Chefs’ Warehouse reports Q3 adjusted EPS 36c, consensus 34c

Reports Q3 revenue $931.5M, consensus $936.29M. “Business and demand trends improved sequentially through the third quarter. Continued seasonal increase in international travel among the higher income demographic led to a slightly softer season in July and early August. Customer activity accelerated into the latter half of the quarter and momentum in demand continued into October. Our operating divisions across domestic and international markets delivered strong growth in gross profit dollars and margin; as well as continued progress increasing relevance with our customer base with strong year-over-year growth in unique item placements”, said Christopher Pappas, Chairman and Chief Executive of the Company. “I would like thank the entire Chefs’ Warehouse (CHEF) team for their dedication and commitment to delivering our diverse and high-quality product and service in partnership with our suppliers and customers and the communities we serve.”