Key Developments: The Chefs' Warehouse Inc (CHEF.OQ)
20.66USD
1 Aug 2013
$0.61 (+3.04%)
$20.05
$20.32
$21.02
$19.85
33,751
17,885
$21.06
$12.57
Latest Key Developments (Source: Significant Developments)
The Chefs' Warehouse Inc Reaffirms FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 Earnings Guidance
The Chefs' Warehouse Inc updated fiscal 2013 guidance and expects revenue to be in the range of $650.0-$690.0 million, Adjusted EBITDA between $46.5 million and $51.0 million, Net income between $18.0 million and $19.8 million and Net income per diluted share between $0.86 and $0.94. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $661 million, EBITDA of $48 million, net income of $19.8 million and EPS of $0.94 for fiscal 2013. Full Article
The Chefs' Warehouse Inc Raises FY 2013 Revenue And EBITDA Guidance; Reaffirms FY 2013 Net Income And EPS Guidance
The Chefs' Warehouse Inc announced that for fiscal 2013, it expects revenue between $650.0 million - $690.0 million, adjusted EBITDA to be between $46.0 million - $51.0 million, net income between $17.7 million - $19.8 million, Net income per diluted share between $0.84 - $0.94 and Modified pro forma net income per diluted share between $0.88 - $0.98. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $619.6 million, EBITDA of $44.8 million, net income of $19.8 million and EPS of $0.94 for fiscal 2013. Full Article
The Chefs' Warehouse Inc Issues $100 Million Of Senior Notes
The Chefs' Warehouse, Inc. announced that it has issued $100 million in guaranteed senior secured notes to Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., through a private placement transaction. The notes bear an annual interest rate of 5.90% and mature in 2023. The proceeds from the private placement have been used primarily to refinance debt and for general corporate purposes. Full Article
The Chefs' Warehouse Inc Issues FY 2013 EBITDA Guidance; Revenue Guidance Above Analysts' Estimates; Net Income And EPS Guidance Below Analysts' Estimates
The Chefs' Warehouse Inc announced that for fiscal 2013, it expects revenue of between $610.0 million and $640.0 million, adjusted EBITDA of between $43.0 million and $47.5 million, Net income of between $17.7 million and $19.8 million and Net income per diluted share (EPS) between $0.84 and $0.94. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $568.1 million, EBITDA of $44.9 million, net income of $20.2 million and EPS of $0.95 for fiscal 2013. Full Article
The Chefs' Warehouse Inc Acquires All Assets Of Queensgate Foodservice, Located In Cincinnati, OH
The Chefs' Warehouse Inc announced that it has acquired substantially all the assets of Queensgate Foodservice, located in Cincinnati, OH. Founded in 1999, Queensgate is a distributor stocking more than 8,000 items, including a full line of produce, fresh meats and poultry, dairy, dry grocery, and frozen foods . They serve some of the finest restaurants, caterers, hotels, country clubs, and other operators in Ohio, Kentucky, and Indiana. The total purchase price for the business was approximately $22 million at closing (subject to customary post-closing working capital adjustments) and was funded with borrowings under the Company's existing revolving credit facility. Full Article
The Chefs' Warehouse Inc Raises FY 2012 Revenue Guidance; Lowers FY 2012 EPS Guidance
The Chefs' Warehouse, Inc. updated its financial guidance for fiscal 2012: Revenue between $460.0 million and $480.0 million, Net income per diluted share between $0.70 and $0.76 and Modified pro forma net income per diluted share (EPS) between $0.75 and $0.81. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $467.1 million and EPS of $0.84 for fiscal 2012. Full Article
The Chefs' Warehouse Inc Acquires Michael's Finer Meats, LLC
The Chefs' Warehouse Inc announced that it has acquired all of the equity securities of Michael's Finer Meats, LLC, an approximately $80 million annual revenue specialty protein distributor located in Columbus, OH. Founded by Michael Bloch in 1962, Michael's distributes an extensive portfolio of custom cut beef, seafood and other center-of-the-plate products to many of the restaurants, country clubs, hotels and casinos in Ohio, Indiana, Illinois and western Pennsylvania. The total purchase price for the business was approximately $54.3 million (subject to customary post-closing working capital adjustments) and was funded with borrowings under the Company's existing revolving credit facility. Full Article
The Chefs' Warehouse Inc Lowers FY 2012 Guidance
The Chefs' Warehouse Inc announced it is updating its financial guidance for fiscal 2012. For fiscal 2012, the Company now expects revenue of between $445.0 million and $455.0 million, net income per diluted share of between $0.77 and $0.83 and modified pro forma net income per diluted share (EPS) between $0.80 and $0.86. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $463.1 million and EPS of $0.91 for fiscal 2012. Full Article
The Chefs' Warehouse Inc Raises FY 2012 Guidance
The Chefs' Warehouse Inc announced that for fiscal 2012, it expects revenue of between $452.0 million and $462.0 million. Net income per diluted share (EPS) between $0.86-$0.89. Modified pro forma net income per diluted share between $0.91 and $0.94. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $459 million and EPS of $0.95 for fiscal 2012. Full Article
The Chefs' Warehouse Inc Acquires Praml International, LTD.
The Chefs' Warehouse Inc announced that it has acquired Praml International, LTD., a specialty foods importer and foodservice distributor located in Las Vegas, NV, which services customers in Las Vegas, NV and Reno, NV. GSV Advisors acted as exclusive financial advisor to Praml in this transaction. Terms of the transaction were not disclosed. Full Article

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