Chefs' Warehouse Q3 EPS Jumps to $0.67, Full-Year Guidance Raised
CHEF sits 86% above its 52-week low of $56.46.
Summary
Chefs' Warehouse earned $0.67 per diluted share in Q3 2026 versus $0.44 a year ago, with gross margin up 84 basis points, and raised its fiscal 2026 sales and Adjusted EBITDA guidance.
Key Events · Earnings and Guidance · CHEF
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Q3 Earnings Beat Prior Year
Net income was $29.6 million, or $0.67 per diluted share, versus $19.1 million, or $0.44, in Q3 2025; Adjusted EBITDA rose to $82.2 million from $65.1 million.
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Sales Up 11.2% to $1.14 Billion
Net sales reached $1.14 billion from $1.02 billion, with organic sales up $105.4 million (10.3%) and acquisitions adding $8.7 million (0.9%).
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Gross Margin Expands 84 Basis Points
Gross profit rose 15.0% to $284.3 million and margin reached 25.0%, helped by 63 bps in specialty and 137 bps in center-of-the-plate.
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Fiscal 2026 Guidance Raised
Full-year outlook now calls for net sales of $4.56-4.61 billion, gross profit of $1.130-1.140 billion and Adjusted EBITDA of $317-321 million.
Analysis · CHEF · Trade & Services
Profit grew far faster than sales in the third quarter: net income rose to $29.6 million ($0.67 per diluted share) from $19.1 million ($0.44) a year earlier, on revenue up 11.2% to $1.14 billion. Gross margin expanded 84 basis points to 25.0%, and Adjusted EBITDA climbed to $82.2 million from $65.1 million. Management raised full-year guidance to $4.56-4.61 billion of net sales and $317-321 million of Adjusted EBITDA, resetting the earnings bar higher for the rest of the year. The one soft spot is the Middle East, where revenue is running at roughly 100% of prior-year levels in a challenging environment.
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At the time of this filing, CHEF was trading at $105.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $56.46 to $118.51. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.