Company Overview of BEF Foods, Inc.
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
Founded in 2011
Key Executives for BEF Foods, Inc.
Compensation as of Fiscal Year 2015.
BEF Foods, Inc. Key Developments
BEF Foods Reports Unaudited Earnings Results for the First Quarter Ended July 24, 2015; Provides Sales Guidance for the Fiscal 2016
Sep 1 15
BEF Foods reported unaudited earnings results for the first quarter ended July 24, 2015. The company’s net sales were $83.0 million, a decrease of $3.1 million, or 3.7%, compared to net sales of $86.2 million in the corresponding period last year. Overall, total pounds sold increased 0.4% compared to the prior year period. From a net sales perspective, a 17.2% increase in side-dish volume and a 14.8% increase in sausage volume were offset by a $5.6 million increase in trade spending (reduces net sales) to reflect current market conditions including sow costs, as well as a 42.6% decline in foodservice volume. The company’s GAAP operating income was $15.9 million, compared to GAAP operating income of $3.0 million in the year ago period. The company’s non-GAAP operating income was $15.9 million, compared to $3.7 million in the prior year, an improvement of $12.1 million. Approximately $1.0 million of deleverage from lower net sales driven by the increase in trade spending and a decline in foodservice volume previously discussed, was offset by a combination of $14.2 million in cost of goods sold favorability resulting from $9.9 million of lower sow costs, improved production yields, and an increased sales mix of retail items. The favorability was partially offset by a $0.3 million increase in labor and benefit cost rates; $0.4 million of higher operating expenses due to increased advertising expenditures; and a $0.3 million increase in S,G&A expenses due to increased performance-based compensation expense, partially offset by cost savings initiatives.
The company provided sales guidance for the fiscal 2016. For the period, the company expects net sales of $373 to $383 million.
BEF Foods Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended April 24, 2015; Provides Sales Guidance for the Fiscal 2016
Jun 16 15
BEF Foods reported unaudited earnings results for the fourth quarter and full year ended April 24, 2015. For the quarter, the company reported net sales of $94.206 million compared to $95.349 million for the same period a year ago. Operating income was $10.131 million compared to $2.116 million for the same period a year ago. Total non-GAAP operating income was $14.007 million compared to $3.336 million for the same period a year ago.
For the year, the company reported net sales of $379.313 million compared to $95.349 million for the same period a year ago. Operating income was $20.438 million compared to $5.991 million for the same period a year ago. Total non-GAAP operating income was $28.425 million compared to $12.909 million for the same period a year ago.
The company’s net sales in fiscal 2016 are expected to be in the $380 million to $400 million range.
Bob Evans Not Looking To Sell BEF Foods
Mar 4 15
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.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|