secwatch.observer — SEC 8-K summary
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Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001517175-23-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000151717523000009/0001517175-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000151717523000009/chef-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001517175-23-000009

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