Chef's Warehouse Stocks Jump 7.2 Percent in One Day

Ridgefield-based Chef’s Warehouse stock values are rapidly rising, according to Zacks, jumping over seven percent on one day.

The Chefs’ Warehouse currently has a Zacks Rank #3 (Hold). Their actual revenue for the fourth quarter was reported by Market Beat at $299.70 million.

Chefs’ Warehouse is a distributor of specialty food products, based in Ridgefield, that caters to chefs who own and or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores.

According to Chef’s Warehouse, net sales increased 31.3 percent to $299.7 million for the fourth quarter of 2015 from $228.2 million for the fourth quarter of 2014.

The company said in a release:

“2015 was a momentum building year for the Company as we continue to create the industry-leading, dynamic, food marketing and distribution company we envisioned when we went public four years ago. During the year we reported a net sales increase of 31%, crossing the $1 billion mark in revenue, and a modified pro forma EPS increase of 30%. We completed the Del Monte acquisition in April and are making significant progress on integrating that business. We also made meaningful progress in improving the financial performance of Allen Brothers and are increasingly confident that the addition of Allen Brothers to our family of companies will pay long term dividends. Finally, we opened a new market for our specialty division with the addition of a distribution facility in Chicago, as well as added significant additional capacity in New York, Las Vegas and plan to open our San Francisco facility by the end of this month. We believe that these new facilities position us well for future growth” said Chris Pappas, chairman and chief executive officer of The Chefs’ Warehouse, Inc. “2016 is shaping up to be a great year for the Company as we carry forward this momentum and build on our success. We have many of our large capital-intensive projects behind us, many new state-of-the art facilities in operation and our core specialty and protein businesses are performing very well.”

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