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The Chefs' Warehouse, Inc. - CHEF STOCK NEWS

Welcome to our dedicated page for The Chefs' Warehouse news (Ticker: CHEF), a resource for investors and traders seeking the latest updates and insights on The Chefs' Warehouse stock.

The Chef's Warehouse Inc. (NASDAQ: CHEF) is a premier specialty food distributor catering to high-end chefs and culinary professionals for over 30 years. With a robust presence in major metropolitan areas across the United States, Canada, and the Middle East, the company sources and supplies fine food products to top-tier restaurants, hotels, caterers, gourmet stores, culinary schools, and casinos.

The company's extensive product portfolio includes a variety of imported and locally sourced specialty foods such as artisan charcuterie, specialty cheeses, oils, vinegars, hormone-free protein, truffles, caviar, and chocolate, meeting the stringent standards of elite chefs. The Chef's Warehouse operates through a single reporting segment called Food Product Distribution, primarily serving the East, Midwest, and West coasts of the U.S.

In recent financial updates, the company reported strong year-over-year organic revenue growth and adjusted EBITDA in the second quarter of 2023, despite challenges like volatile weather conditions and protein category fluctuations. The third quarter of 2023 saw sequential improvements in business activity, driven by strong growth in customer acquisition and volume growth. The fourth quarter of 2023 showcased increased operating income and higher gross profit margins.

Moreover, the company has entered into a Cooperation Agreement with Legion Partners Asset Management, LLC, signaling a strategic move towards enhancing its operational and financial performance. As part of this agreement, three new independent directors have been appointed to the Board, bringing valuable expertise from various industries.

As of early 2024, The Chef’s Warehouse continued its strong performance with first-quarter results indicating steady revenue growth and sustained customer demand. The company remains focused on delivering high-quality products and exceptional service to its diverse clientele, leveraging its flexible distribution platform for continued growth and success.

Contact: Investor Relations, Jim Leddy, CFO, (718) 684-8415

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The Chefs' Warehouse (NASDAQ: CHEF) has announced its plan to release financial results for the second quarter ended June 28, 2024. The company will unveil these results before the stock market opens on Wednesday, July 31, 2024. Following the release, The Chefs' Warehouse will host a conference call at 8:30 a.m. ET on the same day to discuss the quarterly performance.

Investors and interested parties can access the live webcast of the conference call through the company's investor relations website at http://investors.chefswarehouse.com/. For those unable to attend the live call, an online archive of the webcast will be available for 30 days on the same website.

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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.

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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.

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The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) will announce its first-quarter financial results on May 1, 2024. The company plans to release the results before the stock market opens and hold a conference call to discuss them. The webcast of the call will be available on the investor relations website.
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The Chefs’ Warehouse, Inc. announces the addition of three new independent directors to the Board and the formation of an Operational and Financial Performance Task Force to enhance operational and financial performance. The Company has entered into a Cooperation Agreement with Legion Partners Asset Management, LLC, appointing Richard N. Peretz, Wendy M. Weinstein, and Lester Owens to the Board. Legion Partners will support the Company by voting in favor of nominated directors at the 2024 Annual Meeting. The Cooperation Agreement includes provisions for margin improvement opportunities and financial metric targets for 2024 and 2025.
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The Chefs’ Warehouse, Inc. (CHEF) reported strong financial results for Q4 2023 with net sales up 20.1% to $950.5 million. GAAP net income was $16.0 million, adjusted net income per share was $0.47, and adjusted EBITDA was $59.0 million. The company saw organic sales increase by approximately 11.3% and gross profit margins rise to 24.1%. Despite higher operating expenses, operating income improved to $38.2 million. Net income for Q4 2023 was $16.0 million, or $0.38 per diluted share. The company provided fiscal 2024 guidance with net sales projected between $3.625 billion to $3.775 billion, gross profit between $865.0 million and $900.0 million, and adjusted EBITDA between $205.0 million and $218.0 million.
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The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) will release its financial results for the fourth quarter and fiscal year ended December 29, 2023 before the opening of the stock market on Wednesday, February 14, 2024. A conference call will be held at 8:30 a.m. ET on the same day to review the results. The conference call will be webcast live and an online archive of the webcast will be available for 30 days.
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The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) will present at the 2024 ICR Conference in Orlando, FL on Monday, January 8, 2024. The presentation will begin at 8:30 a.m. ET. Investors and interested parties may listen to a webcast of the fireside chat by visiting the Company’s investor relations website at http://investors.chefswarehouse.com/
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The Chefs’ Warehouse, Inc. reported financial results for Q3 2023. Net sales increased by 33.2% to $881.8 million. GAAP net income was $7.3 million, compared to $8.3 million in Q3 2022. Adjusted net income per share was $0.33. Adjusted EBITDA was $50.3 million.
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The Chefs’ Warehouse, Inc. to release Q3 financial results and host conference call
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FAQ

What is The Chef's Warehouse Inc.?

The Chef's Warehouse Inc. is a specialty food distributor offering high-quality, imported and domestic food products to top-tier restaurants, hotels, caterers, and gourmet stores across North America.

Where does The Chef's Warehouse operate?

The Chef's Warehouse operates in major metropolitan areas across the United States, Canada, and the Middle East.

What products does The Chef's Warehouse offer?

The company offers a wide range of specialty food products, including artisan charcuterie, specialty cheeses, oils, vinegars, hormone-free protein, truffles, caviar, and chocolate.

What recent financial performance highlights can be shared?

In 2023, The Chef's Warehouse reported strong year-over-year organic revenue growth and adjusted EBITDA. The company also saw improvements in business activity and gross profit margins in subsequent quarters.

What is the Cooperation Agreement with Legion Partners?

The Cooperation Agreement involves appointing three new independent directors to enhance the company's operational and financial performance, with a focus on improving adjusted EBITDA margins and shareholder value.

How did The Chef's Warehouse perform in the first quarter of 2024?

In the first quarter of 2024, The Chef's Warehouse showed strong new customer and placement growth, with operating income increasing compared to the same period in 2023.

Who are the new directors appointed under the Cooperation Agreement?

The new directors are Richard N. Peretz, former CFO of UPS; Wendy M. Weinstein, Chief Marketing Officer at W2K Consulting; and Lester Owens, former head of Operations at Wells Fargo.

What is the focus of The Chef's Warehouse moving forward?

The company focuses on delivering high-quality products, expanding its customer base, and leveraging its flexible distribution platform for sustained growth.

What is the investor contact information for The Chef's Warehouse?

For investor relations, you can contact Jim Leddy, CFO, at (718) 684-8415.

How many products does The Chef's Warehouse distribute?

The company distributes over 70,000 products to more than 44,000 customer locations.

The Chefs' Warehouse, Inc.

Nasdaq:CHEF

CHEF Rankings

CHEF Stock Data

1.65B
39.77M
12.78%
96.34%
7.8%
Packaged Frozen Food Merchant Wholesalers
Wholesale Trade
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United States of America
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