Published on 1 May 2024 on GuruFocus.com via Yahoo Finance
The Chefs' Warehouse Inc (CHEF) Q1 2024 Earnings: Mixed Results Amidst Revenue Growth
Revenue: Reached $874.5 million, up 21.5% from the previous year, surpassing estimates of $833.25 million.Net Income: Reported at $1.9 million, or $0.05 per diluted share, below the estimated $3.09 million.Earnings Per Share (EPS): GAAP EPS was $0.05, falling short of the estimated $0.08, while adjusted EPS was $0.15, exceeding the prior year's $0.12.Gross Profit: Increased by 23.4% to $209.4 million, with gross margin improving to 23.9%.Adjusted EBITDA: Grew to $40.2 million from $32.8 million in the previous year, indicating improved operational efficiency.Operating Income: Rose to $16.0 million, maintaining an operating margin of 1.7%.Guidance for Fiscal 2024: Projected net sales between $3.640 billion and $3.785 billion, with adjusted EBITDA expected to be between $207.0 million and $219.0 million.
Warning! GuruFocus has detected 3 Warning Sign with CHEF.