The Chefs' Warehouse, Inc. (CHEF)

The Chefs' Warehouse Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 28, 2025	Dec 27, 2024	Dec 29, 2023	Dec 30, 2022	Dec 24, 2021	Dec 25, 2020
Revenue	3,870	3,794	3,434	2,613	1,746	1,112
Revenue Growth (YoY)	7.85%	10.50%	31.39%	49.70%	57.05%	-30.17%
Cost of Revenue	2,940	2,880	2,619	1,995	1,355	848.88
Gross Profit	930.71	914.15	814.47	618.64	390.49	262.75
Selling, General & Admin	795.12	782.68	702.58	517.86	379.25	320.59
Other Operating Expenses	1.13	4.35	0.37	1.82	0.67	1.11
Operating Expenses	796.25	787.03	702.96	519.67	379.92	321.7
Operating Income	134.46	127.12	111.52	98.96	10.56	-58.95
Interest Expense	-45.68	-48.68	-45.47	-43.85	-17.59	-20.95
EBT Excluding Unusual Items	88.78	78.44	66.04	55.11	-7.03	-79.9
Merger & Restructuring Charges	-2.18	-2.18	-5.66	-4.72	-0.45	-0.44
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.15
Asset Writedown	-	-	-1.84	-	-0.6	-38.8
Other Unusual Items	2.65	3.27	-3.08	-8.51	1.3	-4.32
Pretax Income	89.26	79.53	55.47	41.89	-6.78	-123.61
Income Tax Expense	25.42	24.05	20.88	14.14	-1.85	-40.7
Net Income	63.84	55.48	34.59	27.75	-4.92	-82.9
Net Income to Common	63.84	55.48	34.59	27.75	-4.92	-82.9
Net Income Growth	81.77%	60.39%	24.65%	-	-	-
Shares Outstanding (Basic)	38	38	38	37	37	34
Shares Outstanding (Diluted)	48	46	46	39	37	34
Shares Change (YoY)	4.58%	0.75%	17.80%	5.44%	8.98%	12.11%
EPS (Basic)	1.67	1.46	0.92	0.75	-0.13	-2.46
EPS (Diluted)	1.47	1.32	0.88	0.73	-0.13	-2.46
EPS Growth	66.38%	50.69%	19.82%	-	-	-
Free Cash Flow	126.94	103.56	4.21	-22.71	-58.7	35.85
Free Cash Flow Per Share	2.65	2.25	0.09	-0.59	-1.60	1.06
Gross Margin	24.05%	24.09%	23.72%	23.67%	22.37%	23.64%
Operating Margin	3.47%	3.35%	3.25%	3.79%	0.60%	-5.30%
Profit Margin	1.65%	1.46%	1.01%	1.06%	-0.28%	-7.46%
Free Cash Flow Margin	3.28%	2.73%	0.12%	-0.87%	-3.36%	3.23%
EBITDA	196.88	186.6	161.15	131.45	39.45	-30.47
EBITDA Margin	5.09%	4.92%	4.69%	5.03%	2.26%	-2.74%
D&A For EBITDA	62.42	59.49	49.63	32.49	28.89	28.49
EBIT	134.46	127.12	111.52	98.96	10.56	-58.95
EBIT Margin	3.47%	3.35%	3.25%	3.79%	0.60%	-5.30%
Effective Tax Rate	28.48%	30.24%	37.64%	33.75%	-	-

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q