Why Chefs' Warehouse Stock Popped 11% Today
Shares of specialty foods distributor Chefs' Warehouse (NASDAQ: CHEF) are the toast of the town today. After the company reported market-thumping sales and earnings for its fiscal third quarter, its stock is up a whopping 10.9% as of 12:45 p.m. EDT.
Analysts had forecast the company would earn $0.10 per share (adjusted) for the quarter, on sales of only $450.1 million, but the company reported a profit of $0.12 per share on sales of $484.3 million instead.
Image source: Getty Images.
Source Fool.com
