Company: CHEF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001517175-25-000008
Chunk: 11

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 11
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392,636 399,111 Accumulated other comprehensive loss(3,630)(3,807)Retained earnings152,228 141,940 Total stockholders’ equity541,640 537,646 Total liabilities and stockholders’ equity$1,838,576 $1,858,691 

See accompanying notes to the condensed consolidated financial statements.

4

THE CHEFS’ WAREHOUSE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Unaudited)

(Amounts in thousands, except share and per share amounts)

Thirteen Weeks EndedMarch 28,2025March 29,2024Net sales$950,748 $874,488 Cost of sales724,753 665,052 Gross profit225,995 209,436 Selling, general and administrative expenses202,763 190,321 Other operating expenses, net497 3,112 Operating income22,735 16,003 Interest expense10,253 13,244 Income before income taxes12,482 2,759 Provision for income tax expense2,194 828 Net income$10,288 $1,931 Other comprehensive (loss) income:Foreign currency translation adjustments177 (323)Comprehensive income$10,465 $1,608 Net income per share:  Basic$0.27 $0.05 Diluted$0.25 $0.05 Weighted average common shares outstanding: Basic38,695,791 37,820,725 Diluted46,091,441 38,626,885 

See accompanying notes to the condensed consolidated financial statements.

5

THE CHEFS’ WAREHOUSE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(Unaudited)

(Amounts in thousands, except share amounts) Common StockAdditionalPaid-inCapitalAccumulatedOtherComprehensiveLoss RetainedEarningsTreasury StockTotal SharesAmountSharesAmountBalance December 27, 202440,248,884 $402 $399,111 $(3,807)$141,940 — $— $537,646 Net income— — — — 10,288 — — 10,288 Stock compensation— — 4,