The Chefs Warehouse Earnings: Here’s Why Investors are Excited Now

The Chefs Warehouse, Inc (NASDAQ:CHEF) delivered a profit and met 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. Shares are up 5.47%.

The Chefs Warehouse, Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.04% to $0.26 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Rose 48.22% to $170.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Chefs Warehouse, Inc reported adjusted EPS income of $0.26 per share. By that measure, the company met the mean analyst estimate of $0.26. It beat the average revenue estimate of $166.11 million.

Quoting Management: “The second quarter was in line with our expectations as we continued to see sequential improvement from our customers this quarter,” said Chris Pappas, chairman and chief executive officer of The Chefs’ Warehouse, Inc. “We also continued to successfully integrate our Michael’s, Queensgate and Qzina acquisitions and are optimistic that our strong pipeline of acquisition candidates interested in becoming part of The Chefs’ Warehouse will continue to present opportunities for growth.”

Key Stats (on next page)…

Revenue increased 22.08% from $139.42 million in the previous quarter. EPS increased 85.71% from $0.14 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.25 and has not changed. For the current year, the average estimate is a profit of $0.94, which is the same with that ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)