Chefs' Warehouse, Inc.CHEF

NasdaqConsumer EssentialsWholesale-Groceries, General Line
Price (close)
$110.27
Market cap
$4.5B
P/E
56.6x
Revenue (TTM)
$4.3B
Net income
$79.4M
Dividend yield
—
1-year total return
84.9%
Net margin
1.9%
Revenue growth
10.0%
Debt / equity
1.23x

What Chefs' Warehouse, Inc. does.

We are a premier distributor of specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. We are focused on serving the specific needs of chefs who own and/or operate some of the leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores in the United States, the Middle East, and Canada (collectively, our “Core Customers”). We believe that we have a distinct competitive advantage in serving these customers as a result of our extensive selection of distinctive and hard-to-find specialty and center-of-the-plate food products, our product knowledge and our customer service.

We define specialty food products as gourmet foods and ingredients that are of the highest grade, quality or style as measured by their uniqueness, exotic origin or particular processing method. Our product portfolio includes over 90,000 stock-keeping units (“SKUs”) from more than 4,000 different suppliers and is comprised primarily of imported and domestic specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate and pastry products. We also offer an extensive line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as produce and broadline food products, such as cooking oils, butter, eggs, milk and flour. When marketing our products to our customers, we focus our efforts on chefs, and we believe that, by offering a wide selection of both distinctive and hard-to-find products, together with center-of-the-plate proteins and staple broadline food products, we are able to differentiate ourselves from larger, traditional broadline foodservice distributors, while simultaneously enabling our customers to utilize us as their primary foodservice distributor. Additionally, we market certain of our center-of-the-plate products directly to consumers through our Allen Brothers, Inc. (“Allen Brothers”) mail and e-commerce platform.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$1.1B$1.7B$2.6B$3.4B$3.8B$4.1B
Net income-$82.9M-$4.9M$27.8M$34.6M$55.5M$72.4M
Free cash flow$35.8M-$58.7M-$22.7M$4.2M$103.6M$87.8M

More on CHEF.

Figures from Chefs' Warehouse, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.