Chefs' Warehouse Q3 sales rise 11%, beat estimates
Overview
US specialty food distributor's Q3 sales rose 11.2%, beating analyst expectations
Adjusted EPS for Q3 increased to $0.66 from $0.50, beating consensus
Company raised full-year 2026 guidance for net sales, gross profit, and adjusted EBITDA
Outlook
Chefs' Warehouse raises 2026 net sales outlook to $4.56 bln-$4.61 bln
Company expects 2026 gross profit of $1.13 bln-$1.14 bln
Chefs' Warehouse sees 2026 adjusted EBITDA of $317 mln-$321 mln
Result Drivers
ORGANIC GROWTH & ACQUISITIONS - Co said Q3 sales growth was driven by organic growth and acquisitions
VOLUME & CUSTOMER EXPANSION - Co cited higher specialty category case volume, more unique customers and placements, and increased center-of-the-plate pounds sold
PRICE INFLATION & MARGIN GAINS - Co attributed higher gross profit and margin expansion to price inflation and acquisitions
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $1.14 bln | $1.12 bln (6 Analysts) |
Q3 Adjusted EPS | Beat | $0.66 | $0.56 (7 Analysts) |
Q3 Adjusted Net Income | $29.50 mln | ||
Q3 Adjusted EBITDA | $82.20 mln | ||
Q3 Operating Income | $51.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "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 The Chefs' Warehouse, Inc. is $125.00, about 14.7% above its October 27 closing price of $108.99
The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 40 three months ago
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(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.)