Chefs' Warehouse Q1 net sales +21.5% to $874.5M; adj. EPS $0.15 vs $0.12

Chefs' Warehouse, Inc.

2024-Q1 EPS reported $0.05 revenue$874,488,000

GAAP net income $1.9M ($0.05 diluted EPS) vs $1.4M ($0.04) a year ago.
Adjusted EBITDA $40.2M vs $32.8M; adjusted net income per share $0.15 vs $0.12.
Gross profit margin expanded 37 bps to 23.9%; organic case count +4.6% in specialty.
FY2024 guidance: net sales $3.64B-$3.785B, adj. EBITDA $207M-$219M.
Interest expense rose $3.2M to $13.2M on higher debt and variable rates.

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 0.9

Chefs' Warehouse, Inc. reported first quarter ended March 29, 2024 results: revenue $874.5 million, net income $1.9 million, EPS $0.05 per diluted share. Guidance initiated.

Period: first quarter ended March 29, 2024
Revenue: $874.5 million
Net income: $1.9 million
EPS: $0.05 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

East, and Canada, today reported financial results for its first quarter ended March 29, 2024. Financial highlights for the first quarter of 2024: • Net sales increased 21.5% to $874.5 million for the first quarter of 2024 from $719.6 million for the first quarter of 2023. • GAAP net income was $1.9 million, or $0.05 per diluted share, for the first quarter of 2024

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chefs' Warehouse, Inc. reported fiscal 2024 full year results: revenue $3.640 billion to $3.785 billion. Guidance initiated.

Period: fiscal 2024 full year
Revenue: $3.640 billion to $3.785 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

We are providing fiscal 2024 full year financial guidance as follows: • Net sales in the range of $3.640 billion to $3.785 billion, • Gross profit to be between $867.0 million and $902.0 million and • Adjusted EBITDA to be between $207.0 million and $219.0 million.

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Source: SEC EDGAR

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