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Jun 24, 2022
Chefs' Warehouse Q2 2022 Earnings Report
Reported financial results for the second quarter ended June 24, 2022.
Key Takeaways
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.
Net sales increased 53.2% to $648.1 million compared to Q2 2021.
GAAP net income was $16.9 million, or $0.42 per diluted share, compared to $1.1 million, or $0.03 per diluted share, in Q2 2021.
Adjusted net income per share was $0.51 compared to $0.04 in Q2 2021.
Adjusted EBITDA was $45.3 million compared to $17.2 million in Q2 2021.
Forward Guidance
The Company is updating and raising its full year financial guidance.
Positive Outlook
- Net Sales for the full year of 2022 will be in the range of $2.375 billion to $2.475 billion
- Gross Profit to be between $553.0 million and $576.0 million
- Adjusted EBITDA to be between $135.0 million and $145.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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