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.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing The Chef's Warehouse (CHEF) Right Now?

The consensus price target hints at a 42.1% upside potential for Chefs' Warehouse (CHEF). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Chefs' Warehouse (CHEF) Could Surge 42.06%: Read This Before Placing a Bet

The Chefs' Warehouse, Inc. (NASDAQ:CHEF ) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants Alex Aldous - General Counsel, Corporate Secretary & Chief Government Relations Officer Chris Pappas - Founder, Chairman & Chief Executive Officer Jim Leddy - Chief Financial Officer Conference Call Participants Alex Slagle - Jefferies Peter Saleh - BTIG Kelly Bania - BMO Capital Markets Andrew Wolf - C.L. King Todd Brooks - Benchmark Company Ben Klieve - Lake Street Operator Good day, and welcome to The Chefs' Warehouse First Quarter 2023 Earnings Conference Call.

The Chefs' Warehouse, Inc. (CHEF) Q1 2023 Earnings Call Transcript

Chefs' Warehouse (CHEF) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.10 per share a year ago.

Chefs' Warehouse (CHEF) Q1 Earnings and Revenues Surpass Estimates

RIDGEFIELD, Conn., May 03, 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 first quarter ended March 31, 2023.

The Chefs' Warehouse Reports First Quarter 2023 Financial Results

RIDGEFIELD, Conn., May 01, 2023 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ:CHEF) continues to focus on being the premier distributor of the world's finest food ingredients to the world's finest Chefs with the latest acquisitions of Hardie's Fresh Foods and Greenleaf Produce & Specialty Foods.

The Chefs' Warehouse announces Category and Regional Expansion with the acquisition of Hardie's Fresh Foods and Greenleaf Produce & Specialty Foods

RIDGEFIELD, Conn., April 19, 2023 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) today announced that the Company intends to release its financial results for the first quarter ended March 31, 2023 before the opening of the stock market on Wednesday, May 3, 2023 and host a conference call at 8:30 a.m. ET on Wednesday, May 3, 2023 to review those results.

The Chefs' Warehouse to Announce First Quarter 2023 Results on May 3, 2023

RIDGEFIELD, Conn., April 17, 2023 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ:CHEF), a premier distributor of specialty food products, is proud to announce that it has been certified as a Great Place to Work® for the second year in a row.

The Chefs' Warehouse Certified as Great Place To Work® for Second Year In A Row

The Chefs' Warehouse specializes in exotic or unusual foods. Considering the diversification of the business model, the revenue line will most likely be less volatile than that of other competitors.

With Risks, The Chefs' Warehouse Could Be Worth Much More

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The Chefs' Warehouse, Inc. (NASDAQ:CHEF ) Q4 2022 Earnings Conference Call February 15, 2023 8:30 AM ET Company Participants Alex Aldous - General Counsel, Corporate Secretary & Chief Government Relations Officer Chris Pappas - Founder, Chairman & Chief Executive Officer Jim Leddy - Chief Financial Officer Conference Call Participants Kelly Bania - BMO Capital Alex Slagle - Jefferies Peter Saleh - BTIG Andrew Wolf - C.L. King Todd Brooks - Benchmark Company Operator Greetings and welcome to The Chefs' Warehouse Fourth Quarter 2022 Earnings Conference Call.

The Chefs' Warehouse, Inc. (CHEF) Q4 2022 Earnings Call Transcript

RIDGEFIELD, Conn., Feb. 15, 2023 (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 30, 2022. The fiscal quarter ended December 30, 2022 consisted of 14 weeks as compared to the fiscal quarter ended December 24, 2021, which consisted of 13 weeks.

The Chefs' Warehouse Reports Fourth Quarter 2022 Financial Results

RIDGEFIELD, Conn., Jan. 25, 2023 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) today announced that the Company intends to release its financial results for the fourth quarter and fiscal year ended December 30, 2022 before the opening of the stock market on Wednesday, February 15, 2023 and host a conference call at 8:30 a.m. ET on Wednesday, February 15, 2023 to review those results.

The Chefs' Warehouse to Announce Fourth Quarter and Fiscal Year 2022 Results on February 15, 2023

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RIDGEFIELD, Conn., Jan. 03, 2023 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ:CHEF) (the “Company”), a premier distributor of specialty food products in North America and the Middle East, today announced that the Company will present at the 25th Annual ICR Conference in Orlando, FL on Monday, January 9, 2023. The presentation will begin at 3:30 p.m. ET.

The Chefs' Warehouse, Inc. to Participate in the 25th Annual ICR Conference

The Chefs' Warehouse continues to generate strong sales, profit, and earnings growth thanks to organic demand and acquisitions. This trend is likely to continue, making the business a compelling prospect.

The Chefs' Warehouse: A Great Prospect With Growth Set To Drive Value

Should Value Investors Buy The Chef's Warehouse (CHEF) Stock?

Chefs' Warehouse (CHEF) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Chefs' Warehouse (CHEF) is a Solid Choice

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As brokers have a deeper insight into stocks, one must follow rating upgrades for solid returns. We pick Chefs' Warehouse (CHEF), Synopsys (SNPS), Enphase Energy (ENPH), ONEOK (OKE) and Fabrinet (FN) as these witness rating upgrades.

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Earnings might be pressured by new debt in 2023.

Why Chef's Warehouse Stock Was Down 12% This Week

RIDGEFIELD, Conn., Dec. 09, 2022 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) (the “Company”) today announced the pricing of $250 million aggregate principal amount of 2.375% Convertible Senior Notes due 2028 (the “Convertible Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $37.5 million aggregate principal amount of Convertible Notes. The sale of Convertible Notes to the initial purchasers is expected to settle on December 13, 2022, subject to customary closing conditions, and is expected to result in approximately $243.2 million (or approximately $279.7 million if the initial purchasers exercise their option to purchase additional Convertible Notes in full) in net proceeds to the Company after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by the Company.

The Chefs' Warehouse Announces Pricing of $250 Million of 2.375% Convertible Senior Notes due 2028

Why Chefs' Warehouse Stock Was Down on Thursday

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RIDGEFIELD, Conn., Dec. 07, 2022 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) (the “Company”) today announced that it intends to offer, subject to market conditions and other factors, $250 million aggregate principal amount of its convertible senior notes due 2028 (the “Convertible Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the Convertible Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $37.5 million aggregate principal amount of Convertible Notes. The Convertible Notes are expected to pay interest semiannually. During certain periods or if certain conditions are satisfied, the Convertible Notes will be convertible at the option of holders of the Convertible Notes into shares of the Company's common stock, cash or a combination of cash and the Company's common stock, at the Company's election. The Convertible Notes will mature on December 15, 2028, unless earlier converted, redeemed or repurchased in accordance with their terms. Final terms of the Convertible Notes, including the interest rate, initial conversion rate, and redemption and other terms, will be determined by negotiations between the Company and the initial purchasers of the Convertible Notes.

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