Lester Owens
On March 4, 2024, the Board of Directors (the “Board”) of The Chefs’ Warehouse, Inc. (the “Company”) appointed Lester Owens, Richard N. Peretz and Wendy M. Weinstein as directors of the Company, effective as of March 4, 2024
Highest-materiality recent filing
Chefs' Warehouse Q2 net sales up 12.9% to $1.17B; adjusted EPS $0.78 vs $0.52
Net sales $1.17B (+12.9% YoY); GAAP EPS $0.76 vs $0.49; adjusted EPS $0.78 vs $0.52.
Chefs' Warehouse Q1 net sales up 11.4% to $1.06B; EPS $0.40 vs $0.25
GAAP net income $17.4M ($0.40 diluted EPS) vs $10.3M ($0.25) in Q1 2025.
Chefs' Warehouse Q4 2025 revenue $1.14B (+10.5%), adj. EPS $0.68 vs $0.55
Net sales rose 10.5% to $1.14B; organic sales grew 9.7%; specialty case count up 3.3%.
Chefs' Warehouse issues FY2026 guidance: net sales $4.35-4.45B, adj. EBITDA $276-286M
Net sales guidance $4.35B-$4.45B; gross profit $1.053B-$1.076B.
Chefs' Warehouse Q3 net sales up 9.6% to $1.02B; raises FY 2025 guidance
GAAP EPS $0.44 vs $0.34; adjusted EPS $0.50 vs $0.36; adjusted EBITDA $65.1M vs $54.5M.
Chefs' Warehouse Q2 net sales up 8.4% to $1,035M; EPS $0.49 vs $0.37
GAAP net income $21.2M ($0.49 diluted EPS); adjusted EPS $0.52 vs $0.40 prior year.
Chefs' Warehouse reprices $253.5M term loan B; margin reduced 50 bps
Interest rate on term loan B reduced from SOFR+350 bps to SOFR+300 bps; ABR margin cut to 200 bps from 250 bps.
Chefs' Warehouse director Richard Peretz fails to win majority vote, tenders resignation
Richard N. Peretz received 15,655,379 for vs 16,193,133 against; failed to achieve majority.
Chefs' Warehouse Q1 beats: EPS $0.25 vs $0.05 YoY; sales up 8.7% to $950.7M
GAAP net income $10.3M ($0.25/diluted) vs $1.9M ($0.05) YoY; adjusted EPS also $0.25.
Chefs' Warehouse Q4 revenue up 8.7% to $1.03B; EPS $0.55 vs $0.38
Q4 net sales $1,033.6M (+8.7% YoY); GAAP EPS $0.55 vs $0.38.
Chefs' Warehouse Q3 adjusted EPS $0.36, revenue $931.5M; guides FY EBITDA $210-219M
GAAP net income $14.1M ($0.34 diluted EPS) vs $7.3M ($0.19) YoY; adjusted EPS $0.36 vs $0.33.
Chefs' Warehouse Q2 net sales up 8.3% to $954.7M; adjusted EPS $0.40 vs $0.35 YoY
GAAP net income $15.5M ($0.37/diluted) vs $9.9M ($0.25) in Q2 2023.
Chefs' Warehouse Q1 net sales +21.5% to $874.5M; adj. EPS $0.15 vs $0.12
GAAP net income $1.9M ($0.05 diluted EPS) vs $1.4M ($0.04) a year ago.
Chefs' Warehouse reprices term loan B, reduces margin by 75 bps to SOFR+400
Entered Eleventh Amendment to senior secured term loan credit agreement on March 18, 2024.
Chefs' Warehouse reaches cooperation deal with Legion Partners; adds 3 directors, reduces board by 5
Legion Partners beneficially owns ~3.3% of CHEF (1,328,214 shares); board expanded to 14, then reduced to 9 by 2025.
Chefs' Warehouse Q4 net sales up 20.1% to $950.5M; guides FY24
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.
Chefs' Warehouse authorizes $100M share repurchase program over two years
Board authorized up to $100M in share repurchases, effective through November 2025.
Chefs' Warehouse Q3 net sales +33% to $881.8M; adjusted EPS $0.33 vs $0.41
Net sales $881.8M, up 33.2% YoY; organic sales up 7.1%.
Chefs' Warehouse Q2 revenue up 36% to $882M; GAAP EPS falls to $0.25 from $0.42
Net sales $881.8M (+36.1% YoY); organic growth +8.1%, acquisitions contributed 28.0%.
