纪要涉及的行业和公司 - 行业：食品服务分销行业 - 公司：Chefs' Warehouse 纪要提到的核心观点和论据 市场份额与增长 - 核心观点：公司成功得益于市场份额的增长和新客户的获取 - 论据：过去十年在设施、技术和销售人员方面投资超10亿美元；专注于独立餐厅、小团体和追求高品质产品的客户，而非追求大量订单；第一季度虽受天气和假期影响，但团队专注于渗透和新客户获取 [4] 竞争优势 - 核心观点：公司具有独特的竞争优势，难以被竞争对手模仿 - 论据：专注于独立餐厅和高端客户，提供高服务水平和专业知识；拥有独特的企业文化和培训体系，如Chef's Warehouse University；超过50%的产品为自有品牌，具有差异化优势；技术应用提高了运营效率和销售代表的生产力 [7][9][20] 业务策略 - 核心观点：公司通过多种策略实现业务增长和成本控制 - 论据：激励团队关注毛利润美元增长，而非毛利率；进行SKU合理化，减少库存成本；推动交叉销售，提高市场渗透率；通过收购和内部扩张增加业务规模和市场份额 [33][41][50] 销售与人才 - 核心观点：公司在销售和人才吸引方面面临挑战，但仍有优势 - 论据：销售代表需要管理88,000个SKU，但通过技术和团队协作解决了专业知识问题；吸引的人才多为美食爱好者，对产品有热情；公司是一个优秀的工作场所，提供高收入和发展机会 [40][65] 成本管理与自动化 - 核心观点：公司关注成本管理和供应链自动化，但需谨慎实施 - 论据：运营成本上升，需要提高效率；自动化在某些领域有帮助，但整体投资回报率尚未达到预期；公司在建设新设施时会考虑自动化技术的发展 [32][72] 市场与投资 - 核心观点：公司所在市场具有增长潜力，是一个有吸引力的投资选择 - 论据：食品服务分销市场规模庞大，公司市场份额较小，有很大的增长空间；公司新业务和新市场处于起步阶段，未来增长前景良好 [16][87] 其他重要但可能被忽略的内容 - 公司服务超44,000个客户地点，拥有近50个配送中心、88,000个SKU和4,000个供应商，预计今年收入超40亿美元 [1] - 公司EBITDA利润率在同行中历史上处于较高水平，得益于客户组合和对盈利性更高的独立餐厅的专注 [2] - 公司在中东市场的投资表现出色，该地区人口增长快，市场潜力大 [82] - 公司在邮轮业务方面未出现明显放缓，但该业务占比相对较小 [68] - 公司在拉斯维加斯的业务表现良好，周末业务强劲，但可能受到旅游市场波动的影响 [70]

RIDGEFIELD, Conn., May 01, 2025 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today announced that the Company will participate in a fireside chat at the BMO Global Farm to Market Conference in New York, NY on Wednesday, May 14, 2025. The fireside chat will begin at 11:00 a.m. ET. Investors and interested parties may listen to a webcast of the fireside chat by visi ...

