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DAILY EARNINGS

Bob Evans, Turning Point Brands Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 1:30 PM ET June 15 2016

12:00 PM New York Bob Evans fourth-quarter net slumped 89% to $0.6 million and revenues fell 4% to $226.5 million. Turning Point Brands first-quarter net tumbled 35% to $2.2 million.

Tollbooth Index gained 19.72 or 0.2% to 10,564.86.

Earnings Review

Bob Evans Farms Inc (BOBE), the full-service restaurant operator said net sales in the fourth-quarter ending on April 29 dropped 4% from a year ago to $226.5 million.

Same-store sales in the quarter declined 3%.

Net income in the quarter slumped 89.3% to $0.6 million or 3 cents per diluted share compared to $5.6 million or 31 cents per share from the same quarter last year.

The company forecasted net sales in the fiscal year 2017 between $1.28 billion and $1.33 billion and BEF Foods net sales in the range of $400 million to $420 million while diluted earnings per share in the range of $1.95 to $2.12.

Turning Point Brands Inc, the privately held smokeless tobacco products maker said net sales in the first-quarter ending in March dropped 2.3% from a year ago to $49.9 million.

Net income in the quarter tumbled 35.3% to $2.2 million or 27 cents per diluted share compared to $3.4 million or 41 cents per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc