Core Viewpoint - The Chefs' Warehouse, Inc. is set to announce its financial results for Q4 and the fiscal year ending December 26, 2025, on February 11, 2026, before market opening [1] Group 1: Financial Results Announcement - The financial results will be released before the stock market opens on February 11, 2026 [1] - A conference call to review the results will take place at 8:30 a.m. ET on the same day [1] Group 2: Conference Call Details - The conference call will be available via a live webcast on the Company's investor relations website [2] - An online archive of the webcast will be accessible for 30 days following the event [2] Group 3: Company Overview - The Chefs' Warehouse, Inc. is a leading distributor of specialty food products in the U.S., Middle East, and Canada [3] - The company serves a diverse clientele, including independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, and specialty food stores [3] - It distributes over 88,000 products to more than 50,000 customer locations [3]

Group 1 - Chefs' Warehouse (NASDAQ:CHEF) is recognized as a promising mid-cap consumer staples stock priced under $100, with a consensus 1-year median price target of $76.71, indicating an upside potential of nearly 26% from the current level [1] - The stock has received coverage from 7 analysts, with 6 analysts giving Buy ratings and 1 analyst issuing a Hold call, reflecting a highly bullish sentiment towards the company [1] - Todd Brookes from Benchmark Co reiterated a Buy rating for Chefs' Warehouse with a price target estimate of $75, suggesting an upside potential of around 23%, based on positive discussions with company management [2] Group 2 - Chefs' Warehouse operates as a specialty food distributor and restaurant supplier across the United States, Canada, and the Middle East, covering various product categories such as Dairy & Eggs, Meat & Poultry, Seafood, Oil & Vinegar, Pantry, Frozen Grocery, and Beverages [3] - The company manages its supply chain operations through 53 distribution centers and an extensive logistics network, which supports its business model [3]

Financial Data and Key Metrics Changes - The company reported a strong outlook for the fourth quarter, indicating a healthy customer base that continues to spend [4] - Aggregate inflation for the first three quarters of 2025 was in the 3% range, which is favorable for food distributors [8] - The company aims to achieve a 6.5%-7% Adjusted EBITDA margin by fiscal 2028, with various initiatives planned to reach this goal [28] Business Line Data and Key Metrics Changes - The company has diversified its offerings significantly over the past decade, moving from high-end products to include upscale casual and various food service sectors [4] - The protein division is currently strong, and the company anticipates that its presence in fresh produce will triple or quadruple as other categories grow [19] Market Data and Key Metrics Changes - The food away from home market is valued at $400 billion, and the company is targeting a 10% market share, which would equate to approximately $50 billion [16] - The company has seen significant growth in regions like Texas and Florida, with Texas being described as a startup opportunity for the company [32][33] Company Strategy and Development Direction - The company focuses on being a primary supplier to independent restaurants and cafes, while also expanding into other categories and territories [21][22] - The management emphasizes the importance of being a solution provider and consultant to customers, particularly in addressing labor challenges [24] Management Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about consumer spending, noting that celebratory spending is still strong despite economic uncertainties [6] - The company is not expecting any material changes in inflation or tariffs that would significantly impact operations [8][10] Other Important Information - The company has paused its M&A activities to focus on integrating recent acquisitions and improving operational efficiencies [31] - The management believes that the future of distribution will require a more consultative approach to meet customer needs [24] Q&A Session Summary Question: How is the company adapting to potential economic tailwinds? - Management does not model potential tailwinds but acknowledges that increased disposable income for consumers could benefit the business [6] Question: What is the outlook on inflation and pricing? - Management noted that they can manage through inflation effectively due to their diverse SKU offerings and that they prefer a stable inflation range of 1%-3% [11] Question: How does the company view competition in the food distribution market? - Management believes that while competition is strong, their unique approach and long-standing relationships with chefs and restaurants set them apart [14] Question: What is the company's strategy regarding M&A? - Management indicated a pause in M&A to focus on internal growth and integration of existing acquisitions, while remaining opportunistic for future deals [31][32]

