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Mar 28, 2025
Chefs' Warehouse Q1 2025 Earnings Report
reported financial results for its first quarter ended March 28, 2025
Key Takeaways
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.
Net sales increased by 8.7% to $950.7 million in Q1 2025.
GAAP net income rose significantly to $10.3 million in Q1 2025 from $1.9 million in Q1 2024.
Adjusted net income per share was $0.25 in Q1 2025, up from $0.15 in Q1 2024.
Gross profit increased by 7.9% to $226.0 million in Q1 2025.
Forward Guidance
For the full fiscal year 2025, the company is providing guidance for net sales 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.
Positive Outlook
- Anticipated full-year net sales between $3.96 billion and $4.04 billion.
- Expected full-year gross profit between $954 million and $976 million.
- Forecasted full-year adjusted EBITDA between $234 million and $246 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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