Chefs' Warehouse (CHEF) to Withdraw FY20 Guidance

The Chefs' Warehouse, Inc. (NASDAQ: 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 our 35 years of servicing the world’s greatest Chefs, we’ve certainly seen a lot. Our industry, at its heart, is about community. In times of happiness and success, and in more trying times like today, we are committed to being partners to those Chefs. We are being diligent about finding creative solutions to support the restaurant industry in the coming weeks and months and know we will emerge from these trying times stronger than ever,” said Christopher Pappas, Chairman and CEO of The Chefs' Warehouse, Inc.

“First and foremost, the safety and well-being of our team is our number one priority,” said Jim Leddy, CFO of The Chefs’ Warehouse, Inc. “While we cannot predict how long this situation will last, our focus is on maintaining a solid balance sheet and partnering with our customers and suppliers during this time of uncertainty.”

You May Also Be Interested In

• SpaceX: New Street Research sees 22% upside from proposed IPO price
• ChowChow Cloud addresses unusual trading activity in shares
• The Lovesac Company (LOVE) Tops Q1 EPS by 29c