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.

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.

Analysts Estimate Chefs' Warehouse (CHEF) to Report a Decline in Earnings: What to Look Out for

RIDGEFIELD, Conn., July  13, 2020  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) today announced that the Company intends to release its financial results for the second quarter ended June 26, 2020 before the opening of the stock market on Wednesday, July 29, 2020 and host a conference call at 8:30 a.m. ET on Wednesday, July 29, 2020 to review those results.

The Chefs’ Warehouse to Announce Second Quarter 2020 Results on July 29, 2020

Investors need to pay close attention to Chefs' Warehouse (CHEF) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in Chefs' Warehouse (CHEF) Stock

RIDGEFIELD, Conn., June  10, 2020  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF), a premier distributor of specialty food products in the United States, today announced that the Company will present at the virtual Jefferies Consumer Conference on Wednesday, June 24, 2020. The presentation will begin at 1:30 p.m. ET.

The Chefs’ Warehouse, Inc. to Participate at the Jefferies Consumer Conference

Traders are looking for more upside for a stock that's already quadrupled since March.

Why The Chefs' Warehouse Stock Was Going Up on Wednesday

RIDGEFIELD, Conn., May  14, 2020  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”), a premier distributor of specialty food products in the United States and Canada, announced today the closing of its previously announced underwritten public offering of 5,769,231 shares of its common stock (the “Offering”). Jefferies LLC (“Jefferies”) and BMO Capital Markets Corp. acted as the underwriters for the Offering (collectively, the “Underwriters”), pursuant to an underwriting agreement entered into between the Company and Jefferies, as representative of the underwriters named therein, dated May 11, 2020. The Company sold a total of 5,769,231 shares, at a price of $13.00 per share to the Underwriters, to be reoffered by the Underwriters at variable prices. In addition, the Company has granted the Underwriters an option, exercisable for up to 30 days, to purchase up to 865,384 additional shares of common stock. The Offering was completed on May 14, 2020, and total proceeds from the Offering received by the Company are approximately $75 million, before deducting offering expenses payable by the Company.

The Chefs’ Warehouse Inc. Announces Closing of Public Offering of Common Stock

Newly offered shares dilute shareholder value, but provide liquidity through the end of 2021.

Why The Chefs' Warehouse Stock Was Falling on Tuesday

RIDGEFIELD, Conn., May  11, 2020  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”), a premier distributor of specialty food products in the United States and Canada, today announced that Jefferies LLC (“Jefferies”) has agreed to purchase $75,000,000 of the Company’s common stock (the “Shares”), to be reoffered by Jefferies at variable prices. In addition, the Company has granted Jefferies an option, exercisable for up to 30 days, to purchase up to an aggregate of an additional $11,250,000 of shares of common stock.

The Chefs’ Warehouse Inc. Announces Proposed Public Offering of Common Stock

The Chefs' Warehouse, Inc. (CHEF) CEO Chris Pappas on Q1 2020 Results - Earnings Call Transcript

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 Chefs' Warehouse (CHEF) Right Now?

The World’s Greatest Ingredients Delivered to Homes Across America The World’s Greatest Ingredients Delivered to Homes Across America

The Chefs’ Warehouse Offers Food for Sale to the Public “Createating” Contributions to Front-line Industry Employees Most Dramatically Impacted by the COVID-19 Pandemic

RIDGEFIELD, Conn., March  23, 2020  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) (the “Company”), a premier distributor of specialty food products in North America, today announced that it has adopted a 364-day duration stockholder rights agreement (the “Rights Agreement”), effective March 22, 2020.

THE CHEFS’ WAREHOUSE ADOPTS LIMITED DURATION STOCKHOLDER RIGHTS AGREEMENT

RIDGEFIELD, Conn., March  18, 2020  (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ:CHEF), a premier distributor of specialty food products in North America, today announced that on March 18, 2020, the Company borrowed $100 million under its $150 million Asset-Based Loan Facility, maturing in March of 2022.  Inclusive of this borrowing, the Company has approximately $175 million in cash on its balance sheet at this time. The Company took this step to maintain appropriate liquidity during this period of extreme uncertainty.

The Chefs’ Warehouse Provides Update on Liquidity

RIDGEFIELD, Conn., March  18, 2020  (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ:CHEF), a premier distributor of specialty food products in North America, today announced that due to the current unprecedented market conditions related to the coronavirus (COVID-19), the Company is withdrawing financial guidance for the fiscal year ending December 25, 2020. The Company will provide an update on the business on its First Quarter earnings call.

The Chefs’ Warehouse Withdraws Fiscal Year 2020 Guidance

The Chefs' Warehouse, Inc. (CHEF) CEO Chris Pappas on Q4 2019 Results - Earnings Call Transcript

Chefs' Warehouse (CHEF) delivered earnings and revenue surprises of 0.00% and -0.55%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Chefs' Warehouse (CHEF) Meets Q4 Earnings Estimates

Acquisition Accelerates Specialty Protein Expansion in Northeast Acquisition Accelerates Specialty Protein Expansion in Northeast

The Chefs’ Warehouse Acquires Cambridge Packing Company

Acquisition Accelerates Expansion in Northeast Acquisition Accelerates Expansion in Northeast

The Chefs’ Warehouse Acquires Sid Wainer & Son

RIDGEFIELD, Conn., Jan.  14, 2020  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”), a premier distributor of specialty food products in the United States and Canada, today announced its preliminary outlook for full year 2020.

The Chefs’ Warehouse, Inc. Announces Preliminary Full Year 2020 Guidance

RIDGEFIELD, Conn., Nov.  22, 2019  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”) today announced the closing of its previously announced offering of its 1.875% convertible senior notes due 2024 (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 sold $150 million aggregate principal amount of Convertible Notes to the initial purchasers, including $20 million aggregate principal amount of Convertible Notes pursuant to the initial purchasers’ exercise in full of their option to purchase additional Convertible Notes.

The Chefs’ Warehouse Announces Closing of 1.875% Convertible Senior Notes Offering

RIDGEFIELD, Conn., Nov.  19, 2019  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”) today announced the pricing of $130 million aggregate principal amount of its convertible senior notes due 2024 (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 a 30-day option to purchase up to an additional $20 million aggregate principal amount of Convertible Notes. The sale of Convertible Notes to the initial purchasers is expected to settle on November 22, 2019, subject to customary closing conditions, and is expected to result in approximately $125.6 million (or approximately $145.0 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 $130 Million of 1.875% Convertible Senior Notes Due 2024

RIDGEFIELD, Conn., Nov.  18, 2019  (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”) today announced that it intends to offer, subject to market conditions and other factors, $130 million aggregate principal amount of its convertible senior notes due 2024 (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 a 30-day option to purchase up to an additional $20 million aggregate principal amount of Convertible Notes.  The Convertible Notes are expected to pay interest semiannually and will be convertible at the option of holders of the Convertible Notes into shares of the Company’s common stock. The Convertible Notes will mature on December 1, 2024, unless earlier converted or repurchased in accordance with their terms. Final terms of the Convertible Notes, including the interest rate, initial conversion rate, and other terms, will be determined by negotiations between the Company and the initial purchasers of the Convertible Notes.

The Chefs’ Warehouse Announces Offering of $130 Million of Convertible Senior Notes Due 2024

The Chefs' Warehouse, Inc. (CHEF) CEO Chris Pappas on Q3 2019 Results - Earnings Call Transcript

Chefs' Warehouse (CHEF) delivered earnings and revenue surprises of -4.17% and -0.28%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Chefs' Warehouse (CHEF) Misses Q3 Earnings and Revenue Estimates

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