Chefs' Warehouse Q3 sales rise 11%, beat estimates

By Reuters News


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


Reuters Recommended Reads

  • Oct 27 - Cheesecake Factory beats Q3 revenue estimates on strong traffic, menu innovations

  • Oct 27 - Coca-Cola Q3 profit tops estimates on zero sugar drink sales; lifts outlook

  • Oct 27 - Coca-Cola lifts profit forecast on international soda demand, flags higher costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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