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The Chefs’ Warehouse, Inc. reported strong financial results for the first quarter of 2024, with net sales increasing by 21.5% to $874.5 million. The company's GAAP net income was $1.9 million, adjusted net income per share was $0.15, and adjusted EBITDA was $40.2 million. Organic sales growth, acquisitions, and increased gross profit margins were key drivers of the positive performance. The company provided full-year guidance for 2024, projecting net sales between $3.640 billion to $3.785 billion, gross profit between $867.0 million to $902.0 million, and adjusted EBITDA between $207.0 million and $219.0 million.
The Chefs’ Warehouse, Inc. will participate in the BMO Global Farm to Market Conference on May 15, 2024, presenting at 2:45 p.m. ET. The Company, listed as CHEF on Nasdaq, is a leading distributor of specialty food products in the US, Middle East, and Canada.
