Welcome to our dedicated page for Chefs' Warehouse news (Ticker: CHEF), a resource for investors and traders seeking the latest updates and insights on Chefs' Warehouse stock.
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) is a specialty food distributor serving professional chefs and culinary operators in the United States, the Middle East and Canada. This news page aggregates company-issued updates and market announcements so readers can follow how CHEF communicates its performance and outlook over time.
According to its own descriptions, The Chefs’ Warehouse is a premier distributor of specialty food products focused on menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. News about CHEF often highlights how its distribution activities support these food-away-from-home customers across its geographic footprint.
Typical news items for The Chefs’ Warehouse include quarterly and annual financial results, preliminary fiscal guidance, and explanations of non-GAAP measures such as EBITDA and adjusted EBITDA that management uses alongside GAAP metrics. The company also issues press releases about participation in investor conferences and fireside chats, where executives discuss business trends, demand patterns and financial guidance with the investment community.
Investors and analysts following CHEF can use this news feed to review updates on net sales trends, gross profit performance and adjusted EBITDA guidance as disclosed in the company’s own releases, as well as announcements about upcoming earnings calls and conference webcasts. Bookmark this page to access a consolidated view of The Chefs’ Warehouse’s public news flow, including earnings releases, guidance updates and conference participation notices related to CHEF stock.
The Chefs’ Warehouse (NASDAQ: CHEF) reported a 51.3% decrease in net sales for Q2 2020, totaling $200.5 million, down from $411.4 million in Q2 2019. The net loss was $20.3 million or $(0.57) per share, compared to a net income of $7.7 million or $0.26 per share in the prior year. Adjusted EBITDA was $(13.7) million. As of July 24, 2020, the company had $241.8 million in available liquidity. Due to ongoing uncertainty from COVID-19, no guidance for 2020 was provided.
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) will release its second quarter financial results for the period ended June 26, 2020, on July 29, 2020, prior to market opening. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss these results. Interested parties can access the call through the Company’s investor relations website, where a recording will be available for 30 days post-event. The Chefs’ Warehouse is a leading distributor of specialty food products serving a diverse range of culinary establishments across North America.
On June 10, 2020, The Chefs’ Warehouse announced its participation in the virtual Jefferies Consumer Conference, scheduled for June 24, 2020, at 1:30 p.m. ET. The company is a leading distributor of specialty food products in the U.S. and Canada, catering to chefs in various sectors, including independent restaurants and hotels. With a portfolio of over 55,000 products, The Chefs’ Warehouse serves more than 34,000 customers. Investors can access the presentation via the company’s investor relations website.
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) announced a $75 million common stock purchase agreement with Jefferies LLC, which includes an over-allotment option of $11.25 million. The offering aims to enhance liquidity and will fund general corporate purposes like working capital, debt repayment, and investments in sales operations. The shares are offered under a shelf registration statement effective April 10, 2020. This press release clarifies that it is not an offer to sell or buy any shares and provides details on obtaining related documents from the SEC.
RIDGEFIELD, Conn., May 08, 2020 – The Chefs' Warehouse, a key specialty food distributor in the U.S., will present at the virtual BMO Global Farm to Market Conference on May 13, 2020, at 4:00 p.m. ET. Investors can access the presentation via the Company's investor relations website. With a portfolio of over 55,000 products, The Chefs' Warehouse caters to more than 34,000 customers, including restaurants, hotels, and culinary schools across the U.S. and Canada.
The Chefs’ Warehouse reported a 5.2% increase in net sales to $375.4 million in Q1 2020, up from $357.0 million in Q1 2019. However, the GAAP net loss was $14.1 million (or $(0.48) per diluted share), a decline from a net income of $1.1 million (or $0.04 per diluted share) in the prior year. Adjusted EBITDA was $(13.8) million, marking a significant decrease. The company suspended its 2020 guidance amid uncertainty from the COVID-19 pandemic.