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	Jun 27, 2025	Dec 27, 2024	Dec 29, 2023	Dec 30, 2022	Dec 24, 2021	Dec 25, 2020
Revenue	3,951	3,794	3,434	2,613	1,746	1,112
Revenue Growth (YoY)	7.90%	10.50%	31.39%	49.70%	57.05%	-30.17%
Cost of Revenue	2,995	2,880	2,619	1,995	1,355	848.88
Gross Profit	956.04	914.15	814.47	618.64	390.49	262.75
Selling, General & Admin	814.04	782.68	702.58	517.86	379.25	320.59
Other Operating Expenses	1.2	4.35	0.37	1.82	0.67	1.11
Operating Expenses	815.23	787.03	702.96	519.67	379.92	321.7
Operating Income	140.81	127.12	111.52	98.96	10.56	-58.95
Interest Expense	-44.71	-48.68	-45.47	-43.85	-17.59	-20.95
EBT Excluding Unusual Items	96.1	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	96.58	79.53	55.47	41.89	-6.78	-123.61
Income Tax Expense	27.03	24.05	20.88	14.14	-1.85	-40.7
Net Income	69.55	55.48	34.59	27.75	-4.92	-82.9
Net Income to Common	69.55	55.48	34.59	27.75	-4.92	-82.9
Net Income Growth	70.57%	60.39%	24.65%	-	-	-
Shares Outstanding (Basic)	38	38	38	37	37	34
Shares Outstanding (Diluted)	46	46	46	39	37	34
Shares Change (YoY)	-7.04%	0.75%	17.80%	5.44%	8.98%	12.11%
EPS (Basic)	1.81	1.46	0.92	0.75	-0.13	-2.46
EPS (Diluted)	1.62	1.32	0.88	0.73	-0.13	-2.46
EPS Growth	63.82%	50.69%	19.82%	-	-	-
Free Cash Flow	118.2	103.56	4.21	-22.71	-58.7	35.85
Free Cash Flow Per Share	2.57	2.25	0.09	-0.59	-1.60	1.06
Gross Margin	24.20%	24.09%	23.72%	23.67%	22.37%	23.64%
Operating Margin	3.56%	3.35%	3.25%	3.79%	0.60%	-5.30%
Profit Margin	1.76%	1.46%	1.01%	1.06%	-0.28%	-7.46%
Free Cash Flow Margin	2.99%	2.73%	0.12%	-0.87%	-3.36%	3.23%
EBITDA	206.62	186.6	161.15	131.45	39.45	-30.47
EBITDA Margin	5.23%	4.92%	4.69%	5.03%	2.26%	-2.74%
D&A For EBITDA	65.81	59.49	49.63	32.49	28.89	28.49
EBIT	140.81	127.12	111.52	98.96	10.56	-58.95
EBIT Margin	3.56%	3.35%	3.25%	3.79%	0.60%	-5.30%
Effective Tax Rate	27.98%	30.24%	37.64%	33.75%	-	-

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

SEC Filings: 10-K · 10-Q