1436 ET - Chefs' Warehouse CEO Christopher Pappas says on a call with analysts that higher egg prices and looming tariffs aren't keeping him up at night. The food distributor has more than 4,000 suppliers, and "a tremendous amount of our products are domestic," he says. The largest hurdle the company faces is rising egg prices, but this surge shouldn't have an outsized effect on operations: "Even if they're up 50 cents an egg, how much of that goes into a recipe to our average customer, who's charging $20, $30, $40 for an entree?" Pappas says. On tariffs, Chefs' could get hit with higher costs for fruits and vegetables from Mexico, but Pappas again downplays the effect. "All of these are $20 boxes, so you're talking about a few bucks a case." Chefs' Warehouse surges 12% on better-than-expected 4Q earnings. (connor.hart@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 14:36 ET (19:36 GMT)
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