Chef’s Warehouse Inc. CHEF, +5.13% shares rose 3.6% in Wednesday premarket trading after it raised its full-year guidance.
The North American specialty foods provider expects sales in the range of $2.325 billion to $2.425 billion, up from a range of $2.13 billion to $2.23 billion previously. The FactSet consensus is for sales of $2.243 billion. Chef’s Warehouse stock has edged down 1.1% for the year to date while the benchmark S&P 500 index SPX, -0.13% has slumped 21% for the period.