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NEW YORK - Chefs’ Warehouse Inc. (NASDAQ:CHEF) reported better-than-expected first quarter results on Wednesday, with earnings and revenue surpassing analyst forecasts.
The specialty food distributor’s shares edged up 0.60% in premarket trading following the earnings release.
The company posted adjusted earnings per share of $0.25 for the quarter ended March 28, beating the consensus estimate of $0.20. Revenue rose 8.7% YoY to $950.7 million, exceeding analysts’ expectations of $927.34 million.
Net sales growth was driven by a 5.7% increase in organic case count in the specialty category. The company saw unique customer and placement increases of 4.5% and 7.7% respectively compared to the first quarter of 2024.
"First quarter 2025 business activity displayed typical seasonal cadence as revenue trends coming out of January increased steadily into February and March," said Christopher Pappas, Chairman and CEO of Chefs’ Warehouse.
Gross profit increased 7.9% to $226.0 million, though gross margins declined slightly to 23.8% from 24.0% a year ago.
For the full fiscal year 2025, Chefs’ Warehouse forecast revenue between $3.96 billion and $4.04 billion, in line with the Wall Street consensus of $4.01 billion.
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