secwatch.observer — SEC 8-K summary
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Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001517175-23-000001
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chefs' Warehouse Q4 sales +41.8% to $791.3M; adj EPS $0.48 vs $0.26 YoY; guides FY2023 sales $2.85-2.95B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000151717523000001/0001517175-23-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000151717523000001/chef-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001517175-23-000001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer