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Jun 30, 2023
Chefs' Warehouse Q2 2023 Earnings Report
Reported financial results for the second quarter ended June 30, 2023.
Key Takeaways
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.
Net sales increased 36.1% to $881.8 million compared to the second quarter of 2022.
GAAP net income was $9.9 million, or $0.25 per diluted share, compared to $16.9 million, or $0.42 per diluted share, in the second quarter of 2022.
Adjusted net income per share was $0.35 compared to $0.51 for the second quarter of 2022.
Adjusted EBITDA was $51.1 million compared to $45.3 million for the second quarter of 2022.
Forward Guidance
The Company provides full year financial guidance as follows: Estimated net sales for the full year of 2023 will be in the range of $3.25 billion to $3.35 billion; Gross profit to be between $774.0 million and $797.0 million and Adjusted EBITDA to be between $199.0 million and $207.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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