Why Chefs' Warehouse Stock Dropped on Wednesday
The Chefs' Warehouse(CHEF) The Motley Fool·2024-05-02 19:57
This quarter's earnings update contained some good news for investors.Chefs' Warehouse (CHEF 5.56%) stock was strong on Wednesday as shares jumped 6% by early afternoon trading. That's compared to a modest decline in the S&P 500. The rally added to a great run for the specialty foods distributor's stock. Shares are up 19% so far in 2024, beating the wider market's 5% uptick.Wednesday's gains were sparked by management's first-quarter update, which was stuffed with good news about the business's operating tr ...