Chefs' Warehouse Inc
NASDAQ:CHEF
Income Statement
Earnings Waterfall
Chefs' Warehouse Inc
Income Statement
Chefs' Warehouse Inc
| Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
4
|
7
|
10
|
14
|
15
|
9
|
7
|
3
|
4
|
4
|
6
|
7
|
8
|
8
|
9
|
8
|
8
|
8
|
9
|
11
|
13
|
15
|
37
|
39
|
42
|
44
|
24
|
24
|
23
|
22
|
21
|
20
|
21
|
20
|
20
|
20
|
18
|
19
|
20
|
20
|
21
|
21
|
19
|
19
|
18
|
17
|
17
|
24
|
44
|
49
|
57
|
58
|
45
|
49
|
48
|
49
|
49
|
46
|
45
|
44
|
|
| Revenue |
330
N/A
|
343
+4%
|
359
+5%
|
376
+5%
|
401
+7%
|
416
+4%
|
431
+4%
|
454
+5%
|
480
+6%
|
522
+9%
|
577
+11%
|
623
+8%
|
674
+8%
|
721
+7%
|
764
+6%
|
802
+5%
|
833
+4%
|
846
+2%
|
914
+8%
|
982
+7%
|
1 047
+7%
|
1 111
+6%
|
1 121
+1%
|
1 143
+2%
|
1 193
+4%
|
1 220
+2%
|
1 260
+3%
|
1 287
+2%
|
1 302
+1%
|
1 333
+2%
|
1 371
+3%
|
1 408
+3%
|
1 445
+3%
|
1 483
+3%
|
1 524
+3%
|
1 559
+2%
|
1 592
+2%
|
1 610
+1%
|
1 399
-13%
|
1 256
-10%
|
1 112
-12%
|
1 016
-9%
|
1 239
+22%
|
1 469
+19%
|
1 746
+19%
|
1 978
+13%
|
2 203
+11%
|
2 380
+8%
|
2 613
+10%
|
2 821
+8%
|
3 055
+8%
|
3 275
+7%
|
3 434
+5%
|
3 589
+5%
|
3 661
+2%
|
3 711
+1%
|
3 794
+2%
|
3 870
+2%
|
3 951
+2%
|
4 041
+2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(244)
|
(254)
|
(265)
|
(277)
|
(295)
|
(306)
|
(317)
|
(334)
|
(355)
|
(388)
|
(429)
|
(464)
|
(501)
|
(538)
|
(573)
|
(603)
|
(628)
|
(636)
|
(685)
|
(733)
|
(778)
|
(826)
|
(836)
|
(854)
|
(892)
|
(911)
|
(940)
|
(961)
|
(972)
|
(998)
|
(1 026)
|
(1 051)
|
(1 096)
|
(1 123)
|
(1 151)
|
(1 177)
|
(1 205)
|
(1 228)
|
(1 081)
|
(979)
|
(864)
|
(796)
|
(966)
|
(1 147)
|
(1 355)
|
(1 529)
|
(1 694)
|
(1 823)
|
(1 995)
|
(2 150)
|
(2 331)
|
(2 501)
|
(2 619)
|
(2 734)
|
(2 787)
|
(2 819)
|
(2 880)
|
(2 940)
|
(2 995)
|
(3 062)
|
|
| Gross Profit |
86
N/A
|
90
+5%
|
94
+5%
|
99
+5%
|
106
+7%
|
110
+4%
|
114
+4%
|
120
+5%
|
125
+4%
|
134
+7%
|
148
+10%
|
159
+8%
|
172
+8%
|
183
+6%
|
192
+5%
|
199
+3%
|
205
+3%
|
210
+2%
|
229
+9%
|
249
+9%
|
269
+8%
|
285
+6%
|
285
+0%
|
289
+1%
|
301
+4%
|
309
+3%
|
320
+3%
|
327
+2%
|
329
+1%
|
335
+2%
|
346
+3%
|
357
+3%
|
349
-2%
|
360
+3%
|
373
+4%
|
383
+3%
|
387
+1%
|
382
-1%
|
319
-17%
|
277
-13%
|
248
-11%
|
221
-11%
|
273
+24%
|
323
+18%
|
391
+21%
|
449
+15%
|
509
+13%
|
557
+9%
|
619
+11%
|
671
+8%
|
723
+8%
|
773
+7%
|
814
+5%
|
854
+5%
|
875
+2%
|
892
+2%
|
914
+3%
|
931
+2%
|
956
+3%
|
978
+2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(64)
|
(66)
|
(69)
|
(74)
|
(78)
|
(85)
|
(88)
|
(89)
|
(96)
|
(104)
|
(116)
|
(125)
|
(136)
|
(149)
|
(160)
|
(167)