Chefs' Warehouse Q1 net sales up 40.5% to $719.6M; guides FY23 sales $3.20-3.30B
GAAP net income $1.4M ($0.04 diluted EPS); adjusted EPS $0.12 vs $0.10 prior year.
Chefs' Warehouse updates FY2023 guidance; Q1 Adj. EBITDA rises to $32.2M
FY2023 net sales guidance $3.20B-$3.30B; gross profit $768M-$792M; Adj. EBITDA $199M-$207M.
GAAP net income $1.2M ($0.03 diluted EPS) vs $8.4M ($0.22) prior year; adj net income $0.48/share.
Chefs' Warehouse issues FY2023 guidance: net sales $2.85-$2.95B, Adj. EBITDA $180-$190M
Net sales expected between $2.85B and $2.95B for fiscal year 2023.
Chefs' Warehouse issues $287.5M convertible notes; exchanges $158.4M of existing notes
Issued $287.5M of 2.375% convertible senior notes due 2028; net proceeds ~$279.7M.
Offering of $250M aggregate principal amount of convertible senior notes due 2028; initial purchasers option for additional $37.5M.
Chefs' Warehouse acquires Chef Middle East; raises FY2022 guidance
Acquired Chef Middle East (CME) from Gulf Capital; CME operates in UAE, Qatar, Oman.
Chefs' Warehouse Q3 net sales +36.7% to $661.9M; raises full-year guidance
GAAP net income $8.3M ($0.21 diluted EPS) vs $3.5M ($0.09) a year ago; adjusted EPS $0.41 vs $0.12
Chefs' Warehouse Q2 net sales +53.2% to $648.1M; raises FY2022 guidance
GAAP net income $16.9M ($0.42 diluted EPS) vs $1.1M ($0.03) in Q2 2021.
Chefs' Warehouse raises FY 2022 guidance: net sales $2.325B-$2.425B, adjusted EBITDA $130M-$140M
Net sales guidance raised to $2.325B-$2.425B from prior $2.13B-$2.23B.
Chefs' Warehouse Q1 net sales up 82.8% to $512.1M; GAAP EPS $0.04 vs -$0.49
Net sales $512.1M (+82.8% YoY); organic sales up 62.9%; acquisition contribution 19.9%.
Chefs' Warehouse extends ABL credit facility maturity to 2027, increases commitments to $200M
Third Amendment extends maturity from June 2023 to March 2027 with springing conditions tied to convertible notes and term loan.
Chefs' Warehouse Q4 net sales double to $558M; swings to profit, guides FY2022 $2.1-2.2B
Net sales $558.3M (+98.2% YoY); GAAP net income $8.4M ($0.22 diluted) vs loss of $37.1M a year ago.
Chefs' Warehouse provides preliminary FY 2022 guidance: sales $2.1B-$2.2B
Net sales expected between $2.1 billion and $2.2 billion for fiscal 2022.
Chefs' Warehouse Q3 net sales up 90.7% to $484.3M; GAAP EPS $0.09 vs $(0.31)
Net sales $484.3M, up 90.7% YoY; organic sales growth 84.2%.
On March 4, 2024, the Board of Directors (the “Board”) of The Chefs’ Warehouse, Inc. (the “Company”) appointed Lester Owens, Richard N. Peretz and Wendy M. Weinstein as directors of the Company, effective as of March 4, 2024
On March 4, 2024, the Board of Directors (the “Board”) of The Chefs’ Warehouse, Inc. (the “Company”) appointed Lester Owens, Richard N. Peretz and Wendy M. Weinstein as directors of the Company, effective as of March 4, 2024
On March 4, 2024, the Board of Directors (the “Board”) of The Chefs’ Warehouse, Inc. (the “Company”) appointed Lester Owens, Richard N. Peretz and Wendy M. Weinstein as directors of the Company, effective as of March 4, 2024
On February 12, 2024, the Board of Directors (the “Board”) of The Chefs’ Warehouse, Inc. (the “Company”) elected Debra Walton-Ruskin as a director of the Company, effective as of February 14, 2024
On February 24, 2022, the Board appointed John Pappas to the position of Chief Operating Officer of the Company.
On July 27, 2021, Patricia Lecouras announced her retirement as Chief Human Resources Officer of The Chefs’ Warehouse, Inc. (the “Company”) effective September 10, 2021.
Max materiality 0.80 · Median 0.62 · Most common event earnings