Chefs’ Warehouse: 4Q Earnings Snapshot
RIDGEFIELD, Conn. (AP) _ The Chefs’ Warehouse Inc. (CHEF) on Wednesday reported fourth-quarter earnings of $8.9 million.
On a per-share basis, the Ridgefield, Connecticut-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, were 32 cents per share.
The distributor of specialty food products posted revenue of $394.1 million in the period.
For the year, the company reported profit of $20.4 million, or 70 cents per share. Revenue was reported as $1.44 billion.
Chefs’ Warehouse expects full-year earnings in the range of 91 cents to $1.01 per share, with revenue in the range of $1.52 billion to $1.57 billion.
Chefs’ Warehouse shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.66, an increase of 92 percent in the last 12 months.