Chefs' Warehouse Q2 sales rise 13%, beat estimates

Overview

• US specialty food distributor's Q2 sales rose 13%, beating analyst expectations

• Adjusted EPS for Q2 beat analyst expectations

• Company cites higher sales volumes, price inflation, and acquisitions for revenue growth

Outlook

• Company sees 2026 net sales between $4.50 bln and $4.60 bln

• Chefs' Warehouse expects 2026 gross profit of $1.102 bln to $1.125 bln

• Company forecasts 2026 adjusted EBITDA of $305 mln to $315 mln

Result Drivers

• SALES VOLUME CUSTOMER GROWTH - Organic case count rose 6% in specialty category, with unique customer and placement increases of 3.6% and 7.2%, respectively

• PRICE INFLATION ACQUISITIONS - Gross profit increase was primarily due to higher sales volumes, price inflation, and acquisitions

• OPERATIONAL EFFICIENCY - Ongoing improvements in operational efficiency contributed to results, per CEO Christopher Pappas

Company press release: ID:nGNX9mdWjv

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)