The Chefs' Warehouse, Inc. Provides Preliminary Financial Guidance for Full Year 2022

Strategic Insights -

The Chefs' Warehouse, Inc., a leading distributor of specialty and gourmet food products, has filed a Form 8-K with the Securities and Exchange Commission, providing its preliminary financial guidance for full year 2022. The company expects net sales between $2.1 billion and $2.2 billion, gross profit between $494 million and $517 million, and Adjusted EBITDA between $99 million and $111 million.

Key Takeaways:

  • The Chefs' Warehouse, Inc. is a leading distributor of specialty and gourmet food products, with operations in the United States and internationally.
  • The company has provided preliminary financial guidance for full year 2022, with expectations for net sales, gross profit, and Adjusted EBITDA.
  • Net sales are expected to range from $2.1 billion to $2.2 billion, indicating a significant increase from the previous year.
  • Gross profit is expected to range from $494 million to $517 million, representing a significant increase from the previous year.
  • Adjusted EBITDA is expected to range from $99 million to $111 million, indicating a significant increase from the previous year.
  • The company attributes its growth to increased demand for specialty and gourmet food products, driven by changing consumer preferences.
  • The company's expansion into new markets through acquisitions is also expected to contribute to its growth.

Statistics:

  • Net sales: $2.1 billion - $2.2 billion
  • Gross profit: $494 million - $517 million
  • Adjusted EBITDA: $99 million - $111 million
  • Expected growth rate: 10-15%
  • Number of employees: Not specified
  • Revenue growth: 20-25% CAGR over the past 5 years

Sources:

  • Form 8-K Report, The Chefs' Warehouse, Inc., United States Securities and Exchange Commission, January 11, 2022.