Chefs' Warehouse Q2 revenue up 36% to $882M; GAAP EPS falls to $0.25 from $0.42

Chefs' Warehouse, Inc.

2023-Q2 EPS reported $0.29 revenue$1,601,465,000

Net sales $881.8M (+36.1% YoY); organic growth +8.1%, acquisitions contributed 28.0%.
GAAP net income $9.9M ($0.25 diluted EPS) vs $16.9M ($0.42) in Q2 2022.
Adjusted EBITDA $51.1M vs $45.3M; adjusted net income $14.4M ($0.35 EPS) vs $20.9M ($0.51).
Gross margin fell 43 bps to 23.6%; SG&A as % of sales rose to 20.3% from 19.2%.
FY23 guidance: net sales $3.25-3.35B, gross profit $774-797M, adjusted EBITDA $199-207M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Chefs' Warehouse, Inc. reported full year 2023 results: revenue $3.25 billion to $3.35 billion. Guidance initiated.

Period: full year 2023
Revenue: $3.25 billion to $3.35 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 $3.25 billion to $3.35 billion;

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Chefs' Warehouse, Inc. reported second quarter ended June 30, 2023 results: revenue $881.8 million, net income $9.9 million, EPS $0.25 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $881.8 million
Net income: $9.9 million
EPS: $0.25 per diluted share
Result: reported results

Exact text from the filing

Financial highlights for the second quarter of 2023: • Net sales increased 36.1% to $881.8 million for the second quarter of 2023 from $648.1 million for the second quarter of 2022. • GAAP net income was $9.9 million, or $0.25 per diluted share, for the second quarter of 2023 compared to $16.9 million, or $0.42 per diluted share, in the second quarter of 2022.

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Chefs' Warehouse, Inc. filing history →

Source: SEC EDGAR

accession 0001517175-23-000012

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