Company: CHEF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036589
Chunk: 51

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 51
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 are presented in thousands.

Business Overview

We are a premier distributor of specialty foods in the leading culinary markets in the United States, the Middle East and Canada. We offer more than 88,000 stock-keeping units (“SKUs”), ranging from high-quality specialty foods and ingredients to basic ingredients and staples and center-of-the-plate proteins. We serve more than 50,000 core customer locations, primarily located in our 23 geographic markets across the United States, the Middle East and Canada, and the majority of our customers are independent restaurants and fine dining establishments. We also sell certain of our center-of-the-plate products directly to consumers through our Allen Brothers subsidiary.

RESULTS OF OPERATIONS

Thirteen Weeks EndedTwenty-Six Weeks EndedJune 27, 2025June 28, 2024June 27, 2025June 28, 2024Net sales$1,034,906 $954,704 $1,985,654 $1,829,192 Cost of sales780,567 725,702 1,505,320 1,390,754 Gross profit254,339 229,002 480,334 438,438 Selling, general and administrative expenses213,750 194,834 416,513 385,155 Other operating expenses, net373 301 870 3,413 Operating income40,216 33,867 62,951 49,870 Interest expense10,715 11,690 20,968 24,934 Income before income taxes29,501 22,177 41,983 24,936 Provision for income tax expense8,260 6,653 10,454 7,481 Net income$21,241 $15,524 $31,529 $17,455 

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Thirteen Weeks Ended June 27, 2025 Compared to Thirteen Weeks Ended June 28, 2024 

Net Sales

20252024$ Change% ChangeNet sales$1,034,906 $954,704 $80,202 8.4 %

Net sales increased due to organic growth as there was no impact from acquisitions. Case count increased approximately 3.5% in our specialty category. In addition, unique customers and placements in our specialty category increased 3.6% and 8.7%, respectively, compared to the prior year quarter. Pounds sold in