Chefs' Warehouse Q3 net sales +36.7% to $661.9M; raises full-year guidance

Chefs' Warehouse, Inc.

2022-Q2 EPS reported $0.68 revenue$1,822,063,000

GAAP net income $8.3M ($0.21 diluted EPS) vs $3.5M ($0.09) a year ago; adjusted EPS $0.41 vs $0.12
Adjusted EBITDA $41.0M vs $23.4M; gross margin up 113 bps to 23.8%
Organic sales grew 22.2%; specialty case count +18.3%, center-of-the-plate pounds +11.6%
Full-year 2022 guidance raised: net sales $2.45-2.55B, adjusted EBITDA $145-155M
Estimated inflation of 15.0% in specialty and 2.2% in center-of-the-plate vs prior year

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