UPDATE 1-Bob Evans Q4 profit trounces estimates

* Q4 EPS $0.69 vs est $0.38

* Total same-store sales fall 3.1 pct

* Sees fiscal 2010 capex of $60-65 mln

* Shares up 4 pct in trading after the bell

June 2 (Reuters) - Bob Evans Farms Inc (BOBE.O), which operates restaurant chains and makes meat products, posted a better-than-expected quarterly profit, helped by lower food and labor costs at its restaurants.

The restaurants segment saw lower costs due mainly to new labor management systems and effective supply chain management, Chief Executive Steve Davis said in a statement.

Bob Evans, which runs restaurants under its namesake and Mimi's Cafe brands, earned $21.1 million, or 69 cents a share, compared with $16.1 million, or 52 cents a share, a year earlier.

For the fourth quarter ended April 24, net sales fell 1.2 percent to $431 million.

Analysts were expecting earnings of 38 cents a share, before special items, on revenue of $430.8 million, according to Reuters Estimates.