Bob Evans Farms, Inc. operates as a full-service restaurant company. The company operates Bob Evans Restaurants. The company’s food products are distributed primarily to warehouses that distribute to grocery stores throughout the United States. Additionally, the company manufactures and sells similar products to foodservice accounts, including Bob Evans Restaurants and other restaurants and food sellers. Restaurant Concept As of April 25, 2014, the company owned and operated all 561 Bob Evans Restaurants and licensed 2 Bob Evans Express locations. Through its restaurant concept, the company offers its customers a dining experience by serving breakfast, lunch and dinner items in family-friendly settings. Bob Evans Restaurants This segment’s breakfast entrees are served all day and feature traditional favorites, such as sausage, bacon and eggs, as well as specialty offerings like sweet and stacked hotcakes and omelets. The company also offers various lunch and dinner entrees, including a full line-up of Farm Fresh Salads and signature dinner items, such as country fried steak and slow-roasted turkey. As of April 25, 2014, Bob Evans Restaurants were located in 19 states, primarily in the Midwest, mid-Atlantic and Southeast. BEF Foods This segment offers various home-style food products to retail and foodservice customers. It sells its retail food products under the Bob Evans, Owens and Country Creek brand names. The company’s food products include approximately 155 varieties of branded fresh, smoked and fully cooked pork sausage, ham and hickory-smoked bacon products. It also offers approximately 140 complementary, convenience food items in the refrigerated and frozen areas of grocery stores, such as mashed potatoes, macaroni and cheese, and microwaveable sandwiches. During fiscal 2014, the company introduced approximately 10 new retail food products, including new varieties of Bob Evans side dishes, precooked sausage and fresh and frozen sandwiches. The company’s refrigerated mashed potatoes and macaroni and cheese side dishes continue to grow as a percentage of its food products volume. Distribution The company supplies its customers by shipping products directly to their warehouses for further distribution by the customers to their retail stores. It also distributes its products through food wholesalers and distributors who primarily service smaller, independent grocers. As of April 25, 2014, Bob Evans and Owens brand products were available for purchase in grocery stores in all 50 states and the District of Columbia. Its Owens brand products were available for purchase primarily in Oklahoma and Texas. Seasonality and Quarterly Results The company’s Bob Evans Restaurants and BEF Foods segments are subject to seasonal fluctuations. Many Bob Evans Restaurants are located near major interstate highways and generally experience increased revenue during the summer travel season. Holidays, severe weather conditions (such as snow storms, hurricanes, and thunderstorms), natural disasters (such as flooding, tornadoes, and earthquakes) and similar conditions can impact restaurant sales volumes in most of the markets in which it operates. The company’s BEF Foods reporting segment is seasonal to the extent that third and fourth quarter sales are typically higher due to increased sales of sausage and its home-style side dishes during the colder months from November through April and especially during the holiday season. Trademarks and Service Marks The company has registered trademarks and service marks, such as the mark Bob Evans for its restaurant business, and Bob Evans, Owens, Country Creek Farm and Kettle Creations for BEF Foods. Government Regulation As a manufacturer and distributor of food products, the company’s BEF Foods segment is subject to various food safety regulations, including regulations promulgated by the U.S. Department of Agriculture and the Food and Drug Administration. Through its sausage manufacturing operations, the company’s BEF Foods segment is subject to the requirements of the Packers & Stockyards Act. Dispositions In 2013, the company sold its Mimi’s Café restaurant chain to Le Duff America, Inc. (Le Duff). Le Duff is a U.S.-based subsidiary of Groupe Le Duff, a global bakery and restaurant company headquartered in France. History Bob Evans Farms, Inc. was founded in 1948.
bob evans farms (BOBE:NASDAQ GS)
8111 Smith's Mill Road
New Albany, OH 43054
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