Company: CHEF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036589
Chunk: 7

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 7
---
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

THE CHEFS’ WAREHOUSE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

 (Unaudited)

(Amounts in thousands, except share data)

June 27, 2025 December 27, 2024ASSETS  Current assets:  Cash and cash equivalents$96,866 $114,655 Accounts receivable, net of allowances ($25,238 in 2025, $22,341 in 2024)350,753 366,311 Inventories367,905 316,014 Prepaid expenses and other current assets67,923 71,063 Total current assets883,447 868,043 Property and equipment, net310,792 275,781 Operating lease right-of-use assets201,459 191,423 Goodwill356,537 356,298 Intangible assets, net148,351 160,383 Other assets6,668 6,763 Total assets$1,907,254 $1,858,691 LIABILITIES AND STOCKHOLDERS’ EQUITY  Current liabilities:  Accounts payable$278,896 $266,775 Accrued liabilities72,950 68,538 Short-term operating lease liabilities22,050 21,965 Accrued compensation46,901 50,078 Current portion of long-term debt19,074 18,040 Total current liabilities439,871 425,396 Long-term debt, net of current portion690,223 688,744 Operating lease liabilities198,695 187,079 Deferred taxes, net16,936 15,891 Other liabilities3,811 3,935 Total liabilities1,349,536 1,321,045 Commitments and contingenciesStockholders’ equity:  Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at June 27, 2025 and December 27, 2024, respectively— — Common Stock - $0.01 par value, 100,000,000 shares authorized, 40,737,795 and 40,248,884 shares issued and outstanding at June 27, 2025 and December 27, 2024, respectively407 402 Additional paid-in capital