| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.1K | 11.4% |
| Total Income | 1.1K | 11.4% |
| Expenditure | 1.0K | 10.6% |
| PBT | 22.74 | 82.2% |
| Net Profit | 17.37 | 68.8% |
| OPM | 3.13% | 0.74pp |
| NPM | 1.64% | 0.56pp |
| EPS | 0.45 | 66.7% |
Chefs' Warehouse Reports Q1 2026 Net Sales Up 11.4% to $1.06 Billion
03 May 2026 · 3 May, 6:20 pm
Summary
The Chefs’ Warehouse, Inc. reported an 11.4% increase in net sales for the first quarter of 2026, reaching $1.06 billion compared to $950.7 million in the same period last year. GAAP net income rose to $17.4 million, or $0.40 per diluted share, from $10.3 million, or $0.25 per diluted share, in the first quarter of 2025. The company's adjusted EBITDA also increased to $60.1 million. For fiscal year 2026, the company anticipates net sales between $4.35 billion and $4.45 billion.
Key Highlights
- 1
Net sales increased by 11.4% to $1.06 billion for the first quarter of 2026, compared to $950.7 million in the first quarter of 2025.
- 2
GAAP net income was $17.4 million, or $0.40 per diluted share, for the first quarter of 2026, compared to $10.3 million, or $0.25 per diluted share, in the first quarter of 2025.
- 3
Adjusted net income per share was $0.40 for the first quarter of 2026, compared to $0.25 for the first quarter of 2025.
- 4
Adjusted EBITDA was $60.1 million for the first quarter of 2026, compared to $47.5 million for the first quarter of 2025.
- 5
Organic sales increased by $98.3 million, or 10.4%, versus the prior year quarter.
- 6
Gross profit increased 13.9% to $257.4 million for the first quarter of 2026 from $226.0 million for the first quarter of 2025.
- 7
The company provides fiscal 2026 full year financial guidance with net sales in the range of $4.35 billion to $4.45 billion.
Management Comments
Christopher Pappas
First quarter 2026 business activity displayed typical seasonal cadence as revenue trends coming out of January increased steadily into February and March. Despite some volatility in business due to extreme weather events and the start of the conflict in the Middle East later in the quarter, our businesses continued to grow market share, delivering strong year-over-year growth in volume, product penetration, unique customers, revenue and profitability. I would like to thank all of Chefs’ Warehouse, from sales and operations to all the supporting functions, for delivering a great start to 2026. Our regional leadership and their teams continue to execute our strategy to leverage our investments and train the next generation of sales and operational talent. They are accelerating our long-term plan, as they grow deeper understanding of our customer base and become the ultimate specialty ingredient professionals, marrying technology with industry know how to become trusted advisors to the best chefs in the world.
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