CHEF Earnings Prediction
The chart below shows how CHEF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CHEF sees a -2.49% change in stock price 10 days leading up to the earnings, and a -1.41% change 10 days following the report. On the earnings day itself, the stock moves by +2.16%. This data can give you a slight idea of what to expect for the next quarter's release.
CHEF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
931.45M
5.63%
-2.44%
Gross Margin
24.13%
2.46%
0.58%
Operating Margin
3.43%
-2.56%
-3.38%
Net Margin
1.51%
81.93%
-7.36%
EPS
0.31
63.16%
-8.82%
No Data Available
CHEF Earnings Analysis
The Chef's Warehouse Inc Corporation (CHEF.O) Earnings Conference Call
Positive
Organic Sales Growth: 5.6% organic growth in net sales.
Specialty Sales Increase: Specialty sales were up 7.5% organically over the prior year, driven by unique customer growth of approximately 4.7%.
Gross Profit Margin Increase: Gross profit margins increased approximately 58 basis points.
Specialty Category Gross Profit Increase: Gross profit in the specialty category increased approximately 50 basis points compared to the third quarter of 2023.
Adjusted Net Income Increase: Adjusted net income was $15.4 million or $0.36 per diluted share for the third quarter of 2024 compared to $13.7 million or $0.33 per diluted share for the prior year third quarter.
Negative
Net Sales Growth Slowdown: 5.6% organic growth in net sales, indicating a slowdown compared to previous quarters.
SG&A Expense Increase: Selling, general and administrative expenses increased approximately 7.4% to $192.9 million for the third quarter of 2024 from $179.6 million for the third quarter of 2023.
Operating Expenses Increase: Adjusted operating expenses increased 8.2% versus the prior year third quarter, reaching 18.3% of net sales for the third quarter of 2024.
Net Income Increase: GAAP net income was $14.1 million or $0.34 per diluted share for the third quarter of 2024 compared to net income of $7.3 million or $0.19 per diluted share for the third quarter of 2023, indicating a significant increase but still reflecting challenges in profitability.
Adjusted Net Income Increase: Adjusted net income was $15.4 million or $0.36 per diluted share for the third quarter of 2024 compared to $13.7 million or $0.33 per diluted share for the prior year third quarter, showing only a modest improvement.
CHEF FAQs
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CHEF Earning Call Sentiment
The Chefs' Warehouse, Inc. (CHEF) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CHEF.O
-0.19%Positive
The earnings call reveals strong financial performance with improved net sales and profitability, alongside a positive outlook for future growth. The Q&A indicates management's proactive approach to challenges, with improvements expected in EBITDA margins. Share repurchase plans and a strong liquidity position add to the positive sentiment. Despite some concerns about inflation and supply chain, the overall sentiment is positive, especially given the company's market cap, suggesting a likely stock price increase of 2% to 8% over the next two weeks.
