Chefs' Warehouse Inc
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Consumer Staples : Food & Staples Retailing | Small Cap Blend
Company profile

The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, Country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada. Its product portfolio consists of imported and domestic specialty food products, such as artisan charcuterie, specialty cheeses, oils and vinegars, truffles, caviar, chocolate and pastry products. The Company also offers a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk and flour.

Price
Delayed
$12.85
Day's Change
-2.72 (-17.47%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.13
Day's Low
12.82
Volume
(Heavy Day)

Today's volume of 846,629 shares is on pace to be much greater than CHEF's 10-day average volume of 541,404 shares.

846,629

Under Armour stock falls after updated restructuring plan includes increased charges

3:48 pm ET September 9, 2020 (MarketWatch)
Print

By Tonya Garcia

Under Armour Inc. (UAA)(UAA) stock fell nearly 3% in Wednesday trading after the athletic company announced an updated restructuring plan that includes higher charges.

"After further review, the Company has identified further opportunities and on September 2, 2020, the Company's Board of Directors approved a $75 million increase to the restructuring plan, resulting in an updated 2020 restructuring plan of approximately $550 million to $600 million of total estimated pre-tax restructuring and related charges," Under Armour said in a corporate filing.

The plan also includes 600 job cuts, which comes with a $30 million charge for benefits and severance. In February, Under Armour announced a plan that had the potential for $325 million to $425 million in pretax charges. That included $225 million to $250 million for an abandoned New York City flagship.

Under Armour says the majority of the charges will be incurred by the end of 2020. By June 30, the company had tallied $340 million in charges.

"Strong buy-rated Under Armour continues to take prudent steps to restructure the business during unprecedented times and position the story for clean, profitable growth in 2021 and beyond," wrote Raymond James analysts in a note.

Under Armour stock has been halved over the year to date, down 50.8%, while the S&P 500 index is up almost 6% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 09, 2020 15:48 ET (19:48 GMT)

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