The Chefs' Warehouse, Inc. (CHEF)

The Chefs' Warehouse Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	3,434	2,613	1,746	1,112	1,592
Revenue Growth (YoY)	31.39%	49.70%	57.04%	-30.17%	10.19%
Cost of Revenue	2,619	1,995	1,355	863.48	1,205
Gross Profit	814.47	618.64	390.49	248.15	386.57
Selling, General & Admin	704.76	518.22	379.25	336.39	329.54
Other Operating Expenses	8.77	14.68	0.42	14.42	6.36
Operating Expenses	713.53	532.9	379.67	350.81	335.9
Operating Income	100.94	85.74	10.81	-102.66	50.67
Interest Expense / Income	45.47	43.85	17.59	20.95	18.26
Pretax Income	55.47	41.89	-6.78	-123.61	32.4
Income Tax	20.88	14.14	-1.85	-40.7	8.21
Net Income	34.59	27.75	-4.92	-82.9	24.19
Net Income Growth	24.65%	-	-	-	18.58%
Shares Outstanding (Basic)	38	37	37	34	30
Shares Outstanding (Diluted)	46	39	37	34	30
Shares Change	17.80%	5.44%	8.98%	12.11%	1.33%
EPS (Basic)	0.92	0.75	-0.13	-2.46	0.82
EPS (Diluted)	0.88	0.73	-0.13	-2.46	0.81
EPS Growth	20.55%	-	-	-	15.71%
Free Cash Flow	4.21	-22.71	-58.7	35.85	28.93
Free Cash Flow Per Share	0.11	-0.61	-1.60	1.06	0.98
Gross Margin	23.72%	23.67%	22.37%	22.32%	24.28%
Operating Margin	2.94%	3.28%	0.62%	-9.24%	3.18%
Profit Margin	1.01%	1.06%	-0.28%	-7.46%	1.52%
Free Cash Flow Margin	0.12%	-0.87%	-3.36%	3.22%	1.82%
Effective Tax Rate	37.64%	33.75%	-	-	25.34%
EBITDA	156.55	123.98	45.78	-68.7	78.7
EBITDA Margin	4.56%	4.74%	2.62%	-6.18%	4.94%
Depreciation & Amortization	55.61	38.25	34.97	33.97	28.03
EBIT	100.94	85.74	10.81	-102.66	50.67
EBIT Margin	2.94%	3.28%	0.62%	-9.24%	3.18%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).