The Chefs’ Warehouse Inc ( (CHEF) ) has released its Q4 earnings. Here is a breakdown of the information The Chefs’ Warehouse Inc presented to its investors.
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The Chefs’ Warehouse, Inc. is a premier distributor of specialty food products serving upscale dining establishments across the United States, the Middle East, and Canada.
In its latest earnings report, The Chefs’ Warehouse, Inc. revealed notable financial growth for the fourth quarter of 2024. The company’s net sales increased by 8.7% compared to the previous year, marking a historic quarter with sales surpassing one billion dollars for the first time.
Key performance highlights include a rise in net income to $23.9 million, or $0.55 per diluted share, up from $16.0 million, or $0.38 per diluted share, in the same quarter of 2023. Additionally, the company reported an adjusted EBITDA of $68.2 million, reflecting a significant year-over-year increase. The growth in gross profit, driven by increased sales and price inflation, contributed to a 9.8% increase, with gross profit margins improving to 24.3%.
The Chefs’ Warehouse attributed its robust performance to strong demand from its core upscale dining customers and successful market share expansion. The company increased unique item placements and new customer acquisition, demonstrating a solid close to the year.
Looking forward, The Chefs’ Warehouse projects continued growth in fiscal 2025, with net sales expected to reach between $3.94 billion and $4.04 billion. The company remains focused on expanding its operations and maintaining its competitive edge in the specialty food distribution market.
