NASDAQ$CHEF
The Chefs' Warehouse Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results with net sales increasing and completed several acquisitions.
The Chefs' Warehouse reported a 40.5% increase in net sales to $719.6 million for the first quarter of 2023. GAAP net income remained consistent at $1.4 million, or $0.04 per diluted share. Adjusted EBITDA increased to $32.8 million, and adjusted net income per share rose to $0.12.
- Net sales increased by 40.5% to $719.6 million compared to Q1 2022.
- GAAP net income was $1.4 million, or $0.04 per diluted share, consistent with the previous year.
- Adjusted net income per share increased to $0.12 compared to $0.10 in the first quarter of 2022.
- Adjusted EBITDA increased to $32.8 million from $21.5 million in the prior year.
Headline financials
Revenue & EPS history
Chefs' Warehouse · Revenue · Quarterly
$720M
Forward guidance
The Company is providing full year financial guidance. Estimated net sales for the full year of 2023 will be in the range of $3.20 billion to $3.30 billion; Gross profit to be between $768.0 million and $792.0 million and Adjusted EBITDA to be between $199.0 million and $207.0 million
Tailwinds
- Estimated net sales for the full year of 2023 will be in the range of $3.20 billion to $3.30 billion
- Gross profit to be between $768.0 million and $792.0 million
- Adjusted EBITDA to be between $199.0 million and $207.0 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.8%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+5.7%
Avg return
30 days after
59%
38 / 64 earnings
Positive
+24.6%
Q3 2023
Best reaction
-28.8%
Q2 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +17.8% | +21.4% | +19.1% | |
| Q4 2025 | -1.9% | +4.7% | -1.2% | |
| Q3 2025 | +6.2% | +3.6% | +4.6% | |
| Q1 2025 | +6.9% | +14.0% | +19.7% | |
| Q4 2024 | +9.4% | +19.9% | -3.7% | |
| Q3 2024 | -3.2% | -3.0% | +8.5% | |
| Q2 2024 | -1.5% | -10.4% | +3.9% | |
| Q1 2024 | +11.7% | +14.1% | +19.2% | |
| Q4 2023 | +3.7% | +10.3% | +12.8% | |
| Q3 2023 | +24.6% | +26.8% | +43.2% | |
| Q2 2023 | -17.2% | -17.6% | -22.1% | |
| Q1 2023 | +4.5% | +7.1% | -1.7% | |
| Q4 2022 | -5.1% | -3.4% | -15.4% | |
| Q3 2022 | +4.1% | +7.3% | +10.9% | |
| Q2 2022 | -2.6% | -4.2% | -9.1% | |
| Q1 2022 | +1.1% | +2.6% | -1.7% | |
| Q4 2021 | +7.5% | +6.3% | -8.8% | |
| Q3 2021 | +14.9% | +21.9% | +6.4% | |
| Q2 2021 | +10.2% | +6.1% | +13.6% | |
| Q1 2021 | -8.1% | -10.5% | -12.6% | |
| Q4 2020 | -2.2% | -0.1% | +13.3% | |
| Q3 2020 | -13.2% | -13.8% | +45.7% | |
| Q2 2020 | +4.4% | -4.4% | +39.7% | |
| Q1 2020 | +10.7% | +25.3% | +59.1% | |
| Q4 2019 | -4.1% | -5.5% | -55.5% | |
| Q3 2019 | -14.4% | -11.7% | -8.1% | |
| Q2 2019 | +3.3% | +2.8% | +7.2% | |
| Q1 2019 | +1.7% | +5.5% | -3.1% | |
| Q4 2018 | -4.2% | -4.8% | -14.0% | |
| Q3 2018 | +4.1% | +3.9% | +13.3% | |
| Q2 2018 | +7.8% | +7.1% | +9.1% | |
| Q1 2018 | +11.7% | +9.1% | +5.0% | |
| Q4 2017 | +9.2% | +11.1% | +22.0% | |
| Q3 2017 | -19.2% | -9.5% | +0.2% | |
| Q2 2017 | +18.2% | +22.3% | +13.7% | |
| Q1 2017 | +9.5% | +6.2% | +11.4% | |
| Q4 2016 | -3.5% | -4.7% | -12.7% | |
| Q3 2016 | +1.8% | +1.8% | +18.4% | |
| Q2 2016 | -28.8% | -32.0% | -29.5% | |
| Q1 2016 | -17.5% | — | — | |
| Q4 2015 | +21.4% | — | — | |
| Q3 2015 | +13.3% | — | — | |
| Q2 2015 | -9.9% | — | — | |
| Q1 2015 | +5.2% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | -6.2% | — | — | |
| Q4 2013 | -2.2% | — | — | |
| Q3 2013 | -5.5% | — | — | |
| Q2 2013 | +10.3% | — | — | |
| Q1 2013 | +11.4% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | -4.8% | — | — | |
| Q2 2012 | -19.1% | — | — | |
| Q1 2011 | -2.7% | — | — | |
| Q1 2012 | +4.4% | — | — | |
| Q2 2011 | +4.4% | — | — | |
| Q4 2011 | +4.4% | — | — | |
| Q4 2009 | +4.4% | — | — | |
| Q3 2010 | -4.4% | — | — | |
| Q3 2011 | +9.4% | — | — | |
| Q4 2010 | +9.4% | — | — | |
| Q2 2010 | +9.4% | — | — | |
| Q1 2010 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro