The Chefs' Warehouse Reports 9.6% Revenue Growth to $1.021 Billion in Latest Quarter

The Chefs' Warehouse, Inc. reported a significant increase in financial performance for the thirteen weeks ended September 26, 2025, with net sales reaching $1.021 billion, a 9.6% increase from $931.5 million in the same period last year. The company's gross profit also rose to $247.2 million, up 10% from $224.7 million, resulting in a gross profit margin of 24.2%. Net income for the quarter was $19.1 million, or $0.50 per share, compared to $14.1 million, or $0.37 per share, in the prior year. For the thirty-nine weeks ended September 26, 2025, net sales totaled $3.007 billion, an 8.9% increase from $2.761 billion, with net income of $50.7 million, up from $31.6 million.

The company experienced notable changes in its operational metrics, with a 3.2% increase in case count in the specialty category, contributing an additional $18.6 million to net sales. Unique customers and placements in this category also increased by 2.6% and 5.3%, respectively. However, pounds sold in the center-of-the-plate category decreased by 1.1%, primarily due to the company's exit from a non-core commodity poultry program. Inflationary pressures contributed an estimated $80.6 million to sales in the specialty category and $102.5 million in the center-of-the-plate category.

In terms of strategic developments, The Chefs' Warehouse announced the acquisition of Italco Food Products, a specialty food distributor based in Denver, for $16.5 million, which includes $5.5 million in cash and an $11 million unsecured note. This acquisition is expected to enhance the company's product offerings and market presence. The company also reported an increase in selling, general, and administrative expenses, which rose to $208.1 million, primarily due to higher compensation and benefits costs, as well as increased depreciation expenses.

Operationally, The Chefs' Warehouse served over 50,000 core customer locations across 23 geographic markets, with a focus on independent restaurants and fine dining establishments. The company reported a decrease in cash and cash equivalents to $65.1 million from $114.7 million at the end of the previous fiscal year, while working capital increased to $398.2 million from $328.0 million. The company’s total liabilities increased slightly to $1.339 billion, with long-term debt totaling $711.7 million.

Looking ahead, The Chefs' Warehouse anticipates continued growth driven by organic sales increases and strategic acquisitions. The company expects capital expenditures for fiscal 2025 to be between $40 million and $50 million, and it believes that its existing cash balances, working capital, and available credit will be sufficient to meet its operational needs over the next twelve months. The company remains focused on enhancing its product offerings and expanding its market share in the specialty food distribution sector.