The Chefs’ Warehouse Inc ( (CHEF) ) has released its Q1 earnings. Here is a breakdown of the information The Chefs’ Warehouse Inc presented to its investors.
The Chefs’ Warehouse, Inc. is a leading distributor of specialty food products serving chefs and culinary professionals across the United States, the Middle East, and Canada. The company caters to independent restaurants, fine dining establishments, and other gourmet food providers, offering a diverse range of over 88,000 products.
In its first quarter of 2025, The Chefs’ Warehouse reported an 8.7% increase in net sales, reaching $950.7 million compared to the previous year. The company’s net income saw a significant rise to $10.3 million, or $0.25 per diluted share, up from $1.9 million, or $0.05 per diluted share, in the same quarter of 2024. This growth was attributed to increased sales and price inflation, despite a slight decrease in gross profit margins.
Key financial metrics for the quarter included an adjusted EBITDA of $47.5 million, up from $40.2 million the previous year. The company also reported a gross profit increase of 7.9% to $226.0 million, driven by sales growth and operational efficiencies. Selling, general, and administrative expenses rose by 6.5%, primarily due to higher compensation and facility costs, yet these expenses decreased as a percentage of net sales.
The Chefs’ Warehouse management expressed confidence in their business model, citing strong growth in unique item placements and solid operating leverage. Looking ahead, the company has set its 2025 financial guidance with net sales projected between $3.96 billion and $4.04 billion, gross profit between $954 million and $976 million, and adjusted EBITDA between $234 million and $246 million, indicating a positive outlook for the remainder of the year.