Overview

* Chefs' Warehouse ( CHEF ) fiscal Q2 sales rise 8.4%, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q2 beats analyst estimates

* Gross profit rises due to increased sales and price inflation

Outlook

* Chefs' Warehouse ( CHEF ) projects 2025 net sales between $4.0 bln and $4.06 bln

* Company expects 2025 gross profit to range from $964 mln to $979 mln

* Chefs' Warehouse ( CHEF ) forecasts 2025 adjusted EBITDA between $240 mln and $250 mln

Result Drivers

* VOLUME GROWTH - Strong unit volume and unique item placement growth contributed to sales increase

* POULTRY PROGRAM EXIT - Decline in organic pounds sold due to exit from non-core commodity poultry program

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $1.03 $1.02

bln bln (7

Analysts

)

Q2 Beat $0.52 $0.46 (5

Adjusted Analysts

EPS )

Q2 $22.50

Adjusted mln

Net

Income

Q2 $65.40

Adjusted mln

EBITDA

Q2 $40.20

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the food retail & distribution peer group is "buy"

* Wall Street's median 12-month price target for Chefs' Warehouse Inc ( CHEF ) is $72.50, about 15.1% above its July 29 closing price of $61.56

* The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)