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Stock impact report

CHEF Q3 2024 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

The Chefs' Warehouse, Inc. (CHEF) 
Last the chefs' warehouse, inc. earnings: 2/12 04:05 pm Check Earnings Report
Chairman and Chief Executive Officer — Christopher Pappas Chief Financial Officer — James Leddy Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Net Sales -- $931.5 million, up 5.6%, with estimated 1% revenue growth impact due to softer July demand including Hurricane Beryl disruption. Specialty Organic Sales Growth -- 7.5%, driven by unique customer growth of 4.7%, placement growth of 10.8%, and specialty case growth of 3.1%. Net Inflation -- 3.2% overall, with specialty inflation at 4.3% and center-of-the-plate at 1.4%; chocolate and certain dairy products cited as main drivers in specialty. Gross Profit -- $224.7 million, up 8.2%; gross profit margin expanded 58 basis points to 24.1%, with specialty and center-of-the-plate margins up 50 and 45 basis points, respectively. Selling, General, and Administrative Expenses -- $192.9 million, up 7.4%, largely from higher depreciation, amortization, and support costs tied to facility and sales growth inv Show less Read more
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