
Bob Evans Farms (NASDAQ: BOBE) reports its Q4 2014 earnings Tuesday after the market close.
The restaurant chain reported fiscal diluted EPS of $0.40 for the fourth quarter and $1.16 for the full year, coming in below consensus expectations of $1.05 for the full year. Non-GAAP EPS from continuing operations was $0.48 for Q4 and $1.68 for the 2014 full year, versus consensus expectations of $0.69 and plummeting from 2013's $2.39.
Bob Evans reported share repurchases for 2014 of $225 million, the company has previously returned more than $800 million to its stockholders since 2007.
Bob Evans Restaurants announced it would open eight new restaurants during 2015.
Guidance for the Columbus, Ohio based full service restaurant was released much lower than analysts expectations for the given period, with FY 2015 EPS expected to be between $1.90 to 2.20, much lower than analysts estimates of $2.56.
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