earnings
confidence high
sentiment positive
materiality 0.75
Chefs' Warehouse Q1 net sales up 82.8% to $512.1M; GAAP EPS $0.04 vs -$0.49
Chefs' Warehouse, Inc.
2022-Q1 EPS reported
$0.04
revenue$512,103,000
- Net sales $512.1M (+82.8% YoY); organic sales up 62.9%; acquisition contribution 19.9%.
- GAAP net income $1.4M ($0.04 diluted EPS) vs net loss $17.9M ($0.49 loss) in prior year.
- Adjusted EBITDA $21.5M vs negative $9.5M; adjusted EPS $0.10 vs $(0.50).
- Gross profit margin expanded 191 bps to 22.9%; SG&A as % of sales improved to 21.5% from 28.6%.
- FY 2022 guidance: net sales $2.13B-2.23B; gross profit $500M-524M; adjusted EBITDA $103M-112M.