Summary of Conference Call Company Overview - The conference call discusses **Chef's Warehouse**, a public foodservice distributor that services over **44,000 customer locations** and has projected revenues of **$4 billion** for the year [1][2]. Industry Insights - Chef's Warehouse is noted as the smallest public foodservice distributor but maintains historically high **EBITDA margins** due to a focus on profitable independent restaurants [2]. - The company emphasizes the importance of **market share growth** in a challenging environment where population growth is stagnant [4]. Key Points Market Position and Strategy - Chef's Warehouse is focused on **gaining market share** and acquiring new customers, supported by a **$1 billion investment** in technology and facilities over the last decade [4]. - The company targets **independent restaurants** and smaller groups rather than large volume customers, emphasizing quality over quantity [5][11]. Competition and Market Dynamics - The competitive landscape is acknowledged, with larger distributors developing higher service models to target specialty accounts, but Chef's Warehouse believes competition drives improvement [12][15]. - The foodservice market is valued at over **$3.4 trillion**, indicating significant growth potential despite challenges [16]. Financial Performance - The company is transitioning from focusing on **gross profit margins** to **gross profit dollars**, which is crucial for driving EBITDA growth [33][34]. - The product mix has evolved due to acquisitions, impacting gross profit margins but leading to overall growth in gross profit dollars [34]. Technology and Operations - Chef's Warehouse utilizes technology to manage a diverse product range of **88,000 SKUs**, with a focus on just-in-time inventory management [41][42]. - The company is exploring **automation** in its operations but is cautious about large investments until the ROI is clear [72][76]. Growth Opportunities - There is a strong emphasis on **cross-selling** across different product categories, particularly in growing markets like Texas and Florida, which are experiencing significant growth rates [50][54]. - The company is actively looking for **M&A opportunities** but is currently focused on internal growth and integration of recent acquisitions [58][61]. Talent Acquisition - Attracting skilled salespeople remains a challenge, but Chef's Warehouse is noted as a desirable workplace, which helps in recruitment [64][66]. - The company aims to hire individuals with a passion for food, enhancing the customer experience through knowledgeable staff [66][68]. International Expansion - Chef's Warehouse has made strategic investments in the Middle East, capitalizing on population growth and a strong management team, which has exceeded initial expectations [82][84]. Conclusion - Chef's Warehouse presents itself as a growth-oriented company with a strong market position, a focus on quality service, and a commitment to leveraging technology for operational efficiency. Investors are encouraged to consider the company's potential for continued growth and expansion in the foodservice industry [87].

RIDGEFIELD, Conn., May 01, 2025 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today announced that the Company will participate in a fireside chat at the BMO Global Farm to Market Conference in New York, NY on Wednesday, May 14, 2025. The fireside chat will begin at 11:00 a.m. ET. Investors and interested parties may listen to a webcast of the fireside chat by visi ...

Financial Performance - Net sales for the thirteen weeks ended March 28, 2025, were $950,748, an increase of $76,260 or 8.7% compared to $874,488 for the same period in 2024[64] - Gross profit increased to $225,995, reflecting a $16,559 increase or 7.9% from $209,436 in the prior year, with a gross profit margin of 23.8%[66] - Net income for the period was $10,288, a significant increase from $1,931 in the prior year, driven by improved operational performance[64] Expenses - Selling, general and administrative expenses rose to $202,763, an increase of $12,442 or 6.5%, representing 21.3% of net sales, down from 21.8%[67] - Interest expense decreased by $2,991 or 22.6%, totaling $10,253, due to lower debt levels and interest rates[69] Taxation - The effective tax rate improved to 17.6% from 30.0% in the prior year, reflecting a discrete tax benefit related to stock awards[70] Cash Flow and Capital Expenditures - Cash provided by operating activities was $49,566, an increase of $18,666 from $30,900 in the prior year, attributed to sales growth and improved working capital management[76] - Capital expenditures for fiscal 2025 are expected to be approximately $40,000 to $50,000[75] Share Repurchase and Indebtedness - The company has a remaining share repurchase authorization of $82.6 million as of March 28, 2025, with no repurchases made during the current quarter[74] - As of March 28, 2025, total indebtedness was $359.3 million, with a significant portion bearing variable interest rates, indicating exposure to interest rate risk[80] Compliance and Governance - The company filed Amendment No. 7 to the ABL Facility on March 12, 2025[92] - Certifications of the Chief Executive Officer and Chief Financial Officer were completed pursuant to the Sarbanes-Oxley Act of 2002[92] - The report was signed on behalf of the registrant on April 30, 2025[94] - James Leddy serves as the Chief Financial Officer and Timothy McCauley as the Chief Accounting Officer[96]

"First quarter 2025 business activity displayed typical seasonal cadence as revenue trends coming out of January increased steadily into February and March. During the quarter, our business units, international and domestic, delivered strong growth in unique item placements and solid operating leverage versus the prior year first quarter", said Christopher Pappas, Chairman and Chief Executive of the Company. "As we entered the second quarter, revenue builds during the first few weeks of April continued to d ...

Chefs' Warehouse (CHEF) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.05%. A quarter ago, it was expected that this distributor of specialty food products would post earnings of $0.51 per share when it actually produced earnings of $0.55, delivering a surprise of 7.84%.Over the l ...

The Chefs' Warehouse (CHEF) Q1 2025 Earnings Call April 30, 2025 08:30 AM ET Speaker0 Greetings, and welcome to the Chef's Warehouse First Quarter twenty twenty five Earnings Conference Call. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Alex Alders, General Counsel, Corporate Secretary and Chief Government Relations Officer. Please go ahead, sir. Speaker1 Thank you, operator. Good morning, everyone. With me on today's call are Chris Pappas, Founder, ...

The Chefs' Warehouse (CHEF) Q1 2025 Earnings Call April 30, 2025 08:30 AM ET Company Participants Alexandros Aldous - Gen. Counsel, Chief Government Relations Officer, Corporate Secretary & Chief Administrative OfficerChristopher Pappas - Founder, Chairman, CEO & PresidentJim Leddy - CFOMark Carden - Director - Equity ResearchPeter Saleh - MD - RestaurantsKelly Bania - MD - Equity Research Conference Call Participants Alexander Slagle - Stock AnalystAndrew Wolf - SVP & Senior Research AnalystTodd Brooks - E ...

First Quarter 2025 Earnings Presentation The Chefs' Warehouse, Inc. 1 Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding the business of The Chefs' Warehouse, Inc. (the "Company") that are not historical facts are "forward-looking statements" that involve risks and uncertainties and are based on current expectations and management estimates; actual results may differ materially. The risks and uncertainties which c ...

RIDGEFIELD, Conn., April 30, 2025 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its first quarter ended March 28, 2025. Financial highlights for the first quarter of 2025: Net sales increased 8.7% to $950.7 million for the first quarter of 2025 from $874.5 million for the first quarter of 2024.GAAP net income was $10.3 million, ...

The Chefs' Warehouse, Inc. (http://www.chefswarehouse.com) is a premier distributor of specialty food products in the United States, the Middle East and Canada focused on serving the specific needs of chefs who own and/or operate some of the nation's leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. The Chefs' Warehouse, Inc. carries and distributes ...