业务覆盖情况 - 公司提供超88000个库存单位，服务超50000个核心客户，业务覆盖美国、中东和加拿大23个地区[63] 净销售额变化 - 2025年3月28日止十三周净销售额9.50748亿美元，较2024年同期的8.74488亿美元增长8.7%[64][65] 毛利润及毛利率变化 - 2025年3月28日止十三周毛利润2.25995亿美元，较2024年同期的2.09436亿美元增长7.9%，毛利率下降18个基点[64][66] 销售、一般和行政费用变化 - 2025年3月28日止十三周销售、一般和行政费用2.02763亿美元，较2024年同期的1.90321亿美元增长6.5%，占净销售额比例下降50个基点[67] 其他经营费用净额变化 - 2025年3月28日止十三周其他经营费用净额49.7万美元，较2024年同期的311.2万美元下降84.0%[68] 利息费用变化 - 2025年3月28日止十三周利息费用1025.3万美元，较2024年同期的1324.4万美元下降22.6%[69] 所得税费用拨备及有效税率情况 - 2025年3月28日止十三周所得税费用拨备219.4万美元，较2024年同期的82.8万美元增长165.0%，有效税率为17.6%[70] 债务情况 - 截至2025年3月28日，高级担保定期贷款2.5925亿美元，可转换高级票据2.875亿美元，资产抵押贷款未偿还借款1亿美元，融资租赁和其他融资义务6758.3万美元[72] 现金流量情况 - 2025年3月28日止十三周经营活动提供净现金4960万美元，投资活动使用净现金1230万美元，融资活动使用净现金3540万美元[76][77][78] 可变利率债务影响 - 截至2025年3月28日，公司有3.593亿美元未偿还债务按可变利率计息，市场利率每上升100个基点，税后收益每年约减少260万美元[80] ABL信贷安排修订 - 2025年3月12日对ABL信贷安排进行第7次修订[92] 报告签署情况 - 2025年4月30日公司按《1934年证券交易法》第13或15(d)条要求签署报告[94] 高管文件签署情况 - 2025年4月30日首席财务官James Leddy签署相关文件[96] - 2025年4月30日首席会计官Timothy McCauley签署相关文件[96]

"First quarter 2025 business activity displayed typical seasonal cadence as revenue trends coming out of January increased steadily into February and March. During the quarter, our business units, international and domestic, delivered strong growth in unique item placements and solid operating leverage versus the prior year first quarter", said Christopher Pappas, Chairman and Chief Executive of the Company. "As we entered the second quarter, revenue builds during the first few weeks of April continued to d ...

Chefs' Warehouse (CHEF) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.05%. A quarter ago, it was expected that this distributor of specialty food products would post earnings of $0.51 per share when it actually produced earnings of $0.55, delivering a surprise of 7.84%.Over the l ...

The Chefs' Warehouse (CHEF) Q1 2025 Earnings Call April 30, 2025 08:30 AM ET Speaker0 Greetings, and welcome to the Chef's Warehouse First Quarter twenty twenty five Earnings Conference Call. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Alex Alders, General Counsel, Corporate Secretary and Chief Government Relations Officer. Please go ahead, sir. Speaker1 Thank you, operator. Good morning, everyone. With me on today's call are Chris Pappas, Founder, ...

The Chefs' Warehouse (CHEF) Q1 2025 Earnings Call April 30, 2025 08:30 AM ET Company Participants Alexandros Aldous - Gen. Counsel, Chief Government Relations Officer, Corporate Secretary & Chief Administrative OfficerChristopher Pappas - Founder, Chairman, CEO & PresidentJim Leddy - CFOMark Carden - Director - Equity ResearchPeter Saleh - MD - RestaurantsKelly Bania - MD - Equity Research Conference Call Participants Alexander Slagle - Stock AnalystAndrew Wolf - SVP & Senior Research AnalystTodd Brooks - E ...

First Quarter 2025 Earnings Presentation The Chefs' Warehouse, Inc. 1 Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding the business of The Chefs' Warehouse, Inc. (the "Company") that are not historical facts are "forward-looking statements" that involve risks and uncertainties and are based on current expectations and management estimates; actual results may differ materially. The risks and uncertainties which c ...

RIDGEFIELD, Conn., April 30, 2025 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its first quarter ended March 28, 2025. Financial highlights for the first quarter of 2025: Net sales increased 8.7% to $950.7 million for the first quarter of 2025 from $874.5 million for the first quarter of 2024.GAAP net income was $10.3 million, ...

The Chefs' Warehouse, Inc. (http://www.chefswarehouse.com) is a premier distributor of specialty food products in the United States, the Middle East and Canada focused on serving the specific needs of chefs who own and/or operate some of the nation's leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. The Chefs' Warehouse, Inc. carries and distributes ...