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Dec 24, 2021
Chefs' Warehouse Q4 2021 Earnings Report
Reported strong financial results driven by increased net sales and improved profitability.
Key Takeaways
The Chefs' Warehouse reported a significant increase in net sales for the fourth quarter of 2021, driven by organic growth and acquisitions. The company's GAAP net income and adjusted EPS improved compared to the previous year, and adjusted EBITDA turned positive. The company provided financial guidance for fiscal year 2022.
Net sales increased by 98.2% to $558.3 million compared to Q4 2020.
GAAP net income was $8.4 million, or $0.22 per diluted share, compared to a net loss of $37.1 million in Q4 2020.
Adjusted EPS was $0.26 compared to $(0.52) in Q4 2020.
Adjusted EBITDA was $30.2 million compared to negative adjusted EBITDA of $(10.5) million in Q4 2020.
Forward Guidance
The Company is providing financial guidance for fiscal year 2022.
Positive Outlook
- Net sales between $2.1 billion and $2.2 billion
- Gross profit between $494 million and $517 million
- Adjusted EBITDA between $99 million and $111 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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