Company: CHEF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001517175-25-000008
Chunk: 32

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 32
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 28, 2025 are not necessarily indicative of the results to be expected for the full year.The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from management’s estimates.

8

Note 2 – Summary of Significant Accounting Policies

Revenue Recognition The following table presents the Company’s net sales disaggregated by principal product category:Thirteen Weeks EndedMarch 28, 2025March 29, 2024Center-of-the-Plate$361,492 38.0 %$342,936 39.2 %Specialty:Dry Goods150,106 15.8 %138,810 15.9 %Produce119,572 12.6 %126,125 14.4 %Pastry128,538 13.5 %101,868 11.6 %Cheese and Charcuterie65,175 6.9 %59,299 6.8 %Dairy and Eggs76,069 8.0 %58,126 6.6 %Oils and Vinegars31,650 3.3 %29,806 3.4 %Kitchen Supplies18,146 1.9 %17,518 2.1 %Total Specialty$589,256 62.0 %$531,552 60.8 %Total net sales$950,748 100 %$874,488 100 %The Company determines its product category classification based on how the Company currently markets its products to its customers. The Company’s definition of its principal product categories may differ from the way in which other companies present similar information. Net sales by product category includes estimates of product mix for certain locations that are not yet fully integrated into the Company’s sales reporting system as of the reporting date.Food Processing CostsFood 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. Food processing costs included in cost of sales were $18,252 and $19,070 for the thirteen weeks ended March 28, 2025 and March 29, 2024, respectively.Share RepurchasesThe Company has a share repurchase program that is executed through purchases