Chefs' Warehouse Shares Fall After Fiscal Q3 Results, Revised 2024 Sales Guidance

MT Newswires Live

Oct 30, 2024

Chefs' Warehouse (CHEF) shares were down 2.5% in early trading Wednesday after the company reported lower-than-expected Q3 net sales and narrowed its full-year net sales guidance.

The company reported fiscal Q3 adjusted net income Wednesday of $0.36 per diluted share, up from $0.33 a year earlier.

Analysts polled by Capital IQ expected $0.34.

Net sales for the quarter ended Sept. 27 were $931.5 million, up from $881.8 million a year earlier.

Analysts surveyed by Capital IQ expected $936.5 million.

For fiscal 2024, the company said it now expects net sales in the range of $3.71 billion to $3.78 billion, compared with its prior outlook of $3.67 billion to $3.79 billion. Analysts polled by Capital IQ expect $3.77 billion.

Price: 40.20, Change: -1.02, Percent Change: -2.47

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Analysts polled by Capital IQ expect $3.77 billion.</p><p>Price: 40.20, Change: -1.02, Percent Change: -2.47</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHEF","symbol_name":"The Chefs’ Warehouse","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479783245","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479783245","pubTimestamp":1730295468,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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