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Why The Chefs' Warehouse Stock Jumped on Wednesday

TheMotleyFool

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Why The Chefs' Warehouse Stock Jumped on Wednesday

The Chefs' Warehouse (NASDAQ: CHEF) surprised investors with significant outperformance over analysts' expectations in the second quarter. Sales surged 111% year over year, but the performance on the bottom line was the standout. Adjusted earnings per share came in at $0.04, significantly exceeding the Street's estimate for a loss of $0.32.

The stock was up 13.5% as of 10:48 a.m. EDT on Wednesday. That puts the one-year trailing return at 149%, significantly outperforming restaurant stocks.