Chefs' Warehouse (CHEF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Moody's Investors Service, ("Moody's") today downgraded The Chefs' Warehouse, Inc.'s ("Chefs'") Corporate Family Rating (CFR) to B2 from B1 and Probability of Default Rating (PDR) to B2-PD from B1-PD. In addition, Moody's downgraded Chefs' senior secured bank credit facility to B2 from B1. Chef's Speculative Grade Liquidity was also downgraded to SGL-3 from SGL-2.

With me on today's call are Chris Pappas, founder, chairman and CEO; and Jim Leddy, our CFO. Gross margin in the specialty category decreased 311 basis points as compared to the first quarter of 2019, while gross margin in the center-of-the-plate category increased 156 basis points year over year.

The Chefs' Warehouse, Inc. (CHEF), America’s premier distributor of specialty food products to over 35,000 chef driven restaurants for over 35 years, today announced that the company will offer the sale of food products to the general public. The Chefs’ Warehouse will offer products for purchase online, available for delivery throughout the USA.

Today we'll evaluate The Chefs' Warehouse, Inc. (NASDAQ:CHEF) to determine whether it could have potential as an...

The Chefs' Warehouse, Inc. (CHEF), a premier distributor of specialty food products in North America, today announced that on March 18, 2020, the Company borrowed $100 million under its $150 million Asset-Based Loan Facility, maturing in March of 2022. Inclusive of this borrowing, the Company has approximately $175 million in cash on its balance sheet at this time. The Company took this step to maintain appropriate liquidity during this period of extreme uncertainty.

The Chefs’ Warehouse, Inc. (CHEF) (the “Company”), a premier distributor of specialty food products in North America, today announced that it has adopted a 364-day duration stockholder rights agreement (the “Rights Agreement”), effective March 22, 2020. The Rights Agreement is similar to stockholder rights plans adopted by other public companies, and is intended to promote the fair and equal treatment of all Company stockholders and ensure that no person or group can gain control of the Company through open market accumulation or other tactics potentially disadvantaging the interests of all stockholders without paying an appropriate control premium to deliver sufficient value for all Company stockholders. The Company’s Board of Directors (the “Board”) has taken note in particular that, in light of the COVID-19 pandemic and recent market events, the closing price of the Company’s common stock on March 20, 2020 was more than 80% below the price just over a month ago.

Shares of The Chefs' Warehouse (NASDAQ: CHEF) fell sharply in early trading on Tuesday after the company announced a secondary offering of its common stock. The Chefs' Warehouse stock has recovered some in recent weeks, but shares are still down substantially in 2020. The company just reported earnings for the first quarter of 2020, and organic net sales fell 6.6% year over year.

The Chefs’ Warehouse, Inc. (CHEF) (the “Company”), a premier distributor of specialty food products in the United States and Canada, today announced that Jefferies LLC (“Jefferies”) has agreed to purchase $75,000,000 of the Company’s common stock (the “Shares”), to be reoffered by Jefferies at variable prices. In addition, the Company has granted Jefferies an option, exercisable for up to 30 days, to purchase up to an aggregate of an additional $11,250,000 of shares of common stock. In addition to adding liquidity to the balance sheet, the Company currently intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, working capital, repayment of outstanding debt and opportunistic investment in sales and distribution infrastructure.

For those who didn't watch or listen, CorpGov welcomes you to read the following interviews, adapted from our April Webinar: Best Corporate Governance Practices During the Coronavirus Crisis and Beyond, sponsored by Vinson & Elkins LLP, downloadable free at CorpGov Premium. We discussed a range of topics related to corporate governance including recent activist investor […]

The Chefs' Warehouse, Inc. (CHEF), a premier distributor of specialty food products in North America, today announced that due to the current unprecedented market conditions related to the coronavirus (COVID-19), the Company is withdrawing financial guidance for the fiscal year ending December 25, 2020. The Company will provide an update on the business on its First Quarter earnings call. In times of happiness and success, and in more trying times like today, we are committed to being partners to those Chefs.

RIDGEFIELD, Conn., May 08, 2020 -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF), a premier distributor of specialty food products in the United States, today announced that the.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of The Chefs' Warehouse, Inc. New York, April 29, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of The Chefs' Warehouse, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

The Chefs’ Warehouse, Inc. (CHEF) (the “Company”), a premier distributor of specialty food products in the United States and Canada, announced today the closing of its previously announced underwritten public offering of 5,769,231 shares of its common stock (the “Offering”). Jefferies LLC (“Jefferies”) and BMO Capital Markets Corp. acted as the underwriters for the Offering (collectively, the “Underwriters”), pursuant to an underwriting agreement entered into between the Company and Jefferies, as representative of the underwriters named therein, dated May 11, 2020. The Company sold a total of 5,769,231 shares, at a price of $13.00 per share to the Underwriters, to be reoffered by the Underwriters at variable prices.

Q1 2020 Chefs' Warehouse Inc Earnings Call

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RIDGEFIELD, Conn., May 06, 2020 -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”), a premier distributor of specialty food products in the United States and Canada,.

What happened Shares of The Chefs' Warehouse (NASDAQ: CHEF) were headed higher on Wednesday, at one point trading 12% higher. As of 11:45 a.m. EDT, shares had given a little back, but were still up 7% for the session.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

RIDGEFIELD, Conn., April 23, 2020 -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) today announced that the Company intends to release its financial results for the first quarter.