Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 100 E Ridge Rd RIDGEFIELD CT 06877-4623 |
Tel: | N/A |
Website: | https://www.chefswarehouse.com |
IR: | See website |
Key People | ||
Christopher Pappas Chairman of the Board, President, Chief Executive Officer, Founder | John Pappas Vice Chairman of the Board, Chief Operating Officer | James F. Leddy Chief Financial Officer |
Timothy Mccauley Chief Accounting Officer | Alexandros Aldous General Counsel, Corporate Secretary and Chief Government Relations Officer |
Business Overview |
The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States, the Middle East and Canada. The Company offers stock-keeping units (SKUs), ranging from specialty foods and ingredients to basic ingredients and staples, produce and center-of-the-plate proteins. Its product categories include center-of-the-plate, dry goods, pastry, cheeses and charcuterie, produce, dairy and eggs, oils and vinegars and kitchen supplies. It operates through the food product distribution segment, which is concentrated primarily in the United States. The Company's customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. Its center-of-the-plate products include custom cut beef, seafood and hormone-free poultry, as well as produce and food products, such as cooking oils, butter, eggs, milk and flour. |
Financial Overview |
For the fiscal year ended 29 December 2023, Chefs' Warehouse Inc revenues increased 31% to $3.43B. Net income increased 25% to $34.6M. Revenues reflect Center-of-the-Plate segment increase of 20% to $1.35B, Produce segment increase of 59% to $444.7M. Net income was partially offset by Selling, general and administrative exp. increase of 36% to $704.8M (expense), Operating lease cost increase of 29% to $40.5M (expense). |
Employees: | 4,873 as of Dec 29, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,949M as of Dec 29, 2023 |
Annual revenue (TTM): | $3,434M as of Dec 29, 2023 |
EBITDA (TTM): | $161.87M as of Dec 29, 2023 |
Net annual income (TTM): | $34.59M as of Dec 29, 2023 |
Free cash flow (TTM): | $4.21M as of Dec 29, 2023 |
Net Debt Last Fiscal Year: | $668.11M as of Dec 29, 2023 |
Shares outstanding: | 39,809,094 as of Mar 18, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |