Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Chefs' Warehouse, with a focus on how actual results compare to estimates impacting stock price [1][2]. Company Summary - Chefs' Warehouse is expected to report quarterly earnings of $0.51 per share, reflecting an 8.5% increase year-over-year, with revenues projected at $1 billion, a 5.6% rise from the previous year [3]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - The Most Accurate Estimate for Chefs' Warehouse is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -6.93%, suggesting a bearish sentiment among analysts [10][11]. Earnings Surprise History - In the last reported quarter, Chefs' Warehouse exceeded expectations by posting earnings of $0.36 per share against an estimate of $0.35, achieving a surprise of +2.86% [12]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [13]. Industry Context - In the Zacks Food - Miscellaneous industry, Flowers Foods is expected to report earnings of $0.21 per share, indicating a 5% year-over-year increase, with revenues projected at $1.13 billion, a slight 0.1% increase from the previous year [17]. - Flowers Foods has an Earnings ESP of -0.31% and a Zacks Rank of 3, making it challenging to predict a beat on the consensus EPS estimate [18].

Core Viewpoint - The Chefs' Warehouse, Inc. is set to announce its financial results for the fourth quarter and fiscal year ending December 27, 2024, on February 12, 2025, before market opening, followed by a conference call to discuss the results [1]. Company Overview - The Chefs' Warehouse, Inc. is a leading distributor of specialty food products in the United States, the Middle East, and Canada, catering to the needs of chefs operating independent restaurants, fine dining establishments, and various culinary businesses [3]. - The company distributes over 70,000 products to more than 44,000 customer locations across its operational regions [3]. Conference Call Details - The conference call will be available via live webcast on the company's investor relations website, with an online archive accessible for 30 days post-event [2].

Core Insights - The Chefs' Warehouse is expanding its produce distribution through GreenLeaf to serve customers in Southern California, enhancing access to high-quality produce [2][3] - GreenLeaf, a leading produce distributor in Northern California, has a strong reputation for delivering top-quality, sustainably sourced produce since 1976 [4] - The acquisition of GreenLeaf by The Chefs' Warehouse on May 1, 2023, reflects the company's strategy to become a one-stop-shop for chefs, providing a wider range of specialty products [3] Company Overview - The Chefs' Warehouse is a premier distributor of specialty food products across the United States, Canada, and the Middle East, catering to various culinary businesses [5] - The company distributes over 55,000 products to more than 35,000 customers, sourcing from over 2,000 artisan producers in more than 40 countries [5] - GreenLeaf is recognized for its best-in-class service and commitment to supporting family-owned farms in the Los Angeles, San Diego, and Santa Barbara areas [1][4]

Company Overview - The Chefs' Warehouse, Inc. is a leading distributor of specialty food products in the U.S., Canada, and the Middle East [1] - The company holds approximately 13% market share of the top 35% of independent restaurants [1] Market Position - The company is focused on small-cap stocks with strong price appreciation potential [1] - GSBR Research, associated with the company, has over 12 years of stock market investing experience [1]

RIDGEFIELD, Conn., Jan. 13, 2025 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ:CHEF) (the "Company" or "Chefs'"), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today announced its preliminary outlook for fiscal year 2025. Based on current trends in the business, the Company is providing the following financial guidance for fiscal year 2025: Net sales in the range of $3.94 billion and $4.04 billion;Gross profit to be between $951 million and $976 ...

Company to Host Investor Day on March 13, 2025RIDGEFIELD, Conn., Jan. 13, 2025 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today announced its preliminary outlook for fiscal year 2025. Based on current trends in the business, the Company is providing the following financial guidance for fiscal year 2025: Net sales in the range of $3.94 billion and $4.04 billion;G ...

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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made ...

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Financial Data and Key Metrics Changes - Net sales for Q3 2024 increased approximately 5.6% to $931.5 million from $881.8 million in Q3 2023 [18] - Gross profit increased 8.2% to $224.7 million for Q3 2024 compared to $207.7 million for Q3 2023 [19] - GAAP net income was $14.1 million or $0.34 per diluted share for Q3 2024, compared to net income of $7.3 million or $0.19 per diluted share for Q3 2023 [23] - Adjusted EBITDA for Q3 2024 was $54.5 million compared to $50.3 million for Q3 2023 [23] - Gross profit margins increased approximately 58 basis points to 24.1% [20] Business Line Data and Key Metrics Changes - Specialty sales were up 7.5% organically over the prior year, driven by unique customer growth of approximately 4.7% and placement growth of 10.8% [10] - Organic pounds in center-of-the-plate were approximately 1% higher than the prior year [10] - Gross margin in the specialty category increased approximately 50 basis points compared to Q3 2023 [11] Market Data and Key Metrics Changes - Net inflation was 3.2% in Q3 2024, with 4.3% inflation in the specialty category and 1.4% in the center-of-the-plate category [19] - The company experienced a slight softening in demand during July, attributed to seasonal factors and Hurricane Beryl, which impacted revenue growth by approximately 1% [18][32] Company Strategy and Development Direction - The company is focused on achieving targeted financial goals by year-end 2028, with a growth and capital allocation plan in place [12] - Ongoing integration of specialty produce and protein businesses in Texas aims to improve operational efficiency and cross-selling opportunities [16] - The company has engaged a global consulting firm to assist in driving top-line and bottom-line improvements [12][58] Management's Comments on Operating Environment and Future Outlook - Management noted that customer activity accelerated into the latter half of Q3 and continued into October, indicating positive momentum [9] - The company is adapting to a new environment where customers tend to book last minute, impacting holiday planning [60] - Management expressed confidence in the ability to take market share despite a competitive environment and ongoing inflationary pressures [40][72] Other Important Information - Total liquidity at the end of Q3 was $221.3 million, comprised of $50.7 million in cash and $170.6 million available under the ABL facility [24] - The company has repurchased $10 million of its outstanding common shares year-to-date, resulting in a reduction of approximately 264,000 shares outstanding [26] Q&A Session Summary Question: Trends in customer traffic and softness in Q3 - Management acknowledged a slight dip in July but noted strong gross profit dollar growth and market share gains in the latter half of the quarter [31][32] Question: Salesperson hiring environment - The company continues to hire and build a strong sales team, emphasizing the importance of training and relationship management [33] Question: Impact of Hardee's on EBITDA margin - Hardee's is expected to dilute overall EBITDA margins by about 20 to 25 basis points, with improvements anticipated as integration progresses [37] Question: Churn levels and customer acquisition - Management reported that new customer acquisition is helping offset some softness, with core customers performing well [39] Question: Cadence of sales growth in September and October - Management indicated that trends improved through the quarter, with positive momentum continuing into October [42] Question: Customer usage in mature vs. new markets - In mature markets, customers utilize a broader range of products, while new markets are still developing their offerings [66] Question: Margin expansion and acquisitions - The margin expansion targets are based on organic growth, with acquisitions not modeled into the financials [68]