The Chefs' Warehouse Q2 Adj EPS $0.35 Misses $0.50 Estimate, Sales $881.80M Beat $829.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
The Chefs' Warehouse reported Q2 adjusted earnings of $0.35 per share, missing the analyst consensus estimate of $0.50 by 30%. This is a 31.37% decrease from the same period last year. However, the company's quarterly sales of $881.80 million beat the analyst consensus estimate of $829.77 million by 6.27%, a 36.06% increase from last year.
August 04, 2023 | 10:56 am
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The Chefs' Warehouse reported lower than expected Q2 earnings but higher sales. This mixed result could lead to uncertainty in the stock's short-term performance.
The Chefs' Warehouse reported a significant miss on earnings, which could negatively impact the stock. However, the company also reported higher than expected sales, which could offset some of the negative impact from the earnings miss. The mixed results create uncertainty about the stock's short-term performance.
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