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Sep 23, 2022
Chefs' Warehouse Q3 2022 Earnings Report
Reported financial results for the third quarter ended September 23, 2022.
Key Takeaways
The Chefs' Warehouse reported a strong third quarter with a 36.7% increase in net sales, reaching $661.9 million. GAAP net income increased to $8.3 million, or $0.21 per diluted share, and adjusted EBITDA reached $41.0 million.
Net sales increased 36.7% to $661.9 million compared to Q3 2021.
GAAP net income was $8.3 million, or $0.21 per diluted share, compared to $3.5 million, or $0.09 per diluted share, in Q3 2021.
Adjusted net income per share was $0.41 compared to $0.12 in Q3 2021.
Adjusted EBITDA was $41.0 million compared to $23.4 million in Q3 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 $2.45 billion to $2.55 billion.
- Gross profit to be between $575.0 million and $599.0 million
- Adjusted EBITDA to be between $145.0 million and $155.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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