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Globe and Mail
01-08-2025
- Business
- Globe and Mail
Chefs' Warehouse (CHEF) Q2 Revenue Up 8%
Key Points Earnings per share (Non-GAAP) rose to $0.52, beating the analyst estimate by 13.0 %. Revenue (GAAP) grew 8.4% to $1,034.9 million, topping expectations and led by strength in specialty categories. Profitability expanded with higher gross margins These 10 stocks could mint the next wave of millionaires › Chefs' Warehouse (NASDAQ:CHEF), a specialty food distributor with a focus on high-end restaurants and culinary professionals, released results on July 30, 2025. It reported GAAP revenue of $1,034.9 million and earnings per share (Non-GAAP) of $0.52. These figures surpassed analyst expectations, which had projected $1,013.5 million in GAAP revenue. The period showed notable strength in gross profit and operating leverage. Overall, the quarter reflected strong execution on key initiatives and cautious optimism as the company modestly raised its full-year financial guidance. Metric Q2 2025 Q2 2025 Estimate Q2 2024 Y/Y Change EPS (Non-GAAP) $0.52 $0.46 $0.40 30.0 % Revenue $1,034.9 million $1,013.5 million $954.7 million 8.4 % Net Income $21.2 million $15.5 million 36.8 % Adjusted EBITDA $65.4 million $56.2 million 16.4 % Gross Profit $254.3 million $229.0 million 11.1 % Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Understanding Chefs' Warehouse: Business Model and Strategic Focus Chefs' Warehouse is a distributor of specialty foods, center-of-the-plate proteins (such as meat and seafood), and staple kitchen ingredients. Its customers include independent and fine-dining restaurants, hotels, country clubs, and gourmet food retailers. The company differentiates itself by offering over 88,000 unique products, sourced from more than 4,000 suppliers globally, including artisan producers and family-owned businesses. Recent strategic focus has centered on broadening its product catalog, investing in digital ordering systems, and deepening supplier partnerships. It also has a disciplined approach to shedding lower-margin, non-core business—such as commodity poultry—which provides more room to grow higher-margin specialty offerings. Expansion into new geographies, both within the US and internationally, supports ongoing growth. Key success factors include maintaining exclusive supplier connections, understanding culinary trends, and supporting chefs through a skilled and specialized sales force. Quarterly Highlights: Growth Drivers and Notable Changes The company saw organic revenue growth powered by increased demand for specialty foods. The specialty food category posted an organic case count increase of 3.5%, while unique customer relationships and product placements rose by 3.6% and 8.7%, respectively. A deliberate exit from a low-margin commodity poultry program in the center-of-the-plate segment led to a 4.0% decline in organic pounds sold in that category. This was an anticipated shift, outlined by management as part of its ongoing effort to prioritize profitability, resulting in improved average margin per unit sold despite lower overall volume. Profitability improved at multiple levels. Gross profit margin expanded by 59 basis points from the prior year period, reaching 24.6%. Operating income as a percentage of revenue (GAAP) also improved. While selling, general, and administrative (SG&A) expenses (GAAP) rose 9.7%, outpacing revenue growth, higher profits from product mix and pricing contributed to stronger overall margins. Investments in compensation and facility upgrades drove the rise in SG&A expenses, but management stated these costs are in support of future scalability. The company accelerated adoption of its online ordering system, which now handles roughly 58% of specialty customer orders in the US as of Q1 FY2025, up from 48% at the end of FY2023. This investment in the digital channel supports operational efficiency. Internationally, the Middle East segment displayed better-than-expected performance, supported by a new facility. Looking Ahead: Guidance and What to Watch Management moderately raised its full-year FY2025 guidance, with revenue expectations now between $4.0 billion and $4.06 billion. Gross profit (GAAP) outlook increased to a range of $964 million to $979 million, and Adjusted EBITDA—an earnings metric excluding interest, taxes, depreciation, and amortization—was guided to $240 million to $250 million. These updates reflect ongoing strength in core categories and digital initiatives, while also indicating a measured approach given economic uncertainties such as potential tariff adjustments and input cost swings. For the quarters ahead, investors will want to watch Margin trends, SG&A expense ratios, and management of the company's debt load—$690 million in long-term obligations as of June 27, 2025—remain important markers to watch. Chefs' Warehouse does not currently pay a dividend. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,049%* — a market-crushing outperformance compared to 182% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of July 29, 2025
Associated Press
24-06-2025
- Business
- Associated Press
A' International Bakeware, Tableware, Drinkware and Cookware Design Awards Call for Entries
