The Chefs Warehouse, Inc (NASDAQ:CHEF) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
The Chefs Warehouse, Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 7.69% to $0.24 in the quarter versus EPS of $0.26 in the year-earlier quarter.
Revenue: Rose 22.39% to $142.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Chefs Warehouse, Inc reported adjusted EPS income of $0.24 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $130.16 million.
Quoting Management: “We are very pleased with our fourth quarter results, particularly in light of the current economy, the impact of Hurricane Sandy and the extra week in our prior fiscal year,” said Chris Pappas, chairman and chief executive officer of The Chefs’ Warehouse, Inc. “2012 marked a year of significant growth for our company in the face of a challenging economic environment. We started off 2013 with a bang by adding Queensgate Foodservice to the Chefs’ Warehouse family. During the remainder of 2013, we will continue to focus on driving organic growth, strengthening our infrastructure and pursuing additional attractive acquisitions.”
Key Stats (on next page)…