Quarterly ResultApr 29, 2026, 08:37 AM
CHEF Q1 Net Sales +11.4% to $1.06B; Net Income +68.8% to $17.4M
AI Summary
Chefs' Warehouse, Inc. reported strong financial results for the thirteen weeks ended March 27, 2026, with net sales increasing 11.4% to $1.06 billion and net income surging 68.8% to $17.4 million. Diluted EPS also saw significant growth, rising 60.0% to $0.40. The company achieved improved gross profit margins and saw robust organic sales growth, complemented by contributions from recent acquisitions. Additionally, Chefs' Warehouse proactively managed its debt by making a voluntary principal prepayment and extended its share repurchase program for another ten years.
Key Highlights
- Net sales increased 11.4% to $1.06 billion for the thirteen weeks ended March 27, 2026.
- Net income rose 68.8% to $17.4 million compared to the prior year quarter.
- Diluted EPS grew 60.0% to $0.40 for the quarter.
- Gross profit margin improved by 53 basis points to 24.3%.
- Organic sales growth contributed 10.4%, with acquisitions adding 1.0%.
- Voluntary $5.0 million principal prepayment made on the senior secured term loan.
- Share repurchase program extended for 10 years, with $57.6 million remaining authorization.
- United States net sales increased to $958.0 million.
Price Impact
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