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Dec 25, 2020
Chefs' Warehouse Q4 2020 Earnings Report
The company reported a decrease in net sales and a net loss for the fourth quarter of 2020.
Key Takeaways
The Chefs' Warehouse reported a decrease in net sales by 34.0% to $281.7 million for Q4 2020 compared to $426.5 million for Q4 2019. The company experienced a GAAP net loss of $37.1 million, or $(1.02) per diluted share, compared to a net income of $10.9 million, or $0.36 per diluted share, in the same quarter of the previous year. Adjusted EPS was $(0.52) compared to $0.39 in the prior year. The company had $193.6 million in cash and cash equivalents as of February 5, 2021.
Net sales decreased 34.0% to $281.7 million compared to Q4 2019.
GAAP net loss was $37.1 million, or $(1.02) per diluted share.
Adjusted EPS was $(0.52) compared to $0.39 in the fourth quarter of 2019.
The company had approximately $193.6 million in cash and cash equivalents on hand.
Forward Guidance
Due to the continued uncertainty regarding the pace of economic recovery and the lifting of in-door dining restrictions across our markets, 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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