Chefs' Warehouse Q4 net sales jump 10.5% to $1.14 billion, EBITDA rises
The Chefs' Warehouse posted a 10.5% increase in Q4 net sales to $1.14 billion and boosted adjusted EBITDA 17.7% to $80.3 million year-over-year. The company reported GAAP earnings of $0.50 per share and raised its 2026 revenue outlook to $4.35–4.45 billion with adjusted EBITDA guidance of $276–286 million.
1. Fourth Quarter 2025 Financial Results
Net sales rose 10.5% to $1.14 billion driven by 9.7% organic growth and a 0.8% contribution from acquisitions. GAAP net income was $21.7 million or $0.50 per diluted share, while adjusted net income per share reached $0.68 and adjusted EBITDA climbed 17.7% to $80.3 million.
2. Profitability and Margin Trends
Gross profit increased 10.2% to $276.6 million, though gross margin slipped 8 basis points to 24.2% reflecting category mix shifts. Selling, general and administrative expenses rose 8.9% to $225.2 million, driven by higher compensation, facility investments and self-insurance costs, leaving operating income at 3.8% of net sales.
3. 2026 Financial Guidance
The company projects fiscal 2026 net sales of $4.35–4.45 billion, gross profit between $1.053–1.076 billion and adjusted EBITDA of $276–286 million, underscoring expectations for continued top-line and profitability growth.