Ridgefield specialty food distributor Chefs’ Warehouse Inc. today raised its earnings-per-share expectations for its third quarter, which began July 1.
The company expects diluted earnings per share in the range of 88 cents and 92 cents, up from previous guidance of 86 cents to 94 cents.
The company kept its revenue estimate of between $650 million and $690 million.
Chief’s Warehouse said it weighed several factors before issuing the guidance, including seasonality in Qzina Specialty Foods business and margin compression in its protein category.
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Chefs’ Warehouse issued second-quarter results on Aug. 1, which showed revenue up 48 percent to $170.2 million and profits up 20 percent to $5.3 million.
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