Chefs' Warehouse (CHEF) FY16 Revenue Outlook Relatively Flat with Views

The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) announced its preliminary net sales outlook for full year 2016.

For the full year 2016, the Company expects to report net sales between $1.15 billion and $1.20 billion. The Company will provide a more detailed view of its expectations for full year 2016 during the fourth quarter 2015 earnings conference call.

*** Street is at $1.19 billion.

“2016 is shaping up to be another great year for the Company. We expect that growth in our core specialty business will remain solid, which will be fueled by growth in unique customers, placements and cases. Our protein business is also well-positioned for the year ahead as we expect to continue to rebuild Allen Brothers’ profitability and complete the integration of Del Monte,” said Christopher Pappas, chairman and chief executive officer of The Chefs’ Warehouse. “In addition to growing our existing markets we will also continue to opportunistically pursue entering new markets through acquisitions.”

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