Financial Data and Key Metrics Changes - The company reported a strong outlook for the fourth quarter, indicating a healthy customer base that continues to spend [4] - Aggregate inflation for the first three quarters of 2025 was around 3%, which is favorable for food distributors [8] - The company aims to achieve an Adjusted EBITDA margin of 6.5%-7% by fiscal 2028 [28] Business Line Data and Key Metrics Changes - The company has diversified its offerings significantly over the past decade, moving from high-end products to include upscale casual and various food service sectors [4] - The protein division is currently strong, and the company anticipates that its presence in fresh produce will triple or quadruple as other categories grow [19] Market Data and Key Metrics Changes - The food away from home market is valued at $400 billion, and the company is targeting a 10% market share [16] - The company has seen significant growth in regions like Texas and Florida, with Texas being described as a startup due to its rapid expansion [32][33] Company Strategy and Development Direction - The company focuses on being a core supplier to independent restaurants and cafes, rather than pursuing large national chains [23] - The strategy includes enhancing the sales force to act more as consultants, providing tailored solutions to customers facing labor challenges [24] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about consumer spending, noting that celebratory spending is still strong despite economic uncertainties [6] - The company is not expecting significant changes in inflation rates and is prepared to manage price volatility effectively [8][10] Other Important Information - The company has paused M&A activities to focus on integrating recent acquisitions and improving operational efficiencies [31] - The management emphasizes the importance of maintaining a diversified supply chain to mitigate risks associated with tariffs and inflation [10][12] Q&A Session Summary Question: How is the state of the consumer affecting your business? - Management noted that their customer base remains healthy, with continued spending on dining out and events [4] Question: How do you expect tax reforms to impact your business? - Management does not model tax reforms into their forecasts but acknowledges that increased disposable income for consumers could be beneficial [6] Question: What is your outlook on inflation and pricing? - Management indicated that they can manage through price volatility effectively and prefer a stable inflation range of 1%-3% [11] Question: How do you view competition in the food distribution market? - Management believes that their unique approach and long-standing relationships with chefs set them apart from competitors [14] Question: What is your strategy regarding M&A? - Management stated that they are currently focused on organic growth and integrating past acquisitions, remaining opportunistic for future M&A [31][33]

Financial Data and Key Metrics Changes - The company reported a strong outlook for the fourth quarter, indicating a healthy customer base that continues to spend [4] - Aggregate inflation for the first three quarters of 2025 was around 3%, which is favorable for food distributors [9] - The company aims to achieve an Adjusted EBITDA margin of 6.5%-7% by fiscal 2028 [28] Business Line Data and Key Metrics Changes - The company has diversified its offerings significantly over the past decade, serving various sectors including upscale casual dining, cruise ships, hotels, and caterers [4] - The protein division is currently strong, and the company anticipates that its presence in fresh produce will triple or quadruple as other categories grow [21][22] Market Data and Key Metrics Changes - The food away from home market is valued at $400 billion, and the company is targeting a 10% market share [16][18] - The company has seen significant growth in regions like Texas and Florida, with Texas being compared to a startup due to its rapid expansion [32][33] Company Strategy and Development Direction - The company focuses on being a primary supplier to independent restaurants and cafes, while also expanding its presence in various categories [22] - The strategy includes a pause on M&A to integrate recent acquisitions and improve operational efficiencies [31] - The company aims to leverage technology and automation in distribution centers to enhance efficiency and customer experience [30] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about consumer spending, noting that celebratory spending is still strong despite economic uncertainties [6] - The company is well-prepared to manage inflationary pressures and has a diversified product range to mitigate risks [8][12] - Management believes that the future of distribution will involve more consulting roles to help customers navigate challenges, particularly in labor [25] Other Important Information - The company has a strong commitment to training its sales force to adapt to changing market dynamics and improve customer service [26] - The company has built a robust supply chain with many small producers, allowing for exclusive partnerships and brand development [18] Q&A Session Summary Question: How is the company adapting to potential economic tailwinds? - Management does not model potential tailwinds but acknowledges that increased disposable income could benefit the business [6] Question: What is the outlook on inflation and pricing? - The company has seen volatility in certain categories but can manage through it effectively, aiming for a normalized inflation range of 1%-4% [12] Question: How does the company view competition and market positioning? - The company operates in a competitive market but differentiates itself through its focus on quality and relationships with creative chefs [15][16] Question: What is the company's approach to M&A? - Management is currently opportunistic regarding M&A but is focused on organic growth and integrating existing acquisitions [31][33]

