The Chefs' Warehouse, Inc. reported its financial results for the fourth quarter ended December 27, 2024, with net sales increasing 8.7% to $1,033.6 million from $950.5 million in Q4 2023. This marks the first time in the company's history that quarterly revenue surpassed $1 billion.
The specialty category saw an approximate 6.1% increase in organic case count, with unique customers growing by 4.5% and unique item placements by 12.3%. Gross profit for the quarter rose 9.8% to $251.0 million, and gross profit margins expanded by 23 basis points to 24.3%. Operating income increased to $46.5 million from $38.2 million in the prior year quarter.
Net income for Q4 2024 was $23.9 million, or $0.55 per diluted share, compared to $16.0 million, or $0.38 per diluted share, in Q4 2023. Adjusted EBITDA reached $68.2 million, up from $59.0 million. The company also reaffirmed its fiscal year 2025 guidance, projecting net sales between $3.94 billion and $4.04 billion, gross profit between $951 million and $976 million, and adjusted EBITDA between $233 million and $246 million.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.