earnings
confidence high
sentiment positive
materiality 0.75
Chefs' Warehouse Q4 net sales up 20.1% to $950.5M; guides FY24
Chefs' Warehouse, Inc.
2023-FY EPS reported
$0.88
revenue$3,433,763,000
- Q4 GAAP net income $16.0M ($0.38 diluted EPS) vs $1.2M ($0.03) a year ago; adjusted EPS $0.47 vs $0.46.
- Net sales $950.5M (+20.1% reported; +29.3% on a 13-week comparable basis).
- Organic sales +11.3%; acquisitions contributed 18.0% to sales growth.
- Adjusted EBITDA $59.0M vs $50.1M in Q4 2022.
- FY2024 guidance: net sales $3.625B-$3.775B; gross profit $865M-$900M; Adjusted EBITDA $205M-$218M.