Chefs’ Warehouse: 2Q Earnings Snapshot
RIDGEFIELD, Conn. (AP) _ The Chefs’ Warehouse Inc. (CHEF) on Wednesday reported second-quarter net income of $7.7 million.
The Ridgefield, Connecticut-based company said it had profit of 26 cents per share. Earnings, adjusted for non-recurring costs, came to 33 cents per share.
The distributor of specialty food products posted revenue of $411.4 million in the period.
Chefs’ Warehouse expects full-year earnings in the range of 96 cents to $1.05 per share, with revenue in the range of $1.57 billion to $1.61 billion.
Chefs’ Warehouse shares have climbed 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.47, a rise of 35% in the last 12 months.