NASDAQ$CHEF

The Chefs' Warehouse Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Chefs' Warehouse reported strong Q4 2024 financial results, achieving a record revenue quarter and demonstrating growth in net sales and profitability.

The Chefs' Warehouse reported an 8.7% increase in net sales to $1,033.6 million for Q4 2024, with GAAP net income rising to $23.9 million, or $0.55 per diluted share. The company experienced growth in organic case count, unique customer placements, and pounds sold in the center-of-the-plate category. Adjusted EBITDA also increased to $68.2 million.

  • Net sales increased by 8.7% to $1,033.6 million compared to Q4 2023.
  • GAAP net income was $23.9 million, or $0.55 per diluted share, up from $16.0 million, or $0.38 per diluted share, in Q4 2023.
  • Adjusted net income per share was $0.55, compared to $0.47 in the prior year.
  • Adjusted EBITDA increased to $68.2 million from $59.0 million in Q4 2023.

Headline financials

Total Revenue

$1.03B

Previous: $950M+8.8%
EPS (adj)

$0.55

Previous: $0.47+17.0%
Adjusted EBITDA

$68.2M

No prior period
Gross Profit Margin

24.3%

No prior period
Operating Income Margin

4.5%

No prior period
Capital Expenditures

-$8.38M

Previous: -$22.3M+62.4%
Net Income

$23.9M

Previous: $16M+49.4%
Operating Income

$46.5M

Previous: $38.2M+21.9%
Gross Profit

$251M

Previous: $229M+9.8%
R&D Expense

$0.00

No prior period

Revenue & EPS history

Chefs' Warehouse · Revenue · Quarterly

$1.03B

Q4 2024+8.8%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The company provided fiscal year 2025 financial guidance.

Tailwinds

  • Net sales are expected to be in the range of $3.94 billion to $4.04 billion.
  • Gross profit is projected to be between $951 million and $976 million.
  • Adjusted EBITDA is anticipated to be between $233 million and $246 million.
  • Company expects continued growth.
  • Company expects to maintain profitability.

Headwinds

  • Guidance is subject to various economic conditions and market risks.
  • Potential impacts from rising costs and supply chain disruptions.
  • Risks associated with integrating acquisitions.
  • Changes in consumer spending habits could affect performance.
  • Competition in the food industry may impact results.

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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

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