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What: Shares of The Chefs Warehouse (NASDAQ:CHEF) were getting cut up today, falling as much as 10% after the company provided disappointing guidance in its earnings report.

So what: The food-products seller actually beat estimates in the quarter gone by with a per-share profit as sales jumped 35.6% to $193.4 million, and earnings per share of $0.22 topped expectations of $0.20. CEO Chris Pappas called 2013 a year of "significant growth" for the company, and said the acquisition of Allen Brothers would help the company grow in 2014 and beyond. 

Now what: Revenue guidance for 2014 was solid as sales expectations of $810 to $840 million were in line with the consensus at $820.4 million, but the bottom line came up short. Chefs Warehouse expects a full-year-adjusted EPS of $0.70-$0.80 against estimates of $0.87. Considering the company posted adjusted EPS of $0.81 in 2013, profits are moving in the wrong direction, but that seems to be the result of costs relating to integrating Allen Brothers and other investments in infrastructure. As long as sales are growing at a clip above 20%, I wouldn't be too concerned about the downside EPS guidance. Shares had recovered later in session and were trading down just 4% closer to the bell. 

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