The Chefs' Warehouse, Inc. (NASDAQ:CHEF ) Q4 2024 Earnings Conference Call February 12, 2025 8:30 AM ET Company Participants Alexandros Aldous - General Counsel, Corporate Secretary, Chief Government Relations Officer & Chief Administrative Officer Christopher Pappas - Founder, Chairman, President and Chief Executive Officer James Leddy - Chief Financial Officer Conference Call Participants Mark Carden - UBS Alex Slagle - Jefferies Peter Sarra - BTIG Todd Brooks - The Benchmark Company Eli Niebuhr - Lake Street Capital Markets Kelly Bania - BMO Capital Markets Andrew Wolf - CL King Operator Greetings, and welcome to The Chefs' Warehouse Fourth Quarter 2024 Earnings Conference Call. As a reminder, this conference is being recorded.
Chefs' Warehouse (CHEF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RIDGEFIELD, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) today announced that the Company intends to release its financial results for the fourth quarter and fiscal year ended December 27, 2024 before the opening of the stock market on Wednesday, February 12, 2025 and host a conference call at 8:30 a.m. ET on Wednesday, February 12, 2025 to review those results.
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The Chefs' Warehouse is a specialty food distributor supplying high-end steaks, seafood and other premium products to fine-dining restaurants, gourmet stores and luxury hotels. The US foodservice distribution market is very large at $354 billion and provides ample scope to grow. EBITDA margins to improve to 6.5-7% by FY28 (vs 5.6% for FY23). I expect EBITDA to reach $323 million by 2028, growing at a CAGR of 11% (2024E-2028E).
I remain bullish on The Chefs' Warehouse due to its strong revenue growth, improved profitability, and management's optimistic future projections. Recent performance shows a 20.5% stock increase, outpacing the S&P 500's 8%, with revenue up 5.6% year-over-year. Management's revised guidance for 2028 projects significant EBITDA growth, driven by organic revenue growth, cost efficiencies, and digital advancements.
Chefs' Warehouse (CHEF) could produce exceptional returns because of its solid growth attributes.
Here is how Chefs' Warehouse (CHEF) and Kerry Group PLC (KRYAY) have performed compared to their sector so far this year.
RIDGEFIELD, Conn., Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) today announced that the Company intends to release its financial results for the third quarter ended September 27, 2024 before the opening of the stock market on Wednesday, October 30, 2024 and host a conference call at 8:30 a.m. ET on Wednesday, October 30, 2024 to review those results.
Here is how Chefs' Warehouse (CHEF) and Carriage Services (CSV) have performed compared to their sector so far this year.