|
(172)
|
(177)
|
(196)
|
(212)
|
(228)
|
(242)
|
(241)
|
(249)
|
(254)
|
(264)
|
(274)
|
(278)
|
(288)
|
(291)
|
(299)
|
(310)
|
(300)
|
(310)
|
(323)
|
(333)
|
(336)
|
(355)
|
(332)
|
(314)
|
(335)
|
(327)
|
(348)
|
(375)
|
(379)
|
(410)
|
(448)
|
(483)
|
(529)
|
(575)
|
(628)
|
(675)
|
(708)
|
(744)
|
(757)
|
(769)
|
(786)
|
(796)
|
(815)
|
(830)
|
|
| Selling, General & Administrative |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(298)
|
(7)
|
(13)
|
(20)
|
(357)
|
(459)
|
(521)
|
(590)
|
(348)
|
(307)
|
(329)
|
(352)
|
(406)
|
(409)
|
(443)
|
(474)
|
(550)
|
(564)
|
(619)
|
(668)
|
(745)
|
(739)
|
(755)
|
(768)
|
(826)
|
(797)
|
(816)
|
(831)
|
|
| Other Operating Expenses |
(64)
|
(66)
|
(69)
|
(74)
|
(78)
|
(85)
|
(88)
|
(89)
|
(96)
|
(105)
|
(116)
|
(125)
|
(136)
|
(149)
|
(160)
|
(167)
|
(172)
|
(177)
|
(196)
|
(212)
|
(228)
|
(242)
|
(241)
|
(249)
|
(254)
|
(264)
|
(274)
|
(278)
|
(288)
|
(291)
|
(299)
|
(310)
|
(2)
|
(304)
|
(310)
|
(312)
|
21
|
105
|
188
|
277
|
14
|
(20)
|
(19)
|
(23)
|
27
|
(1)
|
(4)
|
(9)
|
21
|
(10)
|
(9)
|
(7)
|
37
|
(5)
|
(3)
|
(1)
|
40
|
2
|
1
|
1
|
|
| Operating Income |
22
N/A
|
24
+10%
|
26
+9%
|
25
-4%
|
28
+12%
|
25
-9%
|
26
+3%
|
31
+17%
|
29
-6%
|
30
+3%
|
32
+9%
|
34
+7%
|
37
+7%
|
35
-6%
|
32
-7%
|
32
-1%
|
33
+4%
|
32
-2%
|
33
+2%
|
37
+12%
|
40
+9%
|
43
+6%
|
45
+4%
|
40
-10%
|
47
+18%
|
45
-5%
|
46
+2%
|
48
+5%
|
41
-15%
|
44
+6%
|
46
+6%
|
46
0%
|
49
+5%
|
49
+1%
|
50
+1%
|
50
+1%
|
51
+2%
|
27
-46%
|
(14)
N/A
|
(36)
-165%
|
(87)
-140%
|
(106)
-22%
|
(75)
+29%
|
(53)
+30%
|
12
N/A
|
39
+228%
|
62
+58%
|
74
+20%
|
90
+22%
|
96
+7%
|
95
-1%
|
98
+4%
|
106
+8%
|
110
+4%
|
117
+7%
|
123
+5%
|
129
+4%
|
135
+5%
|
141
+5%
|
148
+5%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(3)
|
(6)
|
(9)
|
(14)
|
(15)
|
(9)
|
(7)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(9)
|
(11)
|
(13)
|
(15)
|
(37)
|
(39)
|
(42)
|
(44)
|
(24)
|
(24)
|
(23)
|
(22)
|
(21)
|
(20)
|
(21)
|
(20)
|
(20)
|
(20)
|
(18)
|
(19)
|
(20)
|
(20)
|
(21)
|
(21)
|
(19)
|
(19)
|
(18)
|
(17)
|
(17)
|
(24)
|
(44)
|
(50)
|
(57)
|
(58)
|
(45)
|
(49)
|
(48)
|
(49)
|
(49)
|
(46)
|
(45)
|
(44)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(16)
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(4)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(3)
|
(0)
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
18
N/A
|
18
-5%
|
17
-5%
|
9
-48%
|
13
+53%
|
16
+22%
|
19
+20%
|
28
+42%
|
25
-9%
|
25
0%
|
27
+6%
|
27
+3%
|
29
+5%
|
26
-10%
|
23
-10%
|
23
N/A
|
25
+6%
|
25
+0%
|
