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Dec 29, 2023
Chefs' Warehouse Q4 2023 Earnings Report
The Chefs' Warehouse experienced sales growth and margin improvement in Q4 2023.
Key Takeaways
The Chefs' Warehouse reported a 20.1% increase in net sales to $950.5 million for Q4 2023. GAAP net income was $16.0 million, or $0.38 per diluted share, compared to $1.2 million, or $0.03 per diluted share, in Q4 2022. Adjusted EBITDA was $59.0 million, compared to $50.1 million for the same period last year.
Net sales increased by 20.1% to $950.5 million compared to Q4 2022.
GAAP net income was $16.0 million, or $0.38 per diluted share.
Adjusted net income per share was $0.47 compared to $0.46 in Q4 2022.
Adjusted EBITDA was $59.0 million compared to $50.1 million in Q4 2022.
Forward Guidance
The Company is providing fiscal 2024 full year financial guidance as follows: •Net sales in the range of $3.625 billion to $3.775 billion, •Gross profit to be between $865.0 million and $900.0 million and •Adjusted EBITDA to be between $205.0 million and $218.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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