Loading...
•
Dec 27, 2024
Chefs' Warehouse Q4 2024 Earnings Report
Chefs' Warehouse reported strong Q4 2024 financial results, achieving a record revenue quarter and demonstrating growth in net sales and profitability.
Key Takeaways
The Chefs' Warehouse reported an 8.7% increase in net sales to $1,033.6 million for Q4 2024, with GAAP net income rising to $23.9 million, or $0.55 per diluted share. The company experienced growth in organic case count, unique customer placements, and pounds sold in the center-of-the-plate category. Adjusted EBITDA also increased to $68.2 million.
Net sales increased by 8.7% to $1,033.6 million compared to Q4 2023.
GAAP net income was $23.9 million, or $0.55 per diluted share, up from $16.0 million, or $0.38 per diluted share, in Q4 2023.
Adjusted net income per share was $0.55, compared to $0.47 in the prior year.
Adjusted EBITDA increased to $68.2 million from $59.0 million in Q4 2023.
Forward Guidance
The company provided fiscal year 2025 financial guidance.
Positive Outlook
- Net sales are expected to be in the range of $3.94 billion to $4.04 billion.
- Gross profit is projected to be between $951 million and $976 million.
- Adjusted EBITDA is anticipated to be between $233 million and $246 million.
- Company expects continued growth.
- Company expects to maintain profitability.
Challenges Ahead
- Guidance is subject to various economic conditions and market risks.
- Potential impacts from rising costs and supply chain disruptions.
- Risks associated with integrating acquisitions.
- Changes in consumer spending habits could affect performance.
- Competition in the food industry may impact results.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...