Bob Evans Farms, Inc. announced its financial results for the fiscal 2016 third quarter ended January 22. On a GAAP basis, the company reported net income of $12.9 million, compared with net income of $5.
Bob Evans Farms, Inc. announced it entered into purchase and sale agreements with National Retail Properties and Mesirow Realty Sale-Leaseback, Inc. The terms of the sale-leaseback agreements included the sale of 119 Bob Evans Restaurant properties to National Retail Properties for $163.
Bob Evans Farms, Inc. announced it closed on a $30 million mortgage of its corporate support center in New Albany, Ohio. The mortgage has a 10-year term with a variable interest rate, initially set at 5.
Bob Evans Farms, Inc. announced it signed a letter of intent to sell 145 restaurant properties to Mesirow Realty Sale-Leaseback, Inc., an affiliate of Mesirow Financial Holdings, Inc., for $200 million.
Bob Evans Farms, Inc. named Saed Mohseni president and chief executive officer, effective January 1. The Bob Evans Board has also agreed to appoint Mohseni to the board of directors, effective the same date.
Bob Evans Farms, Inc. announced that the board of directors has named Douglas N. Benham, former president and chief executive officer of Arby’s Restaurant Group, Inc., and a director of Bob Evans since August 2014, to the new position of executive chair.