The Chefs' Warehouse reported a challenging second quarter with net sales decreasing by 51.3% to $200.5 million compared to the previous year. The company experienced a GAAP net loss of $20.3 million, or $(0.57) per diluted share, and an adjusted EPS of $(0.52).
Net sales decreased 51.3% to $200.5 million compared to Q2 2019.
GAAP net loss was $20.3 million, or $(0.57) per diluted share.
Adjusted EPS was $(0.52) compared to $0.33 in Q2 2019.
Available liquidity of approximately $241.8 million was reported.
Due to the continued uncertainty regarding the pace of economic recovery and the lifting of in-dining restrictions across our markets, the Company will not be providing guidance for 2020.
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