Company: CHEF
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001517175-25-000021
Chunk: 31

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 31
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$2,760,644 Cost of sales774,128 706,704 2,279,448 2,097,458 Gross profit247,191 224,748 727,525 663,186 Selling, general and administrative expenses208,125 192,894 624,638 578,049 Other operating expenses (income), net130 (28)1,000 3,385 Operating income38,936 31,882 101,887 81,752 Interest expense10,535 11,743 31,503 36,677 Income before income taxes28,401 20,139 70,384 45,075 Provision for income tax expense9,253 6,041 19,707 13,522 Net income$19,148 $14,098 $50,677 $31,553 

19

Thirteen Weeks Ended September 26, 2025 Compared to Thirteen Weeks Ended September 27, 2024 

Net Sales

20252024$ Change% ChangeNet sales$1,021,319 $931,452 $89,867 9.6 %

Net sales increased due to organic growth. Case count increased approximately 3.2% in our specialty category, representing an increase in net sales of $18.6 million. In addition, unique customers and placements in our specialty category increased 2.6% and 5.3%, respectively, compared to the prior year quarter. Pounds sold in our center-of-the-plate category decreased 1.1% compared to the prior year quarter, representing a decrease in net sales of $4.0 million, primarily due to our exit from a non-core commodity poultry program in fiscal 2025. Estimated inflation increased sales by $25.7 million, or 4.4% in our specialty category and by $42.8 million, or 12.3% in our center-of-the-plate category compared to the prior year quarter.

Gross Profit

20252024$ Change% ChangeGross profit$247,191 $224,748 $22,443 10.0 %Gross profit margin24.2 %24.1 %

Gross profit dollars increased $21.7 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