Chefs' Warehouse

The Chefs' Warehouse, Inc. engages in the distribution of specialty food products. It focuses on serving the specific needs of chefs who own and operate some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores. The company's product portfolio includes artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate and pastry products. The firm operates through East Coast, Midwest, and West Coast segments. It also offers a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as broad line food products, such as cooking oils, butter, eggs, milk and flour. The company was founded by Christopher Pappas, John D. Pappas, and Dean Facatselis in 1985 and is headquartered in Ridgefield, CT.

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Chefs' Warehouse excels in Q4 2022, eyes growth opportunities

Chefs' Warehouse reported robust Q4 2022 results, driven by organic growth and strategic acquisitions in the Middle East region.
While challenges like managing deflation assumptions and operational metrics exist, the company is well-positioned for growth.
Opportunities lie in active M&A activities, synergies from recent acquisitions, and optimism for future business expansion.

Chefs' Warehouse excels in Q1 with strong growth and strategic acquisitions

Chefs' Warehouse delivered robust Q1 results driven by strong customer demand, acquisitions, and operational efficiency, positioning the company for continued growth.
Strategic acquisitions and cross-selling efforts are enhancing market share and driving synergies, while a focus on cost management and efficiency remains crucial amidst inflationary pressures.
The company's emphasis on talent, facility expansion, and customer relationships underscores a commitment to sustainable growth and market leadership in the specialty food industry.

Chefs' Warehouse reports robust Q2 performance amidst protein market challenges

Chefs' Warehouse (CHEF) delivered strong Q2 results, driven by organic growth and strategic acquisitions, despite challenges in the protein market and gross profit margins.
The company's focus on talent investment, capacity expansion, and operational resilience positions them well for future growth and achieving long-term financial targets.
Optimism for margin improvement, expansion in key regions, and a clear strategic vision for growth underscore Chefs' Warehouse's readiness to capitalize on opportunities and navigate challenges.

Chefs' Warehouse reports robust Q3 performance amidst growth strategies

Chefs' Warehouse showcased strong financial performance in Q3 2023, driven by sales growth and margin improvement.
The company is strategically focused on cost reduction, operational efficiency, and growth initiatives to navigate challenges.
With a positive outlook on growth and profitability, Chefs' Warehouse aims to capitalize on opportunities for future expansion.

Chefs' Warehouse excels in Q4 2023, eyes growth in Texas and Florida

Chefs' Warehouse delivered strong financial performance in Q4 2023, driven by organic growth, acquisitions' success, and operational efficiency.
The company's strategic focus on margin improvement, market expansion in Texas and Florida, and sales force growth positions it for sustainable growth.
While challenges like managing inflation and transition costs exist, Chefs' Warehouse is well-positioned to capitalize on opportunities in expanding markets and acquisitions.
Overall, Chefs' Warehouse's positive outlook, strong financial position, and strategic initiatives underscore its commitment to long-term growth and value creation.

Chefs' Warehouse excels in Q1 2024, eyes growth amid challenges

Chefs' Warehouse reported robust Q1 performance with revenue and profit growth, supported by operational enhancements. Despite challenges in input costs and inflation, the company remains optimistic about growth opportunities driven by seasonal events and menu innovation. Efficient CapEx management and strategic expansions position the company for continued success.

Chefs' Warehouse posts strong Q2 results amidst margin challenges

Chefs' Warehouse delivered robust financial results in Q2 2024, driven by organic sales growth and improved profit margins, reflecting operational excellence and strategic investments.
While facing challenges related to margin pressures and cost dynamics, the company's focus on customer diversity and growth initiatives positions it well for future opportunities.
With a clear roadmap towards revenue goals and a commitment to margin management, Chefs' Warehouse remains poised for sustainable growth and market leadership in the foodservice industry.

Chefs' Warehouse excels in Q3 with revenue growth and efficiency

Chefs' Warehouse delivered a strong performance in Q3 2024 with revenue growth, improved margins, and enhanced operational focus.
The company's strategic initiatives and financial discipline position it well for future growth and efficiency gains.
While challenges exist in a dynamic market environment, Chefs' Warehouse has opportunities to leverage its strengths for sustained success.
Investors can be optimistic about the company's performance and outlook based on the reported results and updated guidance.

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The Chefs' Warehouse, Inc. engages in the distribution of specialty food products. The company was founded by Christopher Pappas and John D. Pappas in 1985 and is headquartered in Ridgefield, CT.

Three New Independent Directors Join the Board with Five Incumbent Directors Who Have Served for Five Years or Longer Stepping off by the 2025 Annual Meeting

The Chefs' Warehouse, Inc. Reaches Cooperation Agreement with Legion Partners Asset Management

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The Chefs' Warehouse, Inc. (CHEF) Q4 2023 Earnings Call Transcript

Chefs' Warehouse (CHEF) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.48 per share a year ago.

Chefs' Warehouse (CHEF) Surpasses Q4 Earnings and Revenue Estimates

RIDGEFIELD, Conn., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs'”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its fourth quarter ended December 29, 2023. The fiscal quarter ended December 29, 2023 consisted of 13 weeks as compared to the fiscal quarter ended December 30, 2022, which consisted of 14 weeks.

The Chefs' Warehouse Reports Fourth Quarter 2023 Financial Results

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC, together with its affiliates (collectively, “we” or “Legion Partners”), is a significant shareholder of The Chefs' Warehouse, Inc. (“Chef”, or the “Company”) (NasdaqGS: CHEF). Today, Legion Partners issued a public letter to the Company's shareholders announcing its nomination of four candidates to the Board of Directors (the “Board”) in order to reverse the Company's chronic underperformance. The full text of the letter follo.