24
-3%
|
26
+7%
|
28
+7%
|
28
+0%
|
8
-73%
|
1
-88%
|
6
+533%
|
1
-79%
|
22
+1 733%
|
25
+12%
|
18
-25%
|
22
+20%
|
25
+15%
|
26
+3%
|
28
+7%
|
29
+3%
|
30
+4%
|
30
+2%
|
32
+7%
|
9
-73%
|
(33)
N/A
|
(56)
-68%
|
(124)
-121%
|
(126)
-2%
|
(95)
+25%
|
(72)
+24%
|
(7)
+91%
|
20
N/A
|
43
+115%
|
48
+12%
|
42
-13%
|
42
N/A
|
32
-24%
|
35
+9%
|
55
+59%
|
56
+2%
|
65
+16%
|
71
+9%
|
80
+12%
|
89
+12%
|
97
+8%
|
105
+9%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(3)
|
(2)
|
(3)
|
(1)
|
(6)
|
(7)
|
(8)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(11)
|
(9)
|
(9)
|
(11)
|
(11)
|
(10)
|
(11)
|
(12)
|
(12)
|
(3)
|
(0)
|
(3)
|
(1)
|
(9)
|
(10)
|
(8)
|
(9)
|
(9)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
0
|
14
|
21
|
41
|
40
|
30
|
22
|
2
|
(6)
|
(13)
|
(13)
|
(14)
|
(14)
|
(11)
|
(15)
|
(21)
|
(21)
|
(24)
|
(24)
|
(24)
|
(25)
|
(27)
|
(30)
|
|
| Income from Continuing Operations |
16
|
15
|
14
|
8
|
8
|
9
|
11
|
16
|
15
|
15
|
15
|
16
|
17
|
15
|
14
|
14
|
14
|
14
|
14
|
15
|
16
|
16
|
4
|
1
|
3
|
0
|
13
|
14
|
11
|
13
|
16
|
17
|
20
|
21
|
22
|
22
|
24
|
9
|
(19)
|
(35)
|
(83)
|
(87)
|
(65)
|
(50)
|
(5)
|
14
|
30
|
35
|
28
|
28
|
21
|
20
|
35
|
35
|
41
|
48
|
55
|
64
|
70
|
75
|
|
| Net Income (Common) |
(11)
N/A
|
(10)
+7%
|
(10)
-4%
|
(15)
-41%
|
8
N/A
|
9
+21%
|
11
+19%
|
16
+45%
|
15
-10%
|
15
N/A
|
15
+6%
|
16
+3%
|
17
+8%
|
15
-10%
|
14
-10%
|
14
N/A
|
14
+3%
|
14
N/A
|
14
-3%
|
15
+7%
|
16
+9%
|
16
+1%
|
4
-73%
|
1
-89%
|
3
+500%
|
0
-90%
|
13
+4 067%
|
14
+13%
|
14
+2%
|
17
+15%
|
20
+19%
|
21
+7%
|
20
-3%
|
21
+3%
|
22
+4%
|
22
+1%
|
24
+10%
|
9
-63%
|
(19)
N/A
|
(35)
-83%
|
(83)
-138%
|
(87)
-5%
|
(65)
+25%
|
(50)
+23%
|
(5)
+90%
|
14
N/A
|
30
+110%
|
35
+16%
|
28
-21%
|
28
N/A
|
21
-25%
|
20
-5%
|
35
+75%
|
35
+2%
|
41
+16%
|
48
+17%
|
55
+17%
|
64
+15%
|
70
+9%
|
75
+7%
|
|
| EPS (Diluted) |
-0.52
N/A
|
-0.48
+8%
|
-0.5
-4%
|
-0.78
-56%
|
0.43
N/A
|
0.45
+5%
|
0.53
+18%
|
0.77
+45%
|
0.69
-10%
|
0.69
N/A
|
0.73
+6%
|
0.75
+3%
|
0.77
+3%
|
0.61
-21%
|
0.55
-10%
|
0.55
N/A
|
0.57
+4%
|
0.54
-5%
|
0.5
-7%
|
0.56
+12%
|
0.61
+9%
|
0.62
+2%
|
0.16
-74%
|
0
N/A
|
0.12
N/A
|
0.01
-92%
|
0.45
+4 400%
|
0.51
+13%
|
0.52
+2%
|
0.58
+12%
|
0.66
+14%
|
0.7
+6%
|
0.7
N/A
|
0.72
+3%
|
0.74
+3%
|
0.75
+1%
|
0.81
+8%
|
0.29
-64%
|
-0.59
N/A
|
-0.96
-63%
|
-2.46
-156%
|
-2.38
+3%
|
-1.76
+26%
|
-1.35
+23%
|
-0.13
+90%
|
0.39
N/A
|
0.71
+82%
|
0.83
+17%
|
0.73
-12%
|
0.72
-1%
|
0.45
-37%
|
0.43
-4%
|
0.75
+74%
|
0.9
+20%
|
0.9
N/A
|
1.05
+17%
|
1.2
+14%
|
1.38
+15%
|
1.51
+9%
|
1.62
+7%
|
|