Welcome to our dedicated page for The Chef's Warehouse news (Ticker: CHEF), a resource for investors and traders seeking the latest updates and insights on The Chef's Warehouse stock.
The Chefs’ Warehouse, Inc. distributes specialty food products in the United States, the Middle East and Canada, serving chefs and foodservice customers such as independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, cruise lines, casinos and specialty food stores.
Recurring company news covers quarterly results, sales volume, gross margin, adjusted EBITDA, organic growth, acquisitions, fiscal guidance and management presentations at consumer, retail and food-industry investor conferences. Updates also discuss the company’s specialty and center-of-the-plate categories, including imported and local products such as cheese, oils, chocolates, baking products, meats and other food items.
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) reported a substantial 90.7% increase in net sales for Q3 2021, totaling $484.3 million compared to $254.0 million in Q3 2020. The company achieved a net income of $3.5 million, up from a net loss of $11.4 million the previous year. Adjusted EPS rose to $0.12, while adjusted EBITDA climbed to $23.4 million. Despite strong sales growth, the company refrained from providing full-year guidance due to economic uncertainties. Operating income improved to 2.2% of net sales.
The Chefs' Warehouse (NASDAQ:CHEF) announced the acquisition of certain assets from Martin Preferred Foods, based in Houston, Texas, to enhance its specialty protein distribution in the region. This strategic move aims to strengthen its presence in the Texas market and expand the Allen Brothers brand offerings. The CEO of Martin Preferred Foods expressed excitement over refocusing on manufacturing value-added proteins post-sale. This acquisition aligns with The Chefs' Warehouse's goal of servicing more chefs with high-quality products.
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) plans to announce its financial results for the third quarter ending September 24, 2021, before the market opens on October 27, 2021. A conference call will follow at 8:30 a.m. ET, allowing investors to review the outcomes. This call will be accessible live via the Company’s investor relations website, with an online archive available for 30 days post-event.
The Chefs' Warehouse (NASDAQ:CHEF) has acquired Silver State Meats, enhancing its specialty protein presence in Las Vegas. Founded in 2012, Silver State Meats specializes in high-quality beef, chicken, and pork. This acquisition is projected to generate approximately $20 million in annual net sales. CEO Christopher Pappas emphasized the alignment of values between both companies, aiming to serve top chefs in the Las Vegas area. This strategic move is part of The Chefs' Warehouse’s plan to expand its market influence in the specialty food sector.
The Chefs’ Warehouse, a leading distributor of specialty food products, will participate virtually in Lake Street’s 5th Annual Best Ideas Growth (BIG5) Conference on September 15, 2021. Management will be available for one-on-one meetings throughout the day. Interested parties can contact their sales representatives for meeting arrangements or invitations. The Chefs’ Warehouse serves over 34,000 customer locations across the U.S. and Canada, offering more than 50,000 products tailored for chefs and culinary professionals.
The Chefs’ Warehouse, a leader in specialty food distribution, announces its participation in the CL King's 19th Annual Best Ideas Conference on September 14, 2021, at 11:00 a.m. ET. This virtual presentation offers investors a chance to gain insights into the company's operations and strategies.
Listeners can access the webcast through the company's investor relations website. With over 50,000 products distributed across more than 34,000 customer locations, The Chefs’ Warehouse serves key sectors, including restaurants, hotels, and culinary schools throughout the U.S. and Canada.
The Chefs’ Warehouse reported a significant financial turnaround in its second quarter of 2021. Net sales surged 111.0% to $423.0 million from $200.5 million in Q2 2020. GAAP net income reached $1.1 million, or $0.03 per diluted share, a stark recovery from a net loss of $20.3 million in the same period last year. Adjusted EBITDA also improved to $17.2 million, compared to a negative $13.7 million in Q2 2020. Despite positive trends, the company refrained from providing full-year guidance due to ongoing economic uncertainties.
Chefs' Warehouse, Inc. (NASDAQ: CHEF) will announce its financial results for the second quarter ending June 25, 2021, before the stock market opens on July 28, 2021. The company will host a conference call at 8:30 a.m. ET on the same day to discuss these results. Interested parties can listen to the call via webcast on the company's investor relations website, with an archive available for 30 days. Chefs' Warehouse is a leading distributor of specialty food products in the U.S. and Canada, serving over 34,000 customers with more than 50,000 products.
The Chefs’ Warehouse (NASDAQ: CHEF) has announced the acquisition of substantially all assets of Nicola Imports, a key supplier of specialty food products in Arizona and Colorado. This strategic move enhances Chefs’ Warehouse's commitment to the Arizona market and marks its entry into Denver, aligning with long-term growth objectives. The acquisition aims to integrate complementary operations and expand market reach, serving more than 34,000 customer locations with over 55,000 products.
On June 15, 2021, The Chefs’ Warehouse announced its virtual presentation at the Jefferies Consumer Conference on June 22, starting at 9:10 a.m. ET. Investors can access the webcast via the company's investor relations website. The Chefs’ Warehouse is a leading distributor of specialty food products in the U.S. and Canada, catering to a diverse clientele including independent restaurants, hotels, and culinary schools. The company distributes over 50,000 products to more than 34,000 customer locations.