The Chefs' Warehouse, Inc. Revises Earnings Guidance for the Fiscal Year 2013
January 27, 2014 at 04:09 pm
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The Chefs' Warehouse, Inc. revised earnings guidance for the fiscal year 2013. For the year, the company expects revenue between $670.0 million and $673.0 million, adjusted EBITDA between $46.1 million and $46.7 million, net income between $16.5 million and $16.7 million and net income per diluted share between $0.75 and $0.076. Modified pro forma net income per diluted share expected between $0.80 and $0.81.
The anticipated results are based upon an estimated effective tax rate of approximately 41.5%. EBITDA expected between $43.250 million and $43.800 million.
The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States, the Middle East and Canada. The Company offers stock-keeping units (SKUs), ranging from specialty foods and ingredients to basic ingredients and staples, produce and center-of-the-plate proteins. Its product categories include center-of-the-plate, dry goods, pastry, cheeses and charcuterie, produce, dairy and eggs, oils and vinegars and kitchen supplies. It operates through the food product distribution segment, which is concentrated primarily in the United States. The Companyâs customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. Its center-of-the-plate products include custom cut beef, seafood and hormone-free poultry, as well as produce and food products, such as cooking oils, butter, eggs, milk and flour.
THE CHEFS' WAREHOUSE, INC. 
