Chefs' Warehouse Q4 results top expectations [Seeking Alpha]
The Chefs' Warehouse, Inc. (CHEF)
Last the chefs' warehouse, inc. earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations:
investors.chefswarehouse.com/investor-relations
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Source: Seeking Alpha
“Business activity coming out of September strengthened into the fourth quarter as seasonal customer demand and volume trends progressed through November and December to close out 2023. Price inflation continued to moderate, and our Chefs' Warehouse Teams across our North American and International markets delivered strong organic growth and margin improvement,” CEO Christopher Pappas said. Although the quarter was a week shorter than the same quarter last year, the company made up the difference with sales from acquisitions, which added 18% to sales growth for the quarter. Adjusted net profit increased by a penny to $0.47 per share on total sales of $950.5M, an increase of 20.1% from the same quarter last year. This beat the consensus estimates by $0.05 and $41.35M, respectively. A 38 basis point increase raised the company's gross margin to 24.1%. Adjusted EBITDA increased to $59.0M versus $50.1M in Q4 2022. Operating income rose to $38.2M from $29.8M as higher SG&A expenses
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CHEF
News
- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $50.00 price target on the stock.MarketBeat
- Why Chefs' Warehouse Stock Dropped on Wednesday [Yahoo! Finance]Yahoo! Finance
- The Chefs' Warehouse Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
CHEF
Earnings
- 5/1/24 - Beat
CHEF
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 3/27/24 - Form ARS
- CHEF's page on the SEC website