AP NEWS

Chefs’ Warehouse: 4Q Earnings Snapshot

February 12, 2020 GMT

RIDGEFIELD, Conn. (AP) _ The Chefs’ Warehouse Inc. (CHEF) on Wednesday reported fourth-quarter net income of $10.9 million.

The Ridgefield, Connecticut-based company said it had net income of 36 cents per share. Earnings, adjusted for non-recurring costs, came to 39 cents per share.

The distributor of specialty food products posted revenue of $426.5 million in the period.

For the year, the company reported profit of $24.2 million, or 81 cents per share. Revenue was reported as $1.59 billion.

Chefs’ Warehouse expects full-year earnings in the range of 91 cents to $1 per share, with revenue in the range of $1.85 billion to $1.91 billion.

Chefs’ Warehouse shares have climbed nearly 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.58, a rise of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHEF at https://www.zacks.com/ap/CHEF