Company: CHEF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001517175-25-000021
Chunk: 27

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 27
---
 of the entity, such as for acquisitions or to 

15

repurchase its common shares. Additionally, gross profit is used to monitor budget versus actual results and in competitive analysis by benchmarking to the Company’s competitors. Consolidated total assets, reported on the balance sheet, is the measure of segment assets.The following table presents information about the Company’s foodservice distribution segment: Thirteen Weeks EndedThirty-Nine Weeks Ended September 26, 2025September 27, 2024September 26, 2025September 27, 2024Net sales (1):United States$937,580 $858,120 $2,731,000 $2,524,560 International83,739 73,332 275,973 236,084 Net sales$1,021,319 $931,452 $3,006,973 $2,760,644 Less:Cost of sales - non-production costs (2)756,903 688,389 2,227,434 2,041,796 Cost of sales - food processing costs (3)(4)17,225 18,315 52,014 55,662 Cost of sales774,128 706,704 2,279,448 2,097,458 Gross profit$247,191 $224,748 $727,525 $663,186 (1)The Company’s revenue is disaggregated by geographic area based on sales office location. No country outside of the United States had revenue greater than 10% of consolidated revenue for the thirteen and thirty-nine weeks ended September 26, 2025 and September 27, 2024.(2)Non-production costs represent the net purchase price paid for products sold, plus the cost of transportation necessary to bring the product to the Company’s distribution facilities. Non-production costs include purchase incentives and product purchase credits from certain vendors.(3)Food processing costs include but are not limited to, direct labor and benefits, applicable overhead and depreciation of equipment and facilities used in food processing activities.(4)Food processing costs included $242 and $300 of depreciation expense for the thirteen weeks ended September 26, 2025 and September 27, 2024, respectively and $760 and $962 for the thirty-nine weeks ended September 26, 2025 and September 27, 2024, respectively.Refer to the condensed consolidated statements of operations and comprehensive income for the