Total net sales for the quarter were $403.4 million, up 2% from the same period last year. Net income was $13.1 million, up significantly from $7.2 million a year ago. But same-store sales for the quarter were down 3.9% from last year, leading to cautious growth.
"We're not comfortable growing [the Bob Evans] model unit until we see better same-store sales and unit economics," said Steven A. Davis, CEO.
For the full fiscal year, the company expects to open approximately 10 new Bob Evans restaurants. During the first quarter, the company opened four new Bob Evans Restaurants and closed one. Three more Bob Evans Restaurants were closed in the current quarter. Last year, the chain opened 20 new units and closed 24.
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