Chefs' Warehouse (Nasdaq: CHEF) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 28 (Q4), Chefs' Warehouse beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share shrank. GAAP earnings per share shrank significantly.

Margins shrank across the board.

Revenue details
Chefs' Warehouse booked revenue of $142.6 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $130.2 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $116.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.24. The four earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. Non-GAAP EPS of $0.24 for Q4 were 7.7% lower than the prior-year quarter's $0.26 per share. GAAP EPS of $0.17 for Q4 were 32% lower than the prior-year quarter's $0.25 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 25.3%, 130 basis points worse than the prior-year quarter. Operating margin was 5.5%, 290 basis points worse than the prior-year quarter. Net margin was 2.5%, 200 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $132.0 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $567.2 million. The average EPS estimate is $0.95.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chefs' Warehouse is buy, with an average price target of $18.75.

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