Earnings summaries and quarterly performance for Chefs' Warehouse.
Executive leadership at Chefs' Warehouse.
Christopher Pappas
Detailed
Chairman, President and Chief Executive Officer
CEO
AA
Alexandros Aldous
Detailed
General Counsel, Corporate Secretary, Chief Government Relations Officer and Chief Administrative Officer
CP
Christina Polychroni
Detailed
Chief Human Resources Officer
JL
James Leddy
Detailed
Chief Financial Officer
JP
John Pappas
Detailed
Vice Chairman and Chief Operating Officer
Board of directors at Chefs' Warehouse.
Research analysts who have asked questions during Chefs' Warehouse earnings calls.
Kelly Bania
BMO Capital Markets
5 questions for CHEF
Also covers: ACI, ARKO, CASY +11 more
TB
Todd Brooks
The Benchmark Company
5 questions for CHEF
Also covers: BJRI, CBRL, DENN +16 more
AS
Alexander Slagle
Jefferies
4 questions for CHEF
Also covers: BJRI, BLMN, DPZ +10 more
Mark Carden
UBS
4 questions for CHEF
Also covers: ACI, AZO, BJ +8 more
PS
Peter Saleh
BTIG
4 questions for CHEF
Also covers: BYND, DPZ, DRI +13 more
AP
Andrew Paul Wolf
CL King & Associates
3 questions for CHEF
Also covers: BJRI, CBRL, DNUT +9 more
Benjamin Klieve
Lake Street Capital Markets
2 questions for CHEF
Also covers: ANDE, AVD, AVO +10 more
Elle Niebuhr
Lake Street Capital Markets
2 questions for CHEF
Also covers: QNST
AR
Alexander Russell Slagle
Jefferies LLC
1 question for CHEF
Ben Klieve
Lake Street Capital Markets
1 question for CHEF
Also covers: ANDE, AVD, AVO +13 more
Brian Harbour
Morgan Stanley
1 question for CHEF
Also covers: BLMN, BROS, CAKE +21 more
Margaret-May Binshtok
Wolfe Research LLC
1 question for CHEF
Also covers: EAT, WEN
Mark David Carden
UBS Investment Bank
1 question for CHEF
PM
Peter Mokhlis Saleh
BTIG LLC
1 question for CHEF
Recent press releases and 8-K filings for CHEF.
Chefs' Warehouse Announces Preliminary Fiscal Year 2026 Guidance
CHEF
Guidance Update
- The Chefs' Warehouse, Inc. announced its preliminary financial guidance for fiscal year 2026 on January 12, 2026.
- The company forecasts net sales to be between $4.35 billion and $4.45 billion, gross profit between $1.053 billion and $1.076 billion, and adjusted EBITDA between $276 million and $286 million for fiscal year 2026.
- The forecasted full year diluted share count for fiscal year 2026 is between 46.0 and 46.7 million shares, which includes approximately 6.5 million shares that could be issued upon conversion of senior convertible notes.
2 days ago
Chefs' Warehouse Discusses Optimistic 2026 Outlook and Long-Term Growth Targets
CHEF
Guidance Update
New Projects/Investments
M&A
- Chefs' Warehouse reports a healthy core consumer base with strong spending, particularly in celebratory events, and maintains an optimistic outlook for 2026, supported by a diversified customer portfolio.
- The company targets an Adjusted EBITDA margin of 6.5%-7% by fiscal 2028, driven by scaling operations, integrating past acquisitions, and investing in technology and automation.
- Management noted aggregate inflation in the first three quarters of 2025 was approximately 3%, an ideal range for their business, enabling effective price management across their 90,000 SKUs.
- Following a period of integration, Chefs' Warehouse is now "extremely opportunistic" for M&A, with debt leverage potentially dropping below two, providing significant capacity for future acquisitions, and expects to double its business over the next six years.
3 days ago
Chefs' Warehouse Discusses Strong 2026 Outlook, Inflation, and Growth Strategy
CHEF
Guidance Update
New Projects/Investments
M&A
- Chefs' Warehouse reported a very strong fourth quarter of 2025 and remains cautiously optimistic, with healthy customer spending and strong bookings for 2026.
- The company experienced aggregate inflation in the 3% range during the first three quarters of 2025, which is considered ideal for their business, and expects inflation to normalize between 1% and 4%.
- The company aims to achieve an Adjusted EBITDA margin of 6.5%-7% by fiscal 2028, driven by continued development, scaling operations, and investments in technology and automation.
- Chefs' Warehouse sees an addressable market of approximately $50 billion and believes it can double its business over the next six years, while remaining "extremely opportunistic" for M&A opportunities.
3 days ago
Chefs' Warehouse Provides FY 2026 Outlook and Strategic Growth Plans
CHEF
Guidance Update
M&A
New Projects/Investments
- Chefs' Warehouse is cautiously optimistic about the consumer and macro environment for FY 2026, following a strong Q4 2025, with no expected slowdown in their diversified customer base.
- The company reported aggregate inflation in the 3% range for the first three quarters of 2025, which is considered ideal, and anticipates a normal range of 1%-4% for FY 2026.
- Management aims to achieve 6.5%-7% Adjusted EBITDA margin by fiscal 2028 and believes the business can double over the next six years, driven by continued development of their model, scaling operations, and tactical initiatives.
- After a period of significant M&A, the company paused to integrate acquisitions and grow organically, but remains opportunistic for future acquisitions, supported by improved debt leverage and "dry powder".
3 days ago
Chefs' Warehouse Announces Preliminary Fiscal Year 2026 Guidance
CHEF
Guidance Update
Earnings
- The Chefs’ Warehouse, Inc. announced its preliminary financial outlook for fiscal year 2026 on January 12, 2026.
