During the first half of fiscal 2011, Bob Evans reduced its total debt by $17.9 million. Its board of directors has previously authorized share repurchases of up to $25 million for fiscal 2011, which ends April 29, 2011. The company repurchased 325,000 shares for a total of $8.9 million in the second quarter of fiscal 2011 and has repurchased 495,000 shares for a total of $13.3 million in the fiscal year to date.
Bob Evans Farms Inc. is a leading producer and distributor of pork sausage and a variety of complementary homestyle convenience food items under the Bob Evans and Owens brand names as well as a force in the foodservice industry.