Core Viewpoint - The Chefs' Warehouse reported strong financial results for Q4 2024, achieving over 1billioninrevenueforthefirsttimeinitshistory,drivenbyrobustdemandintheupscalediningsectorandeffectivemarketsharegrowth[3][4].FinancialPerformance−NetsalesforQ42024increasedby8.71,033.6 million from 950.5millioninQ42023[4][9].−Grossprofitroseby9.8251.0 million, with gross profit margins increasing by approximately 23 basis points to 24.3% [5][8]. - Operating income for Q4 2024 was 46.5million,upfrom38.2 million in Q4 2023, representing an operating income margin of 4.5% [8][9]. Customer and Market Dynamics - Organic case count in the specialty category increased by approximately 6.1%, with unique customer placements and new customer acquisitions rising by 4.5% and 12.3%, respectively [4][3]. - The company experienced strong demand across domestic and international markets, particularly during the holiday season [3]. Expense Management - Selling, general, and administrative expenses increased by approximately 8.9% to 206.8million,primarilyduetohigherdepreciation,compensation,anddistributioncosts[6][8].−OtheroperatingincomeforQ42024was2.3 million, compared to an expense of 0.5millioninQ42023,mainlyduetonon−cashcreditsrelatedtocontingentliabilities[7].EarningsandGuidance−NetincomeforQ42024was23.9 million, or 0.55perdilutedshare,comparedto16.0 million, or 0.38perdilutedshare,inQ42023[9][10].−Thecompanyprovidedfiscal2025guidance,projectingnetsalesintherangeof3.94 billion to 4.04billionandadjustedEBITDAbetween233 million and $246 million [15][29].
The Chefs' Warehouse(CHEF) Newsfilter·2025-02-12 12:00