Bob Evans Farms Inc. (BOBE) reported that its third-quarter net income was $17.97 million or $0.58 per share, compared to a loss of $51.37 million or $1.67 per share in the same quarter last year.
The Company reported consolidated operating income of $28.4 million in the third quarter of fiscal 2010, compared to a reported operating loss of $46.4 million in the third quarter of fiscal 2009.
Net sales were $429.8 million, down 3.1% from $443.8 million in the third quarter of fiscal 2009. Analysts polled by Thomson Reuters expected the company to report revenues of $438.11 million for the quarter. Analysts' estimates typically exclude special items.
The Company reaffirmed its estimate for reported fiscal 2010 operating income of about $110 million to $115 million. The outlook for fiscal 2010 includes the impact of a 53rd week, which the Company estimates will contribute an incremental $31 million in net sales and $5 million in operating income.
For comments and feedback: editorial@rttnews.com