Core Insights - The Chefs' Warehouse, Inc. has provided a preliminary outlook for fiscal year 2026 following a strong fourth quarter of 2025, indicating positive business trends [2][7] Financial Guidance - The company forecasts net sales to be in the range of $4.35 billion to $4.45 billion for fiscal year 2026 [7] - Gross profit is expected to be between $1.053 billion and $1.076 billion [7] - Adjusted EBITDA, a non-GAAP measure, is projected to be between $276 million and $286 million [7] - The diluted share count is anticipated to be between 46.0 million and 46.7 million shares, including approximately 6.5 million shares from convertible notes due in 2028 [2] Non-GAAP Financial Measures - The company presents forecasted EBITDA and adjusted EBITDA as additional metrics to evaluate its performance, which are not determined in accordance with GAAP [4] - These measures are intended to provide a more complete understanding of the company's operating performance [4][5] Upcoming Events - The company will participate in a fireside chat at the ICR Conference on January 13, 2026, at 11:30 a.m. ET, which will be available via webcast [3]

Core Viewpoint - The Chefs' Warehouse, Inc. will participate in a fireside chat at the ICR Conference on January 13, 2026, at 11:30 a.m. ET, highlighting its role as a premier distributor of specialty food products [1]. Company Overview - The Chefs' Warehouse, Inc. is a leading distributor of specialty food products in the United States, the Middle East, and Canada, catering to chefs and operators of independent restaurants, fine dining establishments, and various culinary businesses [3]. - The company distributes over 88,000 products to more than 50,000 customer locations across its operational regions [3]. Investor Engagement - Investors and interested parties can access a webcast of the fireside chat through the company's investor relations website [2]. Contact Information - For further inquiries, the company's CFO, Jim Leddy, can be contacted at (718) 684-8415 [4].

Group 1 - The service provided by Crude Value Insights focuses on oil and natural gas investments, emphasizing cash flow generation and the potential for value and growth [1] - Subscribers have access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas sector [2]

Core Insights - The Chef's Warehouse is a prominent food distributor catering to high-end clients, including luxury hotels and Michelin-starred restaurants, focusing on the top 10% of earners globally [1][2] Financial Performance - The Chef's Warehouse has consistently exceeded earnings expectations for eight consecutive quarters, with Q3 2025 revenue reaching $1.02 billion, marking a 10% year-over-year increase from Q3 2024 and surpassing the consensus estimate of $986 million [4] - The company's stock has appreciated by 113% over the past two years, closing 2025 with three consecutive months of gains and a 25% increase for the year [5] - Analysts project a 7.2% increase in total sales for 2026, indicating a positive growth trajectory for the company [5][7] Market Position - The luxury food distribution market remains resilient, with high-income earners unlikely to reduce spending on fine dining, suggesting a stable demand for The Chef's Warehouse's products [2]

Core Viewpoint - Chefs' Warehouse (CHEF) has shown strong year-to-date performance, significantly outperforming the Consumer Staples sector, which has seen negative returns. Group 1: Company Performance - Chefs' Warehouse has returned approximately 21.7% since the beginning of the calendar year [4] - The Zacks Consensus Estimate for CHEF's full-year earnings has increased by 8.6% over the past quarter, indicating improved analyst sentiment [3] - The stock currently holds a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook for future performance [3] Group 2: Sector Comparison - The Consumer Staples sector has an average return of -0.5% year-to-date, highlighting Chefs' Warehouse's superior performance within this group [4] - Another outperforming stock in the Consumer Staples sector is JAPAN TOB (JAPAY), which has increased by 47.9% year-to-date [4] - Chefs' Warehouse is part of the Food - Miscellaneous industry, which has seen an average loss of 14.5% this year, further emphasizing CHEF's strong performance [5]