CHEF - The Chefs' Warehouse beats Q4 top and bottom line estimates; initiates FY23 outlook
- The Chefs' Warehouse press release ( NASDAQ: CHEF ): Q4 Non-GAAP EPS of $0.48 beats by $0.01 .
- Revenue of $791.3M (+41.7% Y/Y) beats by $55.04M .
- Adjusted EBITDA was $50.1 million for the fourth quarter of 2022 compared to $30.2 million for the fourth quarter of 2021.
- Gross profit margin increased approximately 116 basis points to 23.7% from 22.5%.
- Full Year 2023 Guidance: Based on current trends in the business, the Company is providing full year financial guidance as follows: Estimated net sales for the full year of 2023 will be in the range of $2.85 billion to $2.95 billion vs $2.90B consensus; Gross profit to be between $684.0 million and $708.0 million and Adjusted EBITDA to be between $180.0 million and $190.0 million.
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The Chefs' Warehouse beats Q4 top and bottom line estimates; initiates FY23 outlook