NASDAQ$CHEF

The Chefs' Warehouse Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

The company reported a decrease in net sales and a net loss for the fourth quarter of 2020.

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.

Headline financials

Total Revenue

$282M

Previous: $427M-34.0%
EPS (adj)

-$0.52

Previous: $0.39-233.3%
Net Income

-$37.1M

Previous: $10.9M-440.3%
Operating Income

-$48.3M

Previous: $18.4M-361.8%
Gross Profit

$58.9M

Previous: $108M-45.3%
Cash & Equivalents

$194M

Previous: $140M+38.1%
Total Assets

$974M

Previous: $1.01B-3.9%
Stock-Based Comp

$4.37M

Previous: $1.49M+193.5%

Revenue & EPS history

Chefs' Warehouse · Revenue · Quarterly

$282M

Q4 2020-34%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

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

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+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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