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  "documentTitle": "Bob Evans Farms, Inc. (BOBE)",
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  "authorName": "Sandell Asset Management",
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  "presentationDate": "2013-09-01 00:00:00",
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  "notes": "Includes a 'No Mitigation' data point for FY12 to contrast with adjusted performance.",
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      "text": "As a result of its efforts, BEF Foods is nearly 90% vertically integrated and recent restructuring initiatives have contributed to an increase in operating income for this segment from $16.0 million in Fiscal 2009 to $30.8 million in Fiscal 2013.",
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      "text": "Adjusted Operating Income ($ millions)",
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      "text": "*FY 2009, FY 2012, and FY 2013 adjusted operating income are non-GAAP measures and include adjustments of $0.4 million, ($0.8) million and $168.3 million, respectively.",
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      "text": "Launched lean mfg. program; Transitioned from DSD to warehouse; Expanded side dish products; Optimized sausage plant network",
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      "text": "As a result of its efforts, BEF Foods is nearly 90% vertically integrated and recent restructuring initiatives have contributed to an increase in operating income for this segment from $16.0 million in Fiscal 2009 to $30.8 million in Fiscal 2013.",
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      "text": "The Company aims to grow BEF Foods through new product introductions and hopes to reach 40,000 grocery stores in 2015 from 30,000+ currently. In addition, in order to achieve further margin improvement the Company is closing two food production plants.",
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