Chef's Warehouse reported third-quarter net sales of $1.135 billion and adjusted EBITDA of $82.2 million, raised 2026 net sales guidance to $4.56 billion to $4.61 billion, and closed a $675 million seven-year term loan while settling its 2028 convertible notes.
CHEF · Chefs' Warehouse, Inc.
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Chefs’ Warehouse, Inc. reported thirty-nine-week net sales of $3,363,002 thousand and net income of $80,751 thousand, versus $3,006,973 thousand and $50,677 thousand, and entered a $675.0 million 2033 Term Loan on October 15, 2026.
Chefs’ Warehouse reported third-quarter net sales of $1.14 billion, up 11.2%, GAAP net income of $29.6 million and adjusted EBITDA of $82.2 million, and raised fiscal 2026 guidance to $4.56 billion–$4.61 billion in net sales and $317 million–$321 million in adjusted EBITDA.
Chefs' Warehouse entered a $675,000,000 new term loan due October 15, 2033, and used proceeds to refinance its prior term loan, redeem 2.375% Convertible Senior Notes due 2028, and pay related costs. Approximately $287.2 million of Notes were converted into cash and 2,671,056 shares of common stock.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 29, 2026TL;DR. Chef's Warehouse reported Q2 2026 net sales up 12.9% to $1.17B and raised its full-year 2026 guidance while also extending its long-term targets to 2030 with a higher 7-10% organic growth algorithm; results were partially tempered by Middle East operations running at ~94% of prior year and a higher effective tax rate.
- + Raised full-year 2026 guidance for net sales to $4.50B-$4.60B and adjusted EBITDA to $305M-$315M.
- + Q2 adjusted EBITDA grew to $88.1M from $65.4M and GAAP EPS rose to $0.76 from $0.49.
- + Extended long-term targets to 2030 with a raised 7-10% annual revenue growth algorithm and $6.0B-$6.5B revenue goal.
- + Strong liquidity with $321.1M total liquidity and net debt leverage of approximately 1.6x.
- + Expects double-digit top-line growth to start the third quarter.
- − Middle East operations ran at approximately 94% of prior year during May and June.
- − Q2 effective tax rate rose to 31.4% from 28.0% in the prior-year quarter.
- − Guidance embeds conservatism on Middle East tourism recovery in the fourth quarter.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $148.21M | Twenty-Six Weeks Ended June 26, 2026 | — |
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| Adjusted net income non-GAAP | $51.68M | Twenty-Six Weeks Ended June 26, 2026 | — |
| Diluted adjusted net income per common share non-GAAP | $1.17 | Twenty-Six Weeks Ended June 26, 2026 | — |
| EBITDA non-GAAP | $133.09M | Twenty-Six Weeks Ended June 26, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Food Distribution — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CHEF
this stock
Chefs' Warehouse, Inc.
|
$4.64B | +71.1% | +9.1% | — | 5.5% |
|
SYY
Sysco Corp
|
$37.95B | +4.6% | +3.9% | 20.5 | 3.0% |
|
USFD
US Foods Holding Corp.
|
$23.28B | +44.0% | +4.1% | 30.3 | 7.0% |
|
PFGC
Performance Food Group Co
|
$17.54B | +23.6% | +5.1% | 44.3 | 3.5% |
|
UNFI
United Natural Foods Inc
|
$2.94B | +44.6% | -2.0% | 36.3 | 5.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 28, 2026
- This year
- 17
Chefs’ Warehouse reported third-quarter net sales of $1.14 billion, up 11.2%, GAAP net income of $29.6 million and adjusted EBITDA of $82.2 million, and raised fiscal 2026 guidance to $4.56 billion–$4.61 billion in net sales and $317 million–$321 million in adjusted EBITDA.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CHEF | +2.8% | -6.1% | +38.7% | +2.3% | +71.1% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +0.2% | -4.9% | +38.2% | +2.5% | +60.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.