A' Design Award & Competition Announces Call for Entries for A' International Bakeware, Tableware, Drinkware and Cookware Design Awards COMO, CO, ITALY, June 24, 2025 / / -- Today, A' Design Award & Competition has released its call for entries to A' International Bakeware, Tableware, Drinkware and Cookware Design Awards. The A' Bakeware, Tableware, Drinkware and Cookware Design Awards are open for entries by Kitchenware Designers, Product Designers, Industrial Design Studios, Kitchenware Brands, Kitchenware Manufacturers, Ceramic Artists, Glass Artists, Metalsmiths, Culinary Professionals, Hospitality Industry Professionals, Restaurant Owners, Chefs, Home Goods Retailers, Tableware Designers, Cookware Designers, Kitchenware Innovation, Consultancy, Research and Development Companies worldwide. Designs that were created within the last 10 years are eligible for participation. The A' International Bakeware, Tableware, Drinkware and Cookware Design Awards is a two-phase competition. The first phase of the competition is completely free, Kitchenware Designers, Product Designers, Industrial Design Studios, Kitchenware Brands, Kitchenware Manufacturers, Ceramic Artists, Glass Artists, Metalsmiths, Culinary Professionals, Hospitality Industry Professionals, Restaurant Owners, Chefs, Home Goods Retailers, Tableware Designers, Cookware Designers, Kitchenware Innovation, Consultancy, Research and Development Companies can register at A' Design Awards to submit a work for the Kitchenware Awards, and get a preliminary score for their work. Projects that pass the preliminaries can proceed with nomination, however it shall be noted in advance that there is a nominal fee for nominating entries for Kitchenware Awards consideration. Kitchenware Awards Timeline & Eligibility Deadline for entries to A' Bakeware, Tableware, Drinkware and Cookware Design Awards is on June 30, 2025. Results of the A' Bakeware, Tableware, Drinkware and Cookware Design Awards will be announced on May 1, 2026. Professional-edition laureates of the A' Bakeware, Tableware, Drinkware and Cookware Design Awards will be granted the highly coveted A' Design Prize which contains a series of PR, marketing and publicity tools to celebrate the status of winning the Kitchenware Awards. The following are some example projects that could be submitted to A' Bakeware, Tableware, Drinkware and Cookware Design Awards : Pots, Pans, Cutlery, Plates, Bowls, Glasses, Baking Dishes, Graters and More. Kitchenware Awards Sub-categories and their descriptions are available at Prize for Good Kitchenware Design The A' Design Prize for A' Bakeware, Tableware, Drinkware and Cookware Design Awards includes: Design Excellence Certificate, Lifetime license to use the A' Bakeware, Tableware, Drinkware and Cookware Design Awards Winner Logo, Yearbook of Best Designs, Exhibitions of Awarded Works in Italy, Exclusive Design Award Trophy, Exclusive Invitation to Take Part in the A' Design Awards' Gala-Night – La Notte Premio A', Translation of Awarded Works into Foreign Languages, Entry to Prime Clubs, as well as inclusion in World Design Rankings, Designer Rankings, Kitchenware Design Classifications and Design Legends platforms. In addition the laureates of the A' International Bakeware, Tableware, Drinkware and Cookware Design Awards will also get an exclusive interview which will be published at Designer Interviews website as well as included in the Press Kits. Award winners will also get a press release prepared to announce their victory. For the winners of A' Bakeware, Tableware, Drinkware and Cookware Design Awards , a very inclusive press kit will be prepared which contains the exclusive interview with the designer, the press release for award announcement in addition to design images, photographs of the designer, logo of the designer and the client, dozens of high-resolution photos and images for added exposure including a portfolio that contains previews of other designs projects by the designer. The Press Kits prepared for the winners of the A' International Bakeware, Tableware, Drinkware and Cookware Design Awards will be distributed to thousands of press members who have gained press accreditation from A' Design Awards. Furthermore there are already dozens of press partners who have confirmed in advance to publish a selection of the best projects among award winners. Both the Press Kit preparation and distribution service as well as the A' Design Prize are given free of charge to the Kitchenware Awards laureates as a gift to celebrate their success of winning the A' Bakeware, Tableware, Drinkware and Cookware Design Awards. Kitchenware Design Awards Entry & Winners Press Members and design enthusiasts are invited to visit to see past winners of the A' International Bakeware, Tableware, Drinkware and Cookware Design Awards. • Additional Details could be found at • Registrations could be made at About Kitchenware Awards The A' Design Award & Competition has been established to promote and recognize the best design works in all countries and in all creative disciplines. The primary aim of the A' Design Award & Competition is to create a global awareness and understanding for good design practices and principles by promoting the best designs in all countries and in all design disciplines. The ultimate aim of the A' Design Awards is to push designers, companies and brands worldwide to create superior products and projects that benefit society. To learn more about the A' Design Awards and the A' International Bakeware, Tableware, Drinkware and Cookware Design Awards please visit Julie Thomas A' DESIGN AWARD & COMPETITION SRL +39 031 449 1953 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
