The Chefs' Warehouse, Inc. reported strong financial results for the second quarter ended June 27, 2025, with net sales increasing 8.4% to $1,034.9 million, up from $954.7 million in Q2 2024. Organic specialty case count grew by approximately 3.5%, and unique customer and placement increases were 3.6% and 8.7% respectively.
Gross profit for the quarter increased 11.1% to $254.3 million, compared to $229.0 million in the prior year. Gross profit margins expanded by 59 basis points to 24.6%, with both specialty and center-of-the-plate categories showing margin improvements. Operating income rose to $40.2 million from $33.9 million in Q2 2024, representing 3.9% of net sales.
Net income for Q2 2025 was $21.2 million, or $0.49 per diluted share, a significant increase from $15.5 million, or $0.37 per diluted share, in Q2 2024. Adjusted EBITDA reached $65.4 million, up from $56.2 million. The company also repriced its $253.5 million term loan in June 2025, reducing the interest rate spread by 50 basis points, and completed the final $5.0 million payment for the GreenLeaf Note.
Management raised its fiscal year 2025 guidance, now projecting net sales between $4.00 billion and $4.06 billion, gross profit between $964 million and $979 million, and adjusted EBITDA between $240 million and $250 million. This updated outlook reflects confidence in continued operational efficiencies and market performance. The company also repurchased 159,982 shares in the first half of 2025, with $72.6 million remaining under its $100 million share repurchase program.
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