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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 bar chart showing the progression of restaurant remodels from FY11 to FY14E.",
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      "text": "Bob Evans has targeted a 20%+ ROI on the capital expended on its Farm Fresh remodels and hopes to drive carryout and bakery sales to 25% of sales by Fiscal 2018, from 11% of sales in Fiscal 2013, for a $300 million market opportunity.",
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      "text": "The remodeled “Farm Fresh” restaurants feature a new “Taste the Farm” bakery section and a dedicated carryout area. The Company has spent approximately $225,000 per refreshed restaurant and expects to have 100% of its restaurants remodeled by the end of Fiscal 2014 (April 2014).",
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      "text": "In Fiscal 2013, remodeled Farm Fresh Refresh restaurants contributed approximately +3.7% in sales increase, compared to non-refreshed restaurants, which recorded a same-store sales increase of +0.1%, as compared to Fiscal 2012. Bob Evans has targeted a 20%+ ROI on the capital expended on its Farm Fresh remodels and hopes to drive carryout and bakery sales to 25% of sales by Fiscal 2018, from 11% of sales in Fiscal 2013, for a $300 million market opportunity.",
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