Quarterly ResultApr 29, 2026, 07:02 AM
CHEF Q1 Net Sales +11.4% to $1.06B; EPS $0.40; Adj EBITDA $60.1M
AI Summary
Chefs' Warehouse, Inc. reported strong financial results for the first quarter of 2026, with net sales increasing 11.4% to $1.06 billion. GAAP net income significantly improved to $17.4 million, or $0.40 per diluted share, compared to $10.3 million, or $0.25 per diluted share, in the prior year. Adjusted EBITDA also saw substantial growth, reaching $60.1 million. The company provided fiscal 2026 full-year guidance, projecting net sales between $4.35 billion and $4.45 billion, and adjusted EBITDA between $276 million and $286 million.
Key Highlights
- Net sales increased 11.4% to $1.06 billion in Q1 2026 from $950.7 million in Q1 2025.
- GAAP net income rose to $17.4 million ($0.40 diluted EPS) from $10.3 million ($0.25 diluted EPS).
- Adjusted EBITDA grew to $60.1 million in Q1 2026 from $47.5 million in Q1 2025.
- Gross profit increased 13.9% to $257.4 million, with margins up 53 basis points to 24.3%.
- Organic sales increased 10.4% ($98.3 million) year-over-year in Q1 2026.
- Fiscal 2026 net sales guidance set at $4.35 billion to $4.45 billion.
- Fiscal 2026 adjusted EBITDA guidance set at $276 million to $286 million.