other material
confidence high
sentiment positive
materiality 0.70
Chefs' Warehouse updates FY2023 guidance; Q1 Adj. EBITDA rises to $32.2M
Chefs' Warehouse, Inc.
- FY2023 net sales guidance $3.20B-$3.30B; gross profit $768M-$792M; Adj. EBITDA $199M-$207M.
- Q1 2023 (13 weeks ended 3/31/23) net income $1.4M; Adj. EBITDA $32.2M vs $21.5M YoY.
- Guidance reflects recent acquisitions and current business trends.
- Adj. EBITDA reconciliation includes non-cash stock comp $5.3M and duplicate rent $1.6M.