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Mar 26, 2021
Chefs' Warehouse Q1 2021 Earnings Report
The Chefs' Warehouse reported a decrease in net sales and a net loss for Q1 2021.
Key Takeaways
The Chefs' Warehouse reported a 25.4% decrease in net sales to $280.2 million for the first quarter of 2021. The company experienced a GAAP net loss of $17.9 million, or $(0.49) per diluted share, and an adjusted EPS of $(0.50).
Net sales decreased by 25.4% to $280.2 million compared to Q1 2020.
GAAP net loss was $17.9 million, or $(0.49) per diluted share.
Adjusted EPS was $(0.50) compared to $(0.60) in the prior year.
Gross profit decreased by approximately 31.0% to $58.9 million.
Forward Guidance
Due to continued uncertainty regarding the pace of broader economic recovery, lifting of in-room-dining restrictions across key markets, and the timing of event and travel related business activity, the Company will not be providing guidance for 2021 at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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