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.
Net sales increased by 21.5% to $874.5 million.
GAAP net income was $1.9 million, or $0.05 per diluted share.
Adjusted net income per share was $0.15.
Adjusted EBITDA was $40.2 million.
The company provided fiscal 2024 full year financial guidance with net sales expected to be in the range of $3.640 billion to $3.785 billion, gross profit to be between $867.0 million and $902.0 million and adjusted EBITDA to be between $207.0 million and $219.0 million.
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