NasdaqGS:CHEFConsumer Retailing
Chefs' Warehouse (CHEF) Stock Catches Fire On Margin Expansion And Raised Outlook
Chefs' Warehouse stock jumped 6.2% to about US$112 today, capping a strong 3 month run, after the company served up a Q2 that landed well ahead of what many investors had priced in. Revenue reached about US$1.17b and adjusted EBITDA came in at US$88.1m, a result that indicates volume growth and pricing power are working together.
The key focus today is margin. Both gross margin and adjusted EBITDA margin moved higher, which matters more for the multi year story than a single quarter of...