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

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 10
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ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

THE CHEFS’ WAREHOUSE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

 (Unaudited)

(Amounts in thousands, except share data)

September 26, 2025 December 27, 2024ASSETS  Current assets:  Cash and cash equivalents$65,061 $114,655 Accounts receivable, net of allowances ($26,417 in 2025, $22,341 in 2024)347,517 366,311 Inventories385,394 316,014 Prepaid expenses and other current assets71,004 71,063 Total current assets868,976 868,043 Property and equipment, net337,690 275,781 Operating lease right-of-use assets200,738 191,423 Goodwill356,633 356,298 Intangible assets, net144,401 160,383 Other assets7,598 6,763 Total assets$1,916,036 $1,858,691 LIABILITIES AND STOCKHOLDERS’ EQUITY  Current liabilities:  Accounts payable$227,883 $266,775 Accrued liabilities76,538 68,538 Short-term operating lease liabilities23,972 21,965 Accrued compensation55,722 50,078 Current portion of long-term debt21,623 18,040 Total current liabilities405,738 425,396 Long-term debt, net of current portion711,738 688,744 Operating lease liabilities196,786 187,079 Deferred taxes, net20,777 15,891 Other liabilities4,359 3,935 Total liabilities1,339,398 1,321,045 Commitments and contingenciesStockholders’ equity:  Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at September 26, 2025 and December 27, 2024, respectively— — Common Stock - $0.01 par value, 100,000,000 shares authorized, 40,674,744 and 40,248,884 shares issued and outstanding at September 26, 2025 and December 27, 2024, respectively407 402 Additional paid-in capital