Q3 2025 Chefs' Warehouse Inc Earnings Call Transcript
Key Points
- The Chefs' Warehouse Inc (CHEF) reported a 9.6% growth in net sales for the third quarter of 2025, reaching $1.021 billion.
- Gross profit increased by 10% to $247.2 million, with gross profit margins improving by approximately 7 basis points.
- The company completed the acquisition of Italco Food Products, expanding its presence in the Denver, Colorado market.
- Adjusted EBITDA for the third quarter of 2025 was $65.1 million, up from $54.5 million in the prior year quarter.
- The Chefs' Warehouse Inc (CHEF) raised its full-year financial guidance, estimating net sales between $4.085 billion and $4.115 billion.
- The company experienced a decrease in gross margin in the center-of-the-plate category by approximately 49 basis points year-over-year.
- Selling, general, and administrative expenses increased by approximately 7.9% due to higher compensation and benefits costs.
- The Texas commodity poultry program attrition impacted reported inflation and unique customer growth metrics.
- The Middle East business faced temporary setbacks due to heightened conflict, affecting unique customer growth.
- Despite positive trends, the company remains cautious about potential impacts from economic uncertainties, such as government shutdowns.
Greetings, and welcome to The Chefs' Warehouse third-quarter 2025 earnings conference call. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Alex Aldous, General Counsel, Corporate Secretary, and Chief Government Relations Officer. Please go ahead, sir.
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Thank you, operator. Good morning, everyone. With me on today's call are Chris Pappas, Founder, Chairman, and CEO; and Jim Leddy, our CFO. By now, you should have access to our third -uarter 2025 earnings press release. It can also be found at www.chefswarehouse.com under the Investor Relations section. Throughout this conference call, we will be presenting non-GAAP financial measures, including, among others, historical and estimated EBITDA and adjusted EBITDA as well as historical adjusted net income
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