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Bob Evans reports higher income, lower net sales
date:Jun 07, 2012
mpetitive pressures to protect market share, contributed to the decline in net sales. Promotional discounts and other selling allowances affect the income statement as a reduction to the gross sales line.

The Foods segment's cost of sales was 57.5 percent of net sales in fiscal 2012, compared to 54.7 percent of net sales in fiscal 2011. The increase was due primarily to higher sow costs relative to the prior year. Sow costs averaged $61.58 per hundredweight in fiscal 2012, compared to $57.17 in

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