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Stock impact report

Bob Evans rumored to be up for sale [Yahoo! Finance]

Post Holdings, Inc. (POST) 
Last post holdings, inc. earnings: 2/6 05:00 pm Check Earnings Report
US:NYSE Investor Relations: postholdings.com/investor-relations
Company Research Source: Yahoo! Finance
Private equity firm Golden Gate Capital originally bought the casual chain in 2017 for $565 million from Bob Evans Farms. Bob Evans, which operates roughly 450 restaurants in 18 states , was reportedly up for sale in 2022 at a valuation of about $600 million , according to Bloomberg. That sale never went through, possibly due to a cooling of investor appetites in 2022, when very little deal-making occurred The chain raked in about $801 million in U.S. systemwide sales in 2022, up 7.3% year over year, according to Nation's Restaurant News. Average unit volumes were about $1.8 million in 2022 , an 8% jump compared to 2019, according to Restaurant Business. 2024 could be an active year for M&A, with economic conditions improving as inflation eases. One Group Hospitality is acquiring Benihana's parent company for $365 million while Restaurant Brands International bought its largest franchisee, Carrols Restaurant Group, for $1 billion Tropical Smoothie Cafe and Chuck E. Cheese are a Show less Read more
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