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Mar 25, 2022
Chefs' Warehouse Q1 2022 Earnings Report
The Chefs' Warehouse reported financial results for the first quarter ended March 25, 2022.
Key Takeaways
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.
Net sales increased 82.8% to $512.1 million for the first quarter of 2022 from $280.2 million for the first quarter of 2021.
GAAP net income was $1.4 million, or $0.04 per diluted share, for the first quarter of 2022 compared to net loss of $17.9 million, or $(0.49) per diluted share, in the first quarter of 2021.
Adjusted net income per share was $0.10 for the first quarter of 2022 compared to $(0.50) for the first quarter of 2021.
Adjusted EBITDA was $21.5 million for the first quarter of 2022 compared to negative adjusted EBITDA of $(9.5) million for the first quarter of 2021.
Forward Guidance
The company provides financial guidance for the full year of 2022.
Positive Outlook
- Estimated Net Sales for the full year of 2022 will be in the range of $2.13 billion to $2.23 billion
- Estimated Gross profit between $500.0 million and $524.0 million
- Estimated Adjusted EBITDA between $103.0 million and $112.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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