Company: CHEF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001517175-25-000021
Chunk: 61

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 61
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 weeks ended September 26, 2025 and September 27, 2024, respectively. The effective tax rate for the thirteen weeks ended September 26, 2025 reflects the annual effective tax rate estimated for the full fiscal year and includes a discrete charge related to a return to provision adjustment on the 2024 tax return.

Thirty-Nine Weeks Ended September 26, 2025 Compared to Thirty-Nine Weeks Ended September 27, 2024 

Net Sales

20252024$ Change% ChangeNet sales$3,006,973 $2,760,644 $246,329 8.9 %

Net sales increased due to organic growth. Case count increased approximately 4.1% in our specialty category, representing an increase in net sales of $69.6 million. In addition, unique customers and placements in our specialty category increased 3.6% and 7.2%, respectively, compared to the prior year period. Pounds sold in our center-of-the-plate category decreased 2.2% compared to the prior year period, representing a decrease in net sales of $22.9 million, primarily due to our exit from a non-core commodity poultry program in fiscal 2025. Estimated inflation increased sales by $80.6 million, or 4.7%, in our specialty category and by $102.5 million, or 9.7%, in our center-of-the-plate category compared to the prior year period.

Gross Profit

20252024$ Change% ChangeGross profit$727,525 $663,186 $64,339 9.7 %Gross profit margin24.2 %24.0 %

Gross profit dollars increased $59.2 million as a result of sales growth which includes inflation, with the remainder of the increase primarily due to improved gross profit margin rates. Gross profit margin increased approximately 17 basis points due to improved inventory management and favorable production cost leverage. Gross profit margins increased 42 basis points in the Company’s specialty category, or $7.8 million, and decreased 24 basis points in the Company’s center-of-the-plate category, or $2.8 million, compared to the prior year period.

Selling, General and Administrative Expenses

20252024$ Change% ChangeSelling, general and administrative expenses$624,638 $578,049 $46,589 8.1 %Percentage of net sales20.8 %20.