The Chefs' Warehouse, Inc. (CHEF)

The Chefs' Warehouse Income Statement

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

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

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q