Chefs' Warehouse projects 2025 sales up to $4.04 billion

RIDGEFIELD, Conn. - The Chefs’ Warehouse, Inc. (NASDAQ: CHEF), a leading distributor of specialty food products in North America and the Middle East, provided its financial outlook for fiscal year 2025 today. The company forecasts net sales to range from $3.94 billion to $4.04 billion, with a gross profit projected between $951 million and $976 million. Adjusted EBITDA, a non-GAAP financial measure, is expected to be between $233 million and $246 million.

The full-year diluted share count is anticipated to be in the range of 46.3 million to 47.0 million shares, assuming no future share repurchases. The forecast includes approximately 6.5 million shares that could be issued upon the conversion of senior convertible notes due in 2028, which are expected to have a dilutive effect for the full year.

The Chefs' Warehouse (NASDAQ:CHEF) plans to host an Investor Day on March 13, 2025, in New York City. The event will be webcast live and a replay will be available subsequently on the company’s investor relations website.

The company's press release also highlighted the use of non-GAAP financial measures, such as EBITDA and adjusted EBITDA, to assess historical and prospective operating performance. These measures are intended to provide additional metrics that, when considered alongside GAAP results, offer a more complete understanding of the company's business. However, these non-GAAP financial measures are not standardized; different companies may calculate them differently, which could limit their usefulness as comparative measures.

The press release contains forward-looking statements based on current expectations and estimates. However, actual results could materially differ due to various risks and uncertainties, including economic conditions, market competition, supply chain disruptions, and regulatory changes, among others.

The Chefs' Warehouse serves a diverse customer base, including independent restaurants, fine dining establishments, country clubs, and specialty food stores, with a portfolio of over 70,000 products. The company emphasizes that its success is not guaranteed and that the projections are subject to change.

This financial outlook is based on a press release statement from The Chefs' Warehouse, Inc. and has not been independently verified. Investors are cautioned to consider the inherent risks and uncertainties that may affect future results.

In other recent news, The Chefs' Warehouse, a distributor of specialty food products, reported significant growth in its Q3 2024 results, with a 5.6% organic growth in net sales, amounting to $931.5 million. The company's gross profit margin also saw an increase, rising to 24.1%. These positive developments were driven by a 7.5% increase in specialty sales and a 4.7% growth in unique customer accounts. The company also repurchased $10 million in shares and discussed a term loan of $262 million maturing in 2029 with a reduced coupon rate.

Lake Street Capital Markets has upgraded its price target for Chefs' Warehouse shares to $60.00 from the previous $48.00, maintaining its Buy rating on the stock. The revised price target reflects the firm's confidence in the company's future financial performance, citing the de-risking of the approval process and management's focus on strategic transactions.

In an effort to modernize operations, Chefs' Warehouse announced a transition to an all-electronic stock system, eliminating the need for paper certificates. The company's board of directors has decided that all shares will be issued in book-entry form, effective immediately. This move is expected to increase security and efficiency for the company and its shareholders. These are the latest developments in the company's ongoing efforts to enhance its financial performance and operational efficiency.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.