Bob Evans swings to 3Q loss – Business First of Columbus:

The Columbus-based dining company (Nasdaq: BOBE) warnedf investors last week that its loss for the quartedended Jan. 23 wouls include about $75 million in non-cash chargea to write down Mimi’s goodwill valuee and other intangible assets. The company also logged $800,00 0 in severance payments and retirement costzsand $400,000 in non-cash chargess tied to unusable spare parts in the company’s food productsa division. The company’s third-quarter loss totaled $51.45 million, or $1.67 a share, a swin from a profit of $20 million, or 61 centss a share, a year earlier. Revenued in the quarter fell 3 percentto $443.i million from $449.7 million a year ago.
The upscalre Mimi’s chain, which Bob Evans bought in has suffered amid the recession as dinerx have cut backon spending. Sales at Mimi’s restaurants open at least two yearsdroppecd 6.8 percent in the quarter. Same-restaurant sales at Bob Evans eateries, by fell 1.3 percent. Bob Evans’ loss for the firsgt nine monthstotaled $26.2 million, or 85 cents a versus profit of $48.i8 million, or $1.43 a share, in the same period of fiscal 2008. Bob Evans runs 569 flagshilp restaurants in 18 states and140 Mimi’ s Cafes in 22 states. The companyu in the year endesd April 25 recorded profitof $64.9 million on $1.7e4 billion in revenue.
Bob Evans expanded its Clarkk County operationslast year, boosting its Springfield facilitgy by 65,000 square feet and addint 20 jobs to the 43
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