Chefs' Warehouse expected to post higher Q2 revenue and earnings

Zacks Investment Research··Read original
2▲1 ▼0Impact / 5
Summary · why it matters

The Chefs' Warehouse is expected to report second-quarter revenue of $1.1 billion and earnings of 64 cents a share when it releases results on July 29, according to Zacks Consensus Estimates. Revenue would represent a 9.5% increase from the prior-year quarter, while earnings would mark a 23.1% gain. The company's North American business likely benefited from market-share gains, deeper customer penetration, and demand from restaurants and hotels, though Middle East disruptions and weak hotel occupancy in tourism-dependent markets may have weighed on results. Zacks rates the stock a Sell with an Earnings ESP of 0.00%, indicating no clear signal for an earnings beat.

Impact on assets 4

Consumer Staples▲ · 3 stocks
The Chefs Warehouse Inc
CHEF
▲ PositiveDemandrelevance

Expected revenue and earnings growth driven by market-share gains, deeper customer penetration, and demand from restaurants and hotels

Synthetic Biology (non-pharma)▲ · 1 stocks