The Chefs' Warehouse, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 29, 2023
November 01, 2023 at 07:00 am EDT
Share
The Chefs' Warehouse, Inc. reported earnings results for the third quarter and nine months ended September 29, 2023. For the third quarter, the company reported sales was USD 881.83 million compared to USD 661.86 million a year ago. Net income was USD 7.32 million compared to USD 8.28 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.21 a year ago.
For the nine months, sales was USD 2,483.29 million compared to USD 1,822.06 million a year ago. Net income was USD 18.59 million compared to USD 26.58 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.68 a year ago.
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 Companyâs 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.
THE CHEFS' WAREHOUSE, INC. 
