Chefs' Warehouse Q2 Misses View, Sees Weak FY; Shares Down

Chefs' Warehouse Issues $100 Mln Of Senior Notes

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7/31/2012 7:52 PM ET

Chefs' Warehouse Inc. (CHEF: Quote) shares fell ten percent in after market hours, after the company reported a profit and sales for the second quarter below analysts' estimates.

Net income available to common stockholders was $4.5 million or $0.21 per share, compared to $2.7 million or $0.17 per share in the second quarter last year.

Adjusted income was $4.7 million or $0.23 per share, compared to $4.1 million or $0.20 per share last year.

Net sales increased 15.7 percent to $114.8 million from $99.3 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.24 per share, and revenues of $118.05 million for the quarter.

For the full year 2012, the company now expects revenue of $445.0 million to $455.0 million, earnings of $0.77 to $0.83 per share, and adjusted earnings of $0.80 to $0.86 per share.

Analysts polled by Thomson Reuters currently estimate earnings of $0.91 per share on revenues of 463.11 million.

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by RTT Staff Writer

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