Chefs' Warehouse Stock Price, News & Analysis

The Chefs' Warehouse (NASDAQ: CHEF) will release its financial results for Q4 and the fiscal year ending December 30, 2022, before market opening on February 15, 2023. The company will also hold a conference call at 8:30 a.m. ET the same day to discuss these results. Investors can access the call via the Company’s investor relations website. The Chefs’ Warehouse is a leading distributor of specialty food products across the U.S., Canada, and the Middle East, offering over 55,000 products to over 40,000 customer locations, primarily serving chefs and culinary professionals.

The Chefs’ Warehouse (NASDAQ:CHEF) will present at the 25th Annual ICR Conference in Orlando, FL, on January 9, 2023, at 3:30 p.m. ET. This premier distributor of specialty food products serves the culinary needs of top chefs and restaurants across North America and the Middle East. With over 55,000 products, it caters to more than 40,000 customers, including independent restaurants and fine dining establishments. Interested investors can listen to the live webcast by visiting the Company’s investor relations website.

The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) has priced $250 million of 2.375% Convertible Senior Notes due 2028, expected to yield approximately $243.2 million net after discounts. An additional $37.5 million may be purchased within 13 days. Proceeds will primarily fund cash payments in exchange transactions amounting to $159.8 million, with the remainder for corporate purposes. The conversion rate is set at 22.5912 shares per $1,000, offering a 30% premium over the stock price. The offering closes on December 13, 2022. Risks related to the offering and market conditions are highlighted.

The Chefs’ Warehouse has announced a private placement of $250 million in convertible senior notes due 2028, with an additional $37.5 million option for purchasers. The notes will be convertible into cash, shares, or a combination at the company's discretion. Proceeds will fund cash considerations for existing convertible notes exchanges and general corporate purposes. Due to potential exchanges and market activities, the trading price of common stock may be impacted. This transaction is not an offer to sell or buy securities that haven't been registered under the Securities Act.

The Chefs' Warehouse, Inc. (NASDAQ:CHEF) announced the acquisition of Chef Middle East (CME) from Gulf Capital, expanding its specialty food distribution footprint into the UAE, Qatar, and Oman. This move positions CHEF to benefit from the growing high-end food market in the region, with CME expected to generate $160-$180 million in net sales and $11-$14 million in EBITDA annually. The acquisition aims to leverage synergies, enhance service quality, and cater to the increasing demand from upscale restaurants and hotels.

The Chefs’ Warehouse reported robust financial results for Q3 2022, with net sales soaring by 36.7% to $661.9 million, compared to $484.3 million in Q3 2021. GAAP net income increased to $8.3 million, or $0.21 per diluted share, up from $3.5 million or $0.09 per share a year prior. Adjusted EBITDA reached $41.0 million, a significant rise from $23.4 million in Q3 2021. The company raised its full-year guidance, projecting net sales between $2.45 billion and $2.55 billion.

The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) is set to announce its financial results for Q3, ending September 23, 2022, before market opening on October 26, 2022. The company will also host a conference call to discuss these results at 8:30 a.m. ET the same day. Investors can access the live webcast on the Company's investor relations website, with an archived version available for 30 days thereafter. As a leading distributor of specialty food products in the U.S. and Canada, Chefs’ Warehouse serves over 35,000 customer locations with more than 50,000 products.

The Chefs’ Warehouse reported a robust 53.2% increase in net sales, reaching $648.1 million in Q2 2022, up from $423.0 million the previous year. GAAP net income soared to $16.9 million, or $0.42 per diluted share, compared to $1.1 million, or $0.03 per share in Q2 2021. Adjusted net income per share significantly rose to $0.51. Full-year guidance was raised, projecting net sales between $2.375 billion and $2.475 billion, with adjusted EBITDA expected between $135.0 million and $145.0 million.

The Chefs' Warehouse, Inc. (NASDAQ: CHEF) announced its plan to release financial results for the second quarter ending June 24, 2022, before market open on July 27, 2022. A conference call will follow at 8:30 a.m. ET on the same day, where the results will be reviewed. The call will be accessible via the company's investor relations website, with an archive available for 30 days.

Chefs' Warehouse specializes in distributing over 50,000 specialty food products to more than 35,000 customers across the U.S. and Canada.