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Dec 30, 2022
Chefs' Warehouse Q4 2022 Earnings Report
The company reported a net sales increase of 41.8% and an adjusted net income per share of $0.48.
Key Takeaways
The Chefs' Warehouse reported a strong fourth quarter with net sales increasing by 41.8% to $791.3 million. Adjusted net income per share was $0.48, compared to $0.26 in the prior year. The company's performance was driven by continued recovery in celebrations and event-related business, as well as the team's ability to overcome challenging weather conditions.
Net sales increased 41.8% to $791.3 million compared to Q4 2021.
GAAP net income was $1.2 million, or $0.03 per diluted share.
Adjusted net income per share was $0.48 compared to $0.26 in the prior year.
Adjusted EBITDA was $50.1 million compared to $30.2 million in the prior year.
Forward Guidance
The Company provided full year financial guidance for 2023.
Positive Outlook
- Estimated net sales for the full year of 2023 will be in the range of $2.85 billion to $2.95 billion.
- Gross profit to be between $684.0 million and $708.0 million
- Adjusted EBITDA to be between $180.0 million and $190.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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