Chefs’ Warehouse Provides Preliminary Fiscal Year 2025 Guidance

The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) unveiled its preliminary outlook for fiscal year 2025 in a recent press release. The company, known for distributing specialty food products in the U.S., the Middle East, and Canada, has forecasted its financial guidance based on current business trends.

For the fiscal year 2025, Chefs’ Warehouse anticipates the following financial figures:

– Net sales within the range of $3.94 billion to $4.04 billion
– Gross profit expected to fall between $951 million and $976 million
– Adjusted EBITDA projected to be in the range of $233 million to $246 million

It’s important to note that Adjusted EBITDA, a non-GAAP measure, has a reconciliation provided in the press release for a better understanding.

The company’s full-year diluted share count is estimated to be between 46.3 and 47.0 million shares, assuming no future share repurchases. Additionally, Chefs’ Warehouse has factored in that its senior convertible notes due in 2028 could be dilutive for the full year, incorporating approximately 6.5 million shares that might be issued upon conversion of the notes.

Chefs’ Warehouse plans to host an Investor Day on March 13, 2025, in New York City, which will also be webcast live. The event aims to provide further insights into the company’s plans and strategies moving forward.

These forward-looking statements come with inherent risks and uncertainties, the nature of which could impact the company’s actual results. Some factors that may influence these projections include economic conditions, competition, supply chain disruptions, consumer preferences, regulatory changes, and various other external factors.

The company’s management believes that these non-GAAP financial measures provide a comprehensive evaluation of the forecasted results, complementing the GAAP figures. The use of Adjusted EBITDA alongside GAAP measures enables a better assessment of the company’s operating performance.

Investors and stakeholders are urged to refer to the detailed risk factors outlined in Chefs’ Warehouse’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission to grasp a deeper understanding of the potential challenges ahead. The company will update these projections as necessary under applicable laws to ensure accuracy and transparency.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Chefs’ Warehouse’s 8K filing here.

Chefs’ Warehouse Company Profile

The Chefs’ Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company’s product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.