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NEW YORK - Chefs’ Warehouse Inc. (NASDAQ:CHEF) reported fourth-quarter earnings that surpassed analyst expectations, driving its stock up 4.74% in trading.
The specialty food distributor posted adjusted earnings per share of $0.55 for the quarter ended December 27, 2024, beating the analyst consensus of $0.50. Revenue rose 8.7% YoY to $1.03 billion, also topping estimates of $1 billion.
Net sales increased to $1,033.6 million from $950.5 million in the same quarter last year. The company saw organic case count grow 6.1% in its specialty category, with unique customers and placements up 4.5% and 12.3% respectively.
"Business activity and demand remained consistently strong through the fourth quarter amidst a healthy environment for our core upscale-casual to higher-end dining customer base," said Christopher Pappas, Chairman and CEO of Chefs’ Warehouse.
Gross profit margins improved by 23 basis points to 24.3%. Operating income as a percentage of net sales increased to 4.5% from 4.0% in the year-ago quarter.
Looking ahead, Chefs’ Warehouse provided guidance for fiscal year 2025, projecting net sales between $3.94 billion and $4.04 billion. This outlook surpasses the analyst consensus of $3.76 billion.
The company’s strong performance and optimistic forecast contributed to the positive market reaction, with shares gaining 4.74% following the earnings release.
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