| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.2K | 10.3% | 12.9% |
| Total Income | 1.2K | 10.3% | 12.9% |
| Expenditure | 1.1K | 8.2% | 11.6% |
| PBT | 49.22 | 116.5% | 66.8% |
| Net Profit | 33.77 | 94.4% | 59.0% |
| OPM | 5.02% | 1.89pp | 1.13pp |
| NPM | 2.89% | 1.25pp | 0.84pp |
| EPS | 0.87 | 93.3% | 58.2% |
The Chefs' Warehouse Reports Q2 2026 Financial Results with 12.9% Net Sales Increase
29 Jul 2026 · 29 Jul, 6:02 pm
Summary
The Chefs' Warehouse, Inc. reported strong financial results for its second quarter ended June 26, 2026, with net sales increasing 12.9% year-over-year to $1.17 billion. GAAP net income rose to $33.8 million ($0.76 per diluted share) from $21.2 million ($0.49 per diluted share) in the prior year. Adjusted EBITDA also saw a substantial increase, reaching $88.1 million compared to $65.4 million in Q2 2025. Management highlighted strong growth in both revenue and profitability, driven by excellent execution across markets and product categories, leading to market share gains and improved operational efficiency. The company also issued its fiscal 2026 full-year guidance, expecting net sales between $4.50 billion and $4.60 billion.
Key Highlights
- 1
Net sales increased by 12.9% to $1.17 billion for the second quarter of 2026 compared to $1.03 billion in the second quarter of 2025.
- 2
GAAP net income was $33.8 million, or $0.76 per diluted share, for the second quarter of 2026, up from $21.2 million, or $0.49 per diluted share, in the prior year quarter.
- 3
Adjusted EBITDA for the second quarter of 2026 was $88.1 million, a significant increase from $65.4 million in the second quarter of 2025.
- 4
Gross profit margins increased approximately 49 basis points to 25.1% in the second quarter of 2026.
- 5
Selling, general and administrative expenses as a percentage of net sales decreased to 20.0% in the second quarter of 2026 from 20.7% in the second quarter of 2025.
- 6
Operating income for the second quarter of 2026 was $58.6 million, an increase from $40.2 million in the second quarter of 2025.
- 7
The company provided fiscal 2026 full year guidance, projecting net sales in the range of $4.50 billion to $4.60 billion.
Management Comments
Christopher Pappas
Second quarter 2026 displayed strong growth in both revenue and profitability. Our regional Chefs’ Warehouse teams continued to deliver excellent execution across markets and product categories. We are driving market share gains via growth in product penetration, case volume and unique customers, combined with on-going improvement in operational efficiency to provide customers with the highest quality ingredients and flexible on-time delivery. Our Middle East operations are improving gradually as we enter the seasonally slower summer period. During May and June, our business located there operated at approximately 94% of prior year and this trend has remained fairly steady through recent weeks. I would like to thank all of our teams, from sales, procurement and pricing, operations and all the supporting functions, for their dedication to serving our customers and our communities as we go to market as the Chefs’ Warehouse family of brands and companies in North America and the Middle East.
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