Tuesday, November 20, 2012

Bob Evans closes year with sales gain despite Mimi's troubles - Business First of Columbus:

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The Columbus-based company said sales at restaurants open at leastt two fiscal years wereup 0.7 percent for the fiscakl year ended April 25. Same-restaurant sales at Bob Evans' flagshi p restaurants for the fiscal year wereup 1.8 percen while its upscale chain saw a 2.4 perceng decline in same-restaurant sale after posting 12 consecutive months of falling Same-store sales fell 0.3 percenrt in April, compared with the same perio d of 2007. A 1.
7 percentf increase in same-restaurant sales at Bob Evans' flagshipp restaurants for themonth wasn't enough to offsegt a 6 percent decline at Mimi's Bob Evans owns and operates 571 flagship restaurants and 132 Mimi's CEO Steven Davis said in a release that the company has introduced a lunch valure menu at its Mimi's chain that it plans to roll out for dinneer on an upcoming seasonal menu to combaf "challenging economic conditions that are pressuring sales throughout the casuak dining segment." Same-restaurant sales at Mimi' s had increased 1.6 percent in both fiscal 2006 and 2007.
The company plans to release its fourth-quarted and fiscal-year earnings after the marketw closeJune 3. Bob Evans posted a profit of $54.8 million on $1.58 billio n in sales in its fiscal year ende lastApril 28.

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