Chefs' Warehouse Q2 net sales +53.2% to $648.1M; raises FY2022 guidance

Chefs' Warehouse, Inc.

2022-Q2 EPS reported $0.47 revenue$1,160,207,000

GAAP net income $16.9M ($0.42 diluted EPS) vs $1.1M ($0.03) in Q2 2021.
Adjusted EPS $0.51; adjusted EBITDA $45.3M vs $17.2M a year ago.
Organic sales +36.0%; acquisitions added 17.2%; specialty case count +34.8%.
Full-year guidance raised: net sales $2.375B-$2.475B; adj. EBITDA $135M-$145M.
Gross margin up 140 bps to 24.1% driven by center-of-the-plate margin +230 bps.

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