Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 24, 2015 2:08 AM ET

Food Products

Company Overview of BEF Foods, Inc.

Company Overview

BEF Foods, Inc. produces and distributes retail pork sausage, refrigerated side dishes, and frozen convenience and foodservice items. The company was incorporated in 2011 and is based in Columbus, Ohio. BEF Foods, Inc. operates as a subsidiary of Bob Evans Farms, LLC.

3776 South High Street

Columbus, OH 43207

United States

Founded in 2011

Phone:

614-491-2225

Key Executives for BEF Foods, Inc.

President
Age: 55
Compensation as of Fiscal Year 2014.

BEF Foods, Inc. Key Developments

Bob Evans Not Looking To Sell BEF Foods

Bob Evans Farms, Inc. (NasdaqGS:BOBE) said it was not currently looking at selling or spinning off BEF Foods, Inc. and was evaluating strategic options for all or a portion of its real-estate assets.

BEF Foods, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended January 23, 2015; Provides Sales Guidance for the Fiscal 2015

BEF Foods, Inc. reported unaudited earnings results for the third quarter and nine months ended January 23, 2015. For the quarter, the company reported operating income of $9,658,000 compared to $1,376,000 a year ago. Net sales were $106.8 million, an increase of $7.2 million, or 7.2%, compared to net sales of $99.6 million in the corresponding period last year. The increase resulted from $2.8 million of net sausage pricing and a 21.9% increase in side-dish volume, partially offset by lower sausage, food service, and frozen product volume. Overall, total pounds sold increased 5.5% compared to the prior year period. Non-GAAP operating income was $11.6 million, compared to non-GAAP operating income of $2.2 million in the corresponding period last year. The primary drivers of the $9.4 million increase were: $4.3 million of cost of goods sold favorability resulting from improved production yields, decreased sow and trim costs ($1.2 million), and the favorable impact of sales mix resulting from the growth in the company's higher-margin refrigerated side dish product line; $1.6 million of labor cost favorability due primarily to reduced headcount as a result of last year's plant network consolidation and improved plant efficiencies; a $1.0 million decline in other operating expenses due primarily to plant startup costs impacting the prior year period; and approximately $2.5 million of sales leverage. For the nine months period, the company reported operating income of $10,307,000 against $3,876,000 for the same period a year ago. Non-GAAP operating income from continuing operations was $14,417,000 against $9,574,000 for the same period a year ago. Net Sales were $285,105,000 against $276,624,000 for the same period a year ago. For the fiscal year 2015, the company expects net sales to be $370 million to 380 million.

Bob Foods Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended October 24, 2014; Provides Sales Guidance for Fiscal 2015

Bob Foods reported unaudited earnings results for the second quarter and six months ended October 24, 2014. For the quarter, the company reported net sales of $92,128,000 against $92,100,000 for the same period in the last year, as a 9.0% increase in side-dish volume was offset by lower sausage sales. Total non-GAAP operating income was $3,246,000 against $637,000 for the same period in the last year. The primary drivers of the $2.6 million increase were: $2.5 million of favorability resulting primarily from lower advertising expenses and reduced headcount; $1.9 million of cost of goods sold favorability resulting from the effect of a higher sales mix of non-sausage products net of increased sow and trim costs ($0.8 million) and increased freight-in costs to plants; $0.2 million of other operating expense favorability from reduced insurance costs and repair and maintenance expenses; partially offset by $1.1 million of incremental depreciation as a result of plant expansions in the prior year, and $0.8 million of increased labor costs also related to the plant expansions. Operating income was $2,300,000 against operating loss of $3,017,000 for the same period in the last year. For the six months, the company reported net sales of $178,317,000 against $176,998,000 for the same period in the last year. Total non-GAAP operating income was $2,826,000 against $7,342,000 for the same period in the last year. Non-GAAP net income from continuing operations was $2,826,000 against $7,342,000 for the same period in the last year. Operating income was $649,000 against $2,500,000 for the same period in the last year. The company expects net sales of $388 to $398 million for the fiscal 2015.

Similar Private Companies By Industry

Company Name Region
DNA Dreamfields Co. LLC United States
Bagel Factory, Inc. United States
Savor Street Foods, Inc. United States
Central Bi-Products, Inc. United States
Jordan's Plant Farm, Ltd. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BEF Foods, Inc., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.