The Chefs' Warehouse, Inc. (CHEF), operating through its various subsidiaries, focuses on supplying high-end and gourmet food products across both the United ...
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Est. EPS $2.54 · Revenue $4.58B · 5 analysts
Est. EPS $3.07 · Revenue $4.97B · 5 analysts
Est. EPS $0.86 · Revenue $1.32B · 3 analysts
Est. EPS $3.49 · Revenue $5.39B · 2 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $4.1B | +9.4% | +10.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $72.4M | +30.4% | +94.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +24.2% | +0.4% | +3.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +3.7% | +9.2% | +60.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +1.7% | +19.3% | +76.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $87.8M | -15.2% | +60.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +2.1% | -22.5% | +45.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 194.7% | +14.3% | -9.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.05x | +0.4% | -1.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.0B | +9.1% | +1.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.68 vs 1.87 | -10.0% | 0.76 vs 0.86 | -11.6% |
| Revenue Surprise | $4.1B vs $4.1B | +1.1% | $1.2B vs $1.3B | -11.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Aldous Alexandros | officer: General Counsel | Common Stock | D | 6,172 | $113.19 |
| Aug 14, 2026 | Aldous Alexandros | officer: General Counsel | Common Stock | D | 8,364 | $112.16 |
| Aug 14, 2026 | Aldous Alexandros | officer: General Counsel | Common Stock | D | 9,514 | $110.93 |
| Aug 14, 2026 | Aldous Alexandros | officer: General Counsel | Common Stock | D | 3,380 | $110.16 |
| Aug 14, 2026 | Aldous Alexandros | officer: General Counsel | Common Stock | D | 4,213 | $108.78 |
Operator: Greetings, welcome to The Chefs' Warehouse second quarter 2026 earnings conference call. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Alex Aldous, General Counsel, Corporate Secretary, and Chief Government Relations Officer. Please go ahead, sir. Alex Aldous: Thank you, operator. Good morning, everyone. With me on today's call are Chris Pappas, Founder, Chairman, and CEO, and Jim Leddy, our CFO. By now, you should have access to our second quarter 2026 earnings press release. It can also be found at www.chefswarhouse.com under the investor relations section. Throughout this conference call, we will be presenting non-GAAP financial measures, including, among others, historical and estimated EBITDA and adjusted EBITDA, as well as historical adjusted net income, adjusted earnings per share, adjusted operating expenses, adjusted operating expenses as a percentage of net sales and as a percentage of gross profit, net debt, net debt leverage, and free cash flow. These measures are not calculated in accordance with GAAP and may be calculated differently in similarly titled non-GAAP financial measures used by other companies. Quantitative reconciliations of our non-GAAP financial measures to their most directly comparable GAAP financial measures appear in today's press release and second quarter 2026 earnings presentation. Before we begin our formal remarks, I need to remind everyone that part of our discussion today will include forward-looking statements, including statements regarding our estimated financial performance. Such forward-looking statements are not guarantees of future performance, and therefore you should not put undue reliance on them. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. Some of these risks are mentioned in today's release. Others are discussed in our annual report on Form 10-K and quarterly reports on Form 10-Q, which are available on the SEC website. Today, we are going to provide a business update and go over our second quarter results in detail. We are also providing an update to our five-year financial targets. For a portion of our discussion this morning, we will refer to a few slides posted on The Chefs' Warehouse website under the investor relations section titled Second Quarter 2026 Earnings Presentation. Please note that these slides are disclosed at this time for illustration purposes only. We will open up the call for questions. With that, I will turn the call over to Chris Pappas. Chris? Chris Pappas: Thank you, Alex, and thank you all for joining our second quarter 2026 earnings call. Today, Jim and I will begin our remarks with an update on second quarter results and provide an increase to our full year 2026 financial guidance, followed by an update to our five-year financial targets, taking our previously provided 2028 targets out to 2030. Second …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Christopher Pappas | Founder, Chairman, Chief Executive Officer & President | USD 4,876,965 | Male | 1960 | Active |
John Pappas | Founder, Vice Chairman & Chief Operating Officer | USD 2,746,212 | Male | 1964 | Active |
James F. Leddy | Chief Financial Officer & Assistant Secretary | USD 961,908 | Male | 1963 | Active |
Alexandros Aldous | Gen. Counsel, Chief Government Relations Officer, Corporate Secretary & Chief Administrative Officer | USD 900,326 | Male | 1981 | Active |
Christina Polychroni | Chief Human Resources Officer | USD 718,674 | Female | 1980 | Active |
Timothy McCauley | Chief Accounting Officer | USD 495,601 | Male | 1965 | Active |
Jonathan Steckler | Executive Vice President of Supply Chain & Business Intelligence | — | Male | 1969 | Active |
RIDGEFIELD, Conn., Aug. 04, 2026 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ:CHEF), ("the Company" or “Chefs”) a premier distributor of specialty food products in the United States, the Middle East, and Canada announced today that it commenced a refinancing process with the marketing of a new $625 million term loan facility, subject to market and other considerations.
Chefs' Warehouse (CHEF) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Arrowstreet Capital Limited Partnership increased its stake in The Chefs' Warehouse, Inc. (NASDAQ: CHEF) by 8.4% in the undefined quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,040 shares of the company's stock after acquiring an additional 13,318 shares during the quarter. Arrowstreet Capital
Chefs' Warehouse tops Q2 estimates as higher volumes, customer growth and margin gains lift sales, earnings and operating profitability.
Chef's Warehouse delivered stronger-than-expected results, prompting a significant upward revision in EBITDA guidance to $305–$315 million for FY 2025. CHEF's organic sales growth of 12.2% and margin expansion reflect robust demand and operational leverage in a resilient, premium restaurant economy. Valuation remains stretched, with shares trading at 17–18x EBITDA and a forward P/E of 44x, well above historical averages and requiring optimistic assumptions for upside.