Legion Partners Issues Letter to The Chefs' Warehouse, Inc. Shareholders Calling for Urgently Needed Board Change

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The disruption caused by Houthi attacks on cargo ships in the Red Sea is forcing U.S. retailers to rethink how back-to-school and holiday shipments are handled, according to the National Retail Federation.

Red Sea disruption forces retailers to rethink back-to-school and holiday shipments

The disruption caused by the Houthi attacks on cargo ships in the Red Sea could result in incremental costs for food retailers, according to BMO Capital Markets.

Red Sea attacks add ‘element of uncertainty' for food retailers, says BMO

RIDGEFIELD, Conn., Jan. 02, 2024 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) (the “Company”), a premier distributor of specialty food products in the United States, Middle East, and Canada, today announced that the Company will present at the 2024 ICR Conference in Orlando, FL on Monday, January 8, 2024. The presentation will begin at 8:30 a.m. ET.

The Chefs' Warehouse, Inc. to Participate in the 2024 ICR Conference

Chefs' Warehouse is a wholesale food distributor operating mostly in the United States, building distribution networks in select areas. The company's strategy of constant acquisitions has not created shareholder value as it has resulted in significant dilution, a large debt balance, and ultimately a stagnant stock. The current stock price seems overvalued - I have a sell rating due to a poor risk-to-reward.

The Chefs' Warehouse: An Expensive Strategy

The Chefs' Warehouse, Inc. (NASDAQ:CHEF ) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET Company Participants Alex Aldous - General Counsel, Corporate Secretary and Chief Government Relations Officer Chris Pappas - Founder, Chairman and CEO Jim Leddy - CFO Conference Call Participants Alex Slagle - Jefferies Mark Cullen - UBS Peter Saleh - BTIG Todd Brooks - Benchmark Company Andrew Wolf - C.L. King Kelly Bania - BMO Capital Markets Ben Klieve - Lake Street Capital Operator Greeting, and welcome to The Chefs' Warehouse Third Quarter 2023 Earnings Conference Call.

The Chefs' Warehouse, Inc. (CHEF) Q3 2023 Earnings Call Transcript

Chefs' Warehouse delivered organic sales growth and is seeing a benefit from recent acquisitions. Management said momentum was building int the fourth quarter.

Why Chefs' Warehouse Stock Popped Today

Chefs' Warehouse (CHEF) came out with quarterly earnings of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.41 per share a year ago.

Chefs' Warehouse (CHEF) Q3 Earnings Match Estimates

RIDGEFIELD, Conn., Nov. 01, 2023 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs'”), a premier distributor of specialty food products in the United States, Middle East, and Canada, today reported financial results for its third quarter ended September 29, 2023.

The Chefs' Warehouse Reports Third Quarter 2023 Financial Results

Chef's Warehouse's (CHEF) third-quarter 2023 sales results are likely to reflect gains from the sturdy execution of its strategic and expansion initiatives.

Chef's Warehouse (CHEF) Q3 Earnings Coming Up: What to Expect

Chefs' Warehouse (CHEF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Chefs' Warehouse (CHEF) Q3 Earnings Expected to Decline

The Chefs' Warehouse Inc. NASDAQ: CHEF is a wholesale distributor of high-end specialty food products ranging from meats, seafood, dairy and fresh produce to cakes, truffles and caviar. They also offer kitchen supplies and equipment.

Chefs' Warehouse is Cooking Up a Bargain

Analysts at UBS believe Chef's Warehouse could fetch US$37 per share and have awarded it a ‘Buy' rating in their initial coverage of the stock. Shares of the restaurant supplier traded at US$23.64 at Monday's close.

Chef's Warehouse has 'room to run' as acquisitions drive scale up of new categories

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The Chefs' Warehouse, Inc. (NASDAQ:CHEF ) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants Alex Aldous - General Counsel, Corporate Secretary and Chief Government Relations Officer Chris Pappas - Founder, Chairman and CEO Jim Leddy - CFO Conference Call Participants Alex Slagle - Jefferies Andrew Wolf - CL King Peter Saleh - BTIG Kelly Bania - BMO Capital Markets Todd Brooks - The Benchmark Company Ben Klieve - LakeStreet Capital Markets Operator Good morning, ladies and gentlemen, and welcome to The Chefs' Warehouse Second Quarter 2023 Earnings Conference Call. As a reminder, this conference is being recorded.

The Chefs' Warehouse, Inc. (CHEF) Q2 2023 Earnings Call Transcript

Chefs' Warehouse (CHEF) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.51 per share a year ago.

Chefs' Warehouse (CHEF) Q2 Earnings Miss Estimates

RIDGEFIELD, Conn., Aug. 02, 2023 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs'”), a premier distributor of specialty food products in the United States, Middle East, and Canada, today reported financial results for its second quarter ended June 30, 2023.

The Chefs' Warehouse Reports Second Quarter 2023 Financial Results

Chefs' Warehouse (CHEF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Chefs' Warehouse (CHEF) Moves to Strong Buy: Rationale Behind the Upgrade

The Chefs' Warehouse, Inc. is a premium food distributor with a focus on high-quality, artisanal products and strong supplier relationships, catering to the growing consumer preference for unique and sustainable food options. The company has experienced impressive revenue growth, with a CAGR of 15%, and has opportunities for further growth through e-commerce, expansion of food categories, and M&A activities. Despite poor margins in the foodservice industry, Chefs' profitability is higher than its peers.

The Chefs' Warehouse: Differentiation Driving Value

The average of price targets set by Wall Street analysts indicates a potential upside of 53.9% in Chefs' Warehouse (CHEF). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

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