8-K
filed February 15, 2023, 6:59 PM ET
ticker CHEF
CIK 0001517175
earnings
confidence high
sentiment positive
materiality 0.75
Chefs' Warehouse Q4 sales +41.8% to $791.3M; adj EPS $0.48 vs $0.26 YoY; guides FY2023 sales $2.85-2.95B
Chefs' Warehouse, Inc.
2022-FY EPS reported
$0.73
revenue$2,613,399,000
- GAAP net income $1.2M ($0.03 diluted EPS) vs $8.4M ($0.22) prior year; adj net income $0.48/share.
- Organic sales growth 22.7%; acquisitions added 19.1%; extra 14th week contributed ~6% of quarterly sales.
- Adjusted EBITDA $50.1M vs $30.2M YoY; operating income $29.8M (3.8% of sales) vs $15.8M (2.8%) prior year.
- Gross profit margin improved 116 bps to 23.7%; specialty case count +19.1%, center-of-the-plate pounds +15.2%.
- FY2023 guidance: net sales $2.85B-$2.95B; gross profit $684M-$708M; adjusted EBITDA $180M-$190M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Chefs' Warehouse, Inc. reported fourth quarter ended December 30, 2022 results: EPS Adjusted net income per share was $0.48 for the fourth quarter of 2022.
- Period
- fourth quarter ended December 30, 2022
- EPS
- Adjusted net income per share was $0.48 for the fourth quarter of 2022
- Result
- reported results
Exact text from the filing
Net sales increased 41.8% to $791.3 million for the fourth quarter of 2022 from $558.3 million for the fourth quarter of 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Chefs' Warehouse, Inc. reported fourth quarter ended December 30, 2022 results: EPS Adjusted net income per share was $0.48 for the fourth quarter of 2022.
- Period
- fourth quarter ended December 30, 2022
- EPS
- Adjusted net income per share was $0.48 for the fourth quarter of 2022
- Result
- reported results
Exact text from the filing
GAAP net income was $1.2 million, or $0.03 per diluted share, for the fourth quarter of 2022 compared to $8.4 million, or $0.22 per diluted share, in the fourth quarter of 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Chefs' Warehouse, Inc. reported fourth quarter ended December 30, 2022 results: EPS Adjusted net income per share was $0.48 for the fourth quarter of 2022.
- Period
- fourth quarter ended December 30, 2022
- EPS
- Adjusted net income per share was $0.48 for the fourth quarter of 2022
- Result
- reported results
Exact text from the filing
Adjusted net income per share 1 was $0.48 for the fourth quarter of 2022 compared to $0.26 for the fourth quarter of 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Chefs' Warehouse, Inc. reported full year 2023 results: revenue $2.85 billion to $2.95 billion. Guidance initiated.
- Period
- full year 2023
- Revenue
- $2.85 billion to $2.95 billion
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Estimated net sales for the full year of 2023 will be in the range of $2.85 billion to $2.95 billion;
View on SEC.gov
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