Bob Evans Farms Cuts FY14 Outlook - Quick Facts

(RTTNews) - Bob Evans Farms Inc. (BOBE) Tuesday lowered its full year 2014 earnings outlook, citing severe winter and higher sow costs.

The company now sees fiscal year 2014 adjusted earnings $2.20 to $2.30 per share. Analysts polled by Thomson Reuters currently estimate earnings of $2.57 per share for the year. Earlier, the company expected earnings of $2.60 to $2.65 per share.

Chief Executive Steve Davis said, "The unusually severe winter weather, particularly in the northern Midwest, the region with the heaviest concentration of Bob Evans Restaurants, has had a significant negative impact on Bob Evans Restaurants' performance throughout the third quarter to date."