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Peter Mokhlis Saleh

Research Analyst at BTIG LLC

New Jersey, United States

Peter Mokhlis Saleh is Managing Director and Senior Restaurants and Food Distributors Analyst at BTIG, specializing in comprehensive coverage of the U.S. restaurant sector including leading names such as McDonald's and Starbucks. Noted for delivering well-regarded analysis, Saleh has achieved an average return of 12.1% on his calls with a success rate of 66%, ranking #368 among Wall Street analysts on TipRanks. His career spans more than a decade, including over seven years at Telsey Advisory Group and earlier positions at Nollenberger Capital Partners and Cohen Specialists, before joining BTIG in 2015. Saleh holds a BS in Finance from Rutgers University and an MBA in finance and strategy from Boston University, and carries professional credentials required for equity research in financial services.

Peter Mokhlis Saleh's questions to Chefs' Warehouse (CHEF) leadership

Question · Q3 2025

Peter Mokhlis Saleh inquired about the impact of inflation and beef costs on margins and the go-forward outlook for the beef market. He also asked for an update on the recovery trajectory of the Chefs' Middle East business.

Answer

Chris Pappas, Founder, Chairman, and CEO, and Jim Leddy, CFO, noted elevated protein inflation in Q3, which impacted year-over-year protein margins but resulted in good gross profit dollar growth. They confirmed the Middle East business continues to grow nicely, with expanded capacity and double-digit growth, despite temporary summer impacts.

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