Company: CHEF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036589
Chunk: 1

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 1
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 Provision for income tax expense8,260 6,653 10,454 7,481 Net income$21,241 $15,524 $31,529 $17,455 

17

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 our center-of-the-plate category decreased 4.0% compared to the prior year quarter, primarily due to our exit from a non-core commodity poultry program in fiscal 2025. Estimated inflation was 5.0% in our specialty category and 10.8% in our center-of-the-plate category compared to the prior year quarter.

Gross Profit

20252024$ Change% ChangeGross profit$254,339 $229,002 $25,337 11.1 %Gross profit margin24.6 %24.0 %

Gross profit dollars increased primarily as a result of sales growth and price inflation. Gross profit margin increased approximately 59 basis points. Gross profit margins increased 59 basis points in the Company’s specialty category and increased 56 basis points in the Company’s center-of-the-plate category. 

Selling, General and Administrative Expenses

20252024$ Change% ChangeSelling, general and administrative expenses$213,750 $194,834 $18,916 9.7 %Percentage of net sales20.7 %20.4 %

The increase in selling, general and administrative expenses was primarily due to higher costs associated with compensation and benefits to support sales growth, higher depreciation expense driven by facility and fleet investments and higher self-insurance expense. Our ratio of selling, general and administrative expenses to net sales increased 30 basis points due to the higher costs, partially offsetting our sales growth.

Other Operating Expenses, Net

20252024$ Change% ChangeOther operating expenses, net$373 $301 $72 23.9 %

Other operating expenses,