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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, a leading distributor of specialty food products in North America, will present at the BMO Global Farm to Market Conference on May 18, 2022. The event takes place at the Lotte New York Palace Hotel, starting at 2:00 p.m. ET. Investors and interested parties can access a webcast of the presentation via the Company’s investor relations website. With over 50,000 products distributed to 35,000 locations across the U.S. and Canada, The Chefs' Warehouse caters to a diverse clientele, including independent restaurants, hotels, and culinary institutions.
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) reported strong Q1 2022 results, with net sales soaring 82.8% to $512.1 million, compared to $280.2 million in Q1 2021. GAAP net income reached $1.4 million ($0.04/share), rebounding from a net loss of $17.9 million in the prior year. Adjusted EBITDA rose to $21.5 million, reversing from a negative $9.5 million. Organic sales increased 62.9%, while gross profit surged 99.4% to $117.5 million. The company issued guidance for 2022 with estimated net sales of $2.13 to $2.23 billion, signaling continued growth.
The Chefs' Warehouse, Inc. (NASDAQ: CHEF) announced it will release its financial results for the first quarter ending March 25, 2022, before market opening on April 27, 2022. The company will also host a live conference call at 8:30 a.m. ET on the same day to discuss the results. Interested parties can access the call via the investor relations website, with an online archive available for 30 days. The Chefs' Warehouse specializes in distributing over 50,000 food products to more than 35,000 customer locations across the U.S. and Canada.
The Chefs’ Warehouse reported a significant financial turnaround for Q4 2021, with net sales soaring 98.2% to $558.3 million compared to Q4 2020. The company achieved a net income of $8.4 million or $0.22 per diluted share, reversing a loss of $37.1 million in the prior year. Adjusted EBITDA rose to $30.2 million, up from a negative $10.5 million.
For FY 2022, guidance estimates net sales between $2.1 billion and $2.2 billion and adjusted EBITDA between $99 million and $111 million.
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) plans to release its financial results for the fourth quarter and fiscal year ending December 24, 2021, on February 9, 2022, before market opening. A conference call will be held at 8:30 a.m. ET on the same day to discuss these results, which will be available for live webcast on the Company's investor relations website. As a leading distributor of specialty food products in the U.S. and Canada, The Chefs' Warehouse serves a diverse clientele including independent restaurants and culinary schools.
The Chefs' Warehouse, a leading distributor of specialty food products in North America, will present virtually at the 11th Annual Jefferies Winter Summit on January 25, 2022, at 10:00 a.m. ET. Investors can access the live webcast through the Company’s investor relations website. The Chefs' Warehouse serves over 34,000 customers, including fine dining establishments and culinary schools, distributing more than 55,000 products across the U.S. and Canada.
The Chefs' Warehouse, a leading distributor of specialty food products in North America, announced a virtual presentation at the 2022 ICR Conference on January 11, 2022, starting at 10:00 a.m. ET. Interested investors can access the presentation via the Company’s investor relations website. The Chefs' Warehouse services over 34,000 customers across the U.S. and Canada, distributing more than 55,000 products.
The Chefs' Warehouse, Inc. (NASDAQ:CHEF) has successfully acquired the assets of CGC Holdings, Inc., known as Capital Seaboard, a prominent supplier of produce and seafood in the Mid-Atlantic region. This acquisition aligns with Chefs' Warehouse's strategy to bolster its specialty food distribution capabilities. CEO Christopher Pappas expressed enthusiasm for the integration, emphasizing complementary services that will enhance customer experience. Founded in 1985, Capital Seaboard is recognized for quality and service, strengthening Chefs' Warehouse's market position.
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) will virtually present at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2021, at 2:25 p.m. ET. The Company is a premier distributor of specialty food products in North America, serving over 34,000 customer locations with more than 55,000 products. Interested investors can listen to the presentation via the Company's investor relations website.
The Chefs' Warehouse (NASDAQ:CHEF) has announced a partnership with the Food Education Fund to launch a collaborative Bridge Program beginning in spring 2022. This initiative aims to educate students on the culinary industry and provide mentoring in areas such as food sales and finance. CEO Chris Pappas emphasized the importance of supporting the future leaders in food and hospitality. The Chefs' Warehouse is a leading distributor of specialty food products, serving over 34,000 customer locations in the United States and Canada.