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By Market News Video Staff, Wednesday, November 17, 9:26 AM ET
Bob Evans Farms (NASDAQ:BOBE), operator of Bob Evans Restaurants and Mimi’s Cafe, posted second-quarter earning after the bell yesterday of $7.8 million, or $0.26 per share, compared to $15.5 million, or $0.50 per share, in the same quarter last year. Sales fell 1.8% compared to the same quarter last year, to $417 million. However, with the depressed earnings, the company hiked its operating income guidance for the full 2011 fiscal year, to $108-$112 million.
On the ETF front, Bob Evans is a 2.67% holding of the Dynamic Leisure and Entertainment Portfolio (AMEX:PEJ). Other top stocks in the fund include Carnival (NYSE:CCL) at 5.68% of the portfolio, followed by Wynn Resorts (NASDAQ:WYNN) at 5.6% and Starbucks (NASDAQ:SBUX) at 5.48%. For a full list of holdings, please visit the PEJ Holdings page.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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