Welcome to our dedicated page for The Chef's Warehouse news (Ticker: CHEF), a resource for investors and traders seeking the latest updates and insights on The Chef's Warehouse stock.
The Chefs’ Warehouse, Inc. distributes specialty food products in the United States, the Middle East and Canada, serving chefs and foodservice customers such as independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, cruise lines, casinos and specialty food stores.
Recurring company news covers quarterly results, sales volume, gross margin, adjusted EBITDA, organic growth, acquisitions, fiscal guidance and management presentations at consumer, retail and food-industry investor conferences. Updates also discuss the company’s specialty and center-of-the-plate categories, including imported and local products such as cheese, oils, chocolates, baking products, meats and other food items.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.