The Chefs’ Warehouse Achieves Record Sales in Q4 2024

Diebold Nixdorf Inc ( (DBD) ) has released its Q4 earnings. Here is a breakdown of the information Diebold Nixdorf Inc presented to its investors.

The Chefs’ Warehouse, Inc., a leading distributor of specialty food products serving upscale dining establishments in the U.S., Middle East, and Canada, has reported its financial results for the fourth quarter of 2024. The company achieved record net sales of over $1 billion, marking an 8.7% increase compared to the previous year. Net income rose significantly by 49.4% to $23.9 million, or $0.55 per diluted share, reflecting strong demand from its core customer base.

The company’s gross profit saw a rise of 9.8% to $251 million, attributed to increased sales and price inflation, while gross profit margins improved slightly. Operating income increased by 21.7% to $46.5 million, despite an 8.9% rise in selling, general, and administrative expenses due to higher depreciation and costs associated with growth. The adjusted EBITDA for the quarter stood at $68.2 million, up from $59 million the previous year.

The Chefs’ Warehouse successfully expanded its market share during the quarter, with notable growth in unique item placements and customer acquisitions. This expansion was supported by a healthy demand environment and the company’s strategic focus on its upscale dining clientele. The company’s financial health was further bolstered by significant cash flow from operating activities, which increased to $153 million for the year.

Looking ahead, The Chefs’ Warehouse has provided optimistic guidance for fiscal 2025, with expected net sales ranging from $3.94 billion to $4.04 billion and adjusted EBITDA between $233 million and $246 million. The company remains focused on growth opportunities and maintaining its position as a leader in the distribution of specialty food products in its markets.