NASDAQ$CHEF

The Chefs' Warehouse Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

The Chefs' Warehouse reported a decrease in net sales and a net loss for Q1 2021.

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.

Headline financials

Total Revenue

$280M

Previous: $375M-25.4%
EPS (adj)

-$0.50

Previous: -$0.60+16.7%
Free Cash Flow

-$17.9M

Previous: -$14.1M-27.2%
Net Income

-$17.9M

Previous: -$14.1M-27.2%
Operating Income

-$20.1M

Previous: -$17M-18.3%
Gross Profit

$58.9M

Previous: $90.9M-35.2%
Cash & Equivalents

$175M

Previous: $194M-9.6%
Total Assets

$963M

Previous: $1.11B-13.0%
Stock-Based Comp

$2.46M

Previous: $851K+188.8%

Revenue & EPS history

Chefs' Warehouse · Revenue · Quarterly

$280M

Q1 2021-25.4%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.8%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+5.7%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+24.6%

Q3 2023

Best reaction

-28.8%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+17.8%+21.4%+19.1%
Q4 2025-1.9%+4.7%-1.2%
Q3 2025+6.2%+3.6%+4.6%
Q1 2025+6.9%+14.0%+19.7%
Q4 2024+9.4%+19.9%-3.7%
Q3 2024-3.2%-3.0%+8.5%
Q2 2024-1.5%-10.4%+3.9%
Q1 2024+11.7%+14.1%+19.2%
Q4 2023+3.7%+10.3%+12.8%
Q3 2023+24.6%+26.8%+43.2%
Q2 2023-17.2%-17.6%-22.1%
Q1 2023+4.5%+7.1%-1.7%
Q4 2022-5.1%-3.4%-15.4%
Q3 2022+4.1%+7.3%+10.9%
Q2 2022-2.6%-4.2%-9.1%
Q1 2022+1.1%+2.6%-1.7%
Q4 2021+7.5%+6.3%-8.8%
Q3 2021+14.9%+21.9%+6.4%
Q2 2021+10.2%+6.1%+13.6%
Q1 2021-8.1%-10.5%-12.6%
Q4 2020-2.2%-0.1%+13.3%
Q3 2020-13.2%-13.8%+45.7%
Q2 2020+4.4%-4.4%+39.7%
Q1 2020+10.7%+25.3%+59.1%
Q4 2019-4.1%-5.5%-55.5%
Q3 2019-14.4%-11.7%-8.1%
Q2 2019+3.3%+2.8%+7.2%
Q1 2019+1.7%+5.5%-3.1%
Q4 2018-4.2%-4.8%-14.0%
Q3 2018+4.1%+3.9%+13.3%
Q2 2018+7.8%+7.1%+9.1%
Q1 2018+11.7%+9.1%+5.0%
Q4 2017+9.2%+11.1%+22.0%
Q3 2017-19.2%-9.5%+0.2%
Q2 2017+18.2%+22.3%+13.7%
Q1 2017+9.5%+6.2%+11.4%
Q4 2016-3.5%-4.7%-12.7%
Q3 2016+1.8%+1.8%+18.4%
Q2 2016-28.8%-32.0%-29.5%
Q1 2016-17.5%
Q4 2015+21.4%
Q3 2015+13.3%
Q2 2015-9.9%
Q1 2015+5.2%
Q4 2014+0.9%
Q3 2014-0.2%
Q2 2014-0.2%
Q1 2014-6.2%
Q4 2013-2.2%
Q3 2013-5.5%
Q2 2013+10.3%
Q1 2013+11.4%
Q4 2012+4.3%
Q3 2012-4.8%
Q2 2012-19.1%
Q1 2011-2.7%
Q1 2012+4.4%
Q2 2011+4.4%
Q4 2011+4.4%
Q4 2009+4.4%
Q3 2010-4.4%
Q3 2011+9.4%
Q4 2010+9.4%
Q2 2010+9.4%
Q1 2010

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