Chefs' Warehouse beats by $0.01, beats on revs; guides FY18 EPS above consensus, revs in-line
- Reports Q4 (Dec) earnings of $0.23 per share, excluding non-recurring items, $0.01 better thanthe Capital IQ Consensus of $0.22; revenues rose 4.1% year/year to $357 mln vs the $352.95 mln Capital IQ Consensus. Net sales, pro-rated for a 13-week fourth quarter in 2016, increased 12.2%. On a pro-rated basis, organic growth contributed $21.9 million, or 7.0% to sales growth in the quarter. The remaining sales growth of $16.8 million, or 5.3% resulted from the acquisition of Fells Point Wholesale Meats Inc. on August 25, 2017.
- Co issues guidance for FY18, sees EPS of $0.68-0.78, excluding non-recurring items, vs. $0.67 Capital IQ Consensus Estimate; sees FY18 revs of $1.40-1.44 bln vs. $1.42 bln Capital IQ Consensus Estimate.