- The company forecasts net sales for fiscal year 2026 to be in the range of $4.35 billion and $4.45 billion.
- Gross profit is expected to be between $1.053 billion and $1.076 billion for fiscal year 2026.
- Adjusted EBITDA for fiscal year 2026 is projected to be between $276 million and $286 million.
- The full year diluted share count is forecasted to be between 46.0 million and 46.7 million shares.
4 days ago
Chefs' Warehouse Discusses Resilient Demand, Growth Strategy, and Financial Outlook
CHEF
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- Chefs' Warehouse observes accelerating demand in the upscale dining market, noting its resilience compared to other foodservice sectors.
- The company is driving market share through its specialized focus, strategic "fold-in" acquisitions, and significant investments in facilities, salesforce training, and technology.
- Key growth markets include Florida, Texas, Southern and Northern California, and the Middle East, with plans for further expansion in the U.S. South to achieve national distribution.
- Management anticipates stable demand and EBITDA margin tailwinds over the next 12 months, driven by operating leverage from prior investments, while maintaining a flexible capital allocation strategy that includes opportunistic share buybacks.
Dec 2, 2025, 1:45 PM
Chefs' Warehouse Discusses Accelerated Customer Spending and Growth Strategy
CHEF
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- Chefs' Warehouse (CHEF) is experiencing accelerated customer spending in the resilient high-end dining market, which has historically performed well through economic cycles, and is currently ahead of its 2028 growth plan on top-line growth.
- The company anticipates EBITDA margin expansion with expected tailwinds over the next 12 months, driven by operating leverage from significant facility investments made in 2022-2023, with OPEX costs from these investments having been lapped in the second half of 2024.
- Growth is fueled by market share gains, strategic acquisitions, and investments in infrastructure and a highly trained salesforce, with key markets like Florida and Texas showing strong potential for significant expansion.
- CHEF maintains net debt leverage at the lower end of its defined range and plans opportunistic debt paydowns and share buybacks, while also seeking to expand into new markets such as the Carolinas and Georgia to become a complete national distributor.
Dec 2, 2025, 1:45 PM
Chefs' Warehouse Reports Accelerated Demand and Strategic Growth Initiatives
CHEF
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- CEO Chris Pappas noted an acceleration in customer spending and expects stable demand for the next 12 months, highlighting the resilience of the upscale dining market.
- The company is driving high organic growth through investments in infrastructure, salesforce training, and leveraging post-COVID M&A integrations. They see significant growth potential in markets like Florida and Texas, with Texas projected to be a top-three market in five years.
- CFO James Leddy indicated that EBITDA margins are expected to expand due to operating leverage from prior investments, particularly after lapping significant facility investment costs in the second half of 2024.
- Chefs' Warehouse maintains a flexible capital allocation model, aiming to moderately pay down debt and opportunistically buy back shares, with net debt leverage at the lower end of their target range. They are now more selective with M&A, focusing on "fold-ins" to existing capacity and exploring new markets like the Carolinas and Georgia.
- The company is utilizing AI for procurement, pricing optimization, and enhancing its digital platform to better understand customer behavior and empower sales representatives.
Dec 2, 2025, 1:45 PM
Chefs' Warehouse Reports Strong Q3 2025 Results and Raises Full-Year Guidance
CHEF
Earnings
Guidance Update
M&A
- The Chefs' Warehouse reported Q3 2025 net sales of $1.021 billion, an increase of 9.6% year-over-year, with gross profit rising 10% to $247.2 million.
- For Q3 2025, GAAP net income was $19.1 million ($0.44 per diluted share), and adjusted EBITDA reached $65.1 million.
- The company updated and raised its full-year 2025 guidance, projecting net sales between $4.085 billion and $4.115 billion, gross profit between $987 million and $995 million, and adjusted EBITDA between $247 million and $253 million.
- Business and demand trends improved sequentially through the third quarter and continued into October, with operational highlights including 7.7% growth in specialty sales and approximately 5.8% unique customer growth (excluding certain impacts).
- Subsequent to the close of the fiscal third quarter, The Chefs' Warehouse completed the acquisition of Italco Food Products, a small specialty food and ingredient distributor in Denver, Colorado.
Oct 29, 2025, 12:30 PM
The Chefs' Warehouse Reports Strong Q3 2025 Results and Raises Full-Year Guidance
CHEF
Earnings
Guidance Update
M&A
- The Chefs' Warehouse reported strong third quarter 2025 results, with net sales increasing 9.6% to $1.021 billion and adjusted EBITDA growing to $65.1 million from $54.5 million in the prior year quarter. GAAP net income was $19.1 million, or $0.44 per diluted share, while adjusted net income was $21.5 million, or $0.50 per diluted share.
- The company raised its full-year 2025 financial guidance, now estimating net sales between $4.085 billion and $4.115 billion, gross profit between $987 million and $995 million, and adjusted EBITDA between $247 million and $253 million.
- Business and demand trends improved sequentially through Q3 2025 and continued into October, driven by 9.6% net sales growth, 7.7% specialty sales growth, and 5.4% specialty case growth (excluding the Texas Produce Processing and Packaging Program).
- Subsequent to the quarter's close on October 1, 2025, The Chefs' Warehouse acquired Italco Food Products, a small specialty food distributor in Denver, Colorado. The company also noted continued strong growth in its Middle East business and positive momentum from organic investments in key markets.
Oct 29, 2025, 12:30 PM
Quarterly earnings call transcripts for Chefs' Warehouse.
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