Chefs' Warehouse Earnings Reports

The Chefs' Warehouse delivered a strong third quarter in 2025, with net sales increasing by 9.6% to $1.02 billion and GAAP net income rising to $19.1 million. The company also saw significant growth in adjusted EBITDA and adjusted net income per share, driven by improved business trends, market share gains, and increased unique item placements.

The Chefs' Warehouse demonstrated robust performance in Q2 2025, with net sales climbing 8.4% to $1.0349 billion and GAAP net income rising to $21.2 million. The company saw improved profitability across its network, driven by strong unit volume and unique item placement growth, particularly in its specialty category.

The Chefs' Warehouse reported a strong start to 2025 with significant increases in net sales, GAAP net income, and adjusted net income per share for the first quarter compared to the previous year. Organic case count in the specialty category grew, while center-of-the-plate organic pounds sold saw a slight decrease. Gross profit and operating income also improved, driven by increased sales and price inflation.

The Chefs' Warehouse reported an 8.7% increase in net sales to $1,033.6 million for Q4 2024, with GAAP net income rising to $23.9 million, or $0.55 per diluted share. The company experienced growth in organic case count, unique customer placements, and pounds sold in the center-of-the-plate category. Adjusted EBITDA also increased to $68.2 million.

The Chefs' Warehouse reported an 8.3% increase in net sales to $954.7 million for the second quarter of 2024, driven by organic sales growth and acquisitions. GAAP net income rose to $15.5 million, or $0.37 per diluted share, compared to $9.9 million, or $0.25 per diluted share, in the same quarter of the previous year. Adjusted EBITDA increased to $56.2 million, reflecting strong customer demand and effective pricing strategies.

The Chefs' Warehouse reported a 21.5% increase in net sales to $874.5 million for the first quarter of 2024. GAAP net income rose to $1.9 million, or $0.05 per diluted share, compared to $1.4 million, or $0.04 per diluted share, in the first quarter of 2023. Adjusted EBITDA increased to $40.2 million from $32.8 million year-over-year.

The Chefs' Warehouse reported a 20.1% increase in net sales to $950.5 million for Q4 2023. GAAP net income was $16.0 million, or $0.38 per diluted share, compared to $1.2 million, or $0.03 per diluted share, in Q4 2022. Adjusted EBITDA was $59.0 million, compared to $50.1 million for the same period last year.

The Chefs' Warehouse reported a 36.1% increase in net sales to $881.8 million for the second quarter of 2023. GAAP net income was $9.9 million, or $0.25 per diluted share, while adjusted net income per share was $0.35. Adjusted EBITDA was $51.1 million for the quarter.

The Chefs' Warehouse reported a 40.5% increase in net sales to $719.6 million for the first quarter of 2023. GAAP net income remained consistent at $1.4 million, or $0.04 per diluted share. Adjusted EBITDA increased to $32.8 million, and adjusted net income per share rose to $0.12.

The Chefs' Warehouse reported a strong fourth quarter with net sales increasing by 41.8% to $791.3 million. Adjusted net income per share was $0.48, compared to $0.26 in the prior year. The company's performance was driven by continued recovery in celebrations and event-related business, as well as the team's ability to overcome challenging weather conditions.

The Chefs' Warehouse reported a strong third quarter with a 36.7% increase in net sales, reaching $661.9 million. GAAP net income increased to $8.3 million, or $0.21 per diluted share, and adjusted EBITDA reached $41.0 million.

The Chefs' Warehouse reported a strong second quarter in 2022, with net sales increasing by 53.2% to $648.1 million. GAAP net income was $16.9 million, or $0.42 per diluted share, and adjusted net income per share was $0.51. Adjusted EBITDA was $45.3 million.

The Chefs' Warehouse reported net sales increased by 82.8% to $512.1 million. GAAP net income was $1.4 million, or $0.04 per diluted share, and adjusted net income per share was $0.10. Adjusted EBITDA was $21.5 million for the first quarter of 2022.

The Chefs' Warehouse reported a significant increase in net sales for the fourth quarter of 2021, driven by organic growth and acquisitions. The company's GAAP net income and adjusted EPS improved compared to the previous year, and adjusted EBITDA turned positive. The company provided financial guidance for fiscal year 2022.

The Chefs' Warehouse reported strong third-quarter results with net sales increasing by 90.7% to $484.3 million compared to the third quarter of 2020. GAAP net income was $3.5 million, or $0.09 per diluted share, compared to a net loss of $11.4 million, or $(0.31) per diluted share, in the same period last year. Adjusted EPS was $0.12, and Adjusted EBITDA was $23.4 million, marking a significant improvement from the previous year.

The Chefs' Warehouse reported a significant increase in net sales for the second quarter of 2021, driven by organic growth and acquisitions. The company returned to profitability with a net income of $1.1 million, compared to a net loss in the same quarter of the previous year. Adjusted EPS was $0.04, and adjusted EBITDA was $17.2 million.

The Chefs' Warehouse reported a 25.4% decrease in net sales to $280.2 million for the first quarter of 2021. The company experienced a GAAP net loss of $17.9 million, or $(0.49) per diluted share, and an adjusted EPS of $(0.50).

The Chefs' Warehouse reported a decrease in net sales by 34.0% to $281.7 million for Q4 2020 compared to $426.5 million for Q4 2019. The company experienced a GAAP net loss of $37.1 million, or $(1.02) per diluted share, compared to a net income of $10.9 million, or $0.36 per diluted share, in the same quarter of the previous year. Adjusted EPS was $(0.52) compared to $0.39 in the prior year. The company had $193.6 million in cash and cash equivalents as of February 5, 2021.

The Chefs' Warehouse reported a 36.0% decrease in net sales to $254.0 million for the third quarter of 2020, compared to $396.9 million for the third quarter of 2019. The company experienced a GAAP net loss of $11.4 million, or $(0.31) per diluted share, compared to a net income of $4.4 million, or $0.15 per diluted share, in the third quarter of 2019. Adjusted EPS was $(0.38) compared to $0.23 for the same period last year. Despite these challenges, sequential quarter sales grew by 26.7% or $53.5 million, and the company maintained a strong liquidity position with approximately $193.0 million in cash and cash equivalents.

The Chefs' Warehouse reported a challenging second quarter with net sales decreasing by 51.3% to $200.5 million compared to the previous year. The company experienced a GAAP net loss of $20.3 million, or $(0.57) per diluted share, and an adjusted EPS of $(0.52).

The Chefs' Warehouse reported a 5.2% increase in net sales for the first quarter of 2020, reaching $375.4 million. However, the company experienced a GAAP net loss of $14.1 million, or $(0.48) per diluted share, and an adjusted EPS of $(0.60). The results were impacted by the COVID-19 pandemic, which led to government-mandated shutdowns and increased operating expenses.

The Chefs' Warehouse reported an 8.2% increase in net sales, reaching $426.5 million, and a GAAP net income of $10.9 million, or $0.36 per diluted share, for the fourth quarter of 2019. The company's performance was driven by solid revenue growth and a healthy consumer demand environment.