The Chefs' Warehouse Q3 EPS $0.33 Misses $0.34 Estimate, Sales $881.83M Beat $832.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
The Chefs' Warehouse reported Q3 earnings of $0.33 per share, missing the analyst consensus estimate of $0.34 by 2.94%. This is a 19.51% decrease from the same period last year. However, the company reported quarterly sales of $881.83 million, beating the analyst consensus estimate of $832.12 million by 5.97%. This is a 33.24% increase from the same period last year.
November 01, 2023 | 11:05 am
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The Chefs' Warehouse Q3 earnings missed estimates but sales exceeded expectations.
The mixed results with earnings missing but sales beating estimates could lead to neutral short term price movement. Investors may be concerned about the earnings miss, but encouraged by the strong sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100