From The Motley Fool · Rich Smith · · 50s
Chefs' Warehouse Stock Bounces Then Falls
Chefs' Warehouse stock surged after Q3 earnings beat but dropped sharply at open.
In brief
Chefs' Warehouse stock surged after Q3 earnings beat but dropped sharply at open. Chefs' Warehouse stock rose 1.5% after reporting Q3 earnings beat but fell 12% at open. Originally reported by The Motley Fool.
Chefs' Warehouse Stock Moves
Chefs' Warehouse stock bounced Wednesday after Q3 earnings beat but dropped 12% at open.
Q3 Earnings Beat
Chefs reported $0.66 per share earnings on $1.14 billion sales, beating analyst expectations of $0.58 per share.
Free Cash Flow Boost
Chefs generated $115.7 million free cash flow this year, 44% ahead of net income and five times last year's amount.
Full-Year Guidance
Chefs raised full-year sales guidance to $4.6 billion and predicted $2.55 per share earnings, up 34% year over year.
What matters most
Chefs' Warehouse stock rose 1.5% after reporting Q3 earnings beat but fell 12% at open.
