secwatch.observer — SEC 8-K summary
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Issuer:     Chefs' Warehouse, Inc. (CHEF)
CIK:        0001517175
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001517175-23-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517175/000151717523000012/0001517175-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517175/000151717523000012/chef-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001517175-23-000012

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