Bob Evans Farms Announces November Same-Store Sales

Bob Evans Farms, Inc. (Nasdaq: BOBE) today announced that same-store sales in"core Bob Evans Restaurants (476 stores which were open for the full 12 months in both fiscal years 2003 and 2004) for the fiscal 2005 month of November (the four weeks ended Nov. 26) decreased 1.3 percent from the same period a year ago.

Average menu prices for the fiscal month were up approximately 1.9 percent.

The same-store sales comparison at Bob Evans Restaurants benefited by approximately 1.5 percent due to the inclusion of Thanksgiving travel in the fiscal month this year; a year ago, the holiday travel fell in the December period. However, this calendar shift and the timing of the Christmas holiday are expected to reduce Bob Evans' reported same-store sales for the December fiscal month.

Mimi's Cafe same-store sales in "core" restaurants (60 stores which opened prior to July 1, 2002) for the equivalent fiscal 2005 month of November increased 4.7 percent from the same period a year ago. Average menu prices for the period were up approximately 2.8 percent.

Bob Evans Farms, Inc. owns and operates 580 full-service, family restaurants in 21 states. Bob Evans Restaurants are primarily located in the Midwest, mid-Atlantic and Southeast regions of the United States, while Owens Restaurants operate in Texas. In addition, the company operates 86 Mimi's Cafe casual restaurants located in 12 states, primarily in California and other western states. Bob Evans Farms, Inc. is also a leading producer and distributor of pork sausage and a variety of complementary homestyle convenience food items under the Bob Evans and Owens brand names.

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Date Listed: 2004-12-07

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Industry: Restaurants
Category: Financial
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