Chefs' Warehouse Q1 net sales up 40.5% to $719.6M; guides FY23 sales $3.20-3.30B

Chefs' Warehouse, Inc.

2023-Q1 EPS reported $0.04 revenue$719,645,000

GAAP net income $1.4M ($0.04 diluted EPS); adjusted EPS $0.12 vs $0.10 prior year.
Organic sales increased 17.1%; acquisitions contributed 23.4% to total sales growth.
Adjusted EBITDA $32.8M vs $21.5M prior year; gross profit margin improved 64 bps to 23.6%.
FY 2023 guidance: net sales $3.20-3.30B, gross profit $768-792M, adjusted EBITDA $199-207M.
CEO cites strong demand in upscale casual/higher-end segments despite weather disruptions.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Chefs' Warehouse, Inc. reported first quarter ended March 31, 2023 results: revenue $719.6 million, net income $1.4 million, or $0.04 per diluted share, EPS $0.04 per diluted share. Guidance initiated.

Period: first quarter ended March 31, 2023
Revenue: $719.6 million
Net income: $1.4 million, or $0.04 per diluted share
EPS: $0.04 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Net sales increased 40.5% to $719.6 million for the first quarter of 2023 from $512.1 million for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001517175-23-000009

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