Chefs' Warehouse (CHEF) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 11, 2026 astatine 9:56 AM CST 33 min read

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Feb. 11, 2026 astatine 8:30 a.m. ET

• Founder, Chairman, and Chief Executive Officer — Christopher Pappas

• Chief Financial Officer — James Leddy

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Christopher Pappas, Founder, Chairman, and CEO, and James Leddy, our CFO. By now, you should person entree to our 4th fourth 2025 net property release. It tin besides beryllium recovered astatine www.chefswarehouse.com nether the Investor Relations section. Throughout the league call, we volition beryllium presenting non-GAAP fiscal measures including, among others, humanities and estimated EBITDA and adjusted EBITDA arsenic good arsenic humanities adjusted nett income, adjusted net per share, adjusted operating expenses, adjusted operating expenses arsenic a percent of nett sales, and arsenic a percent of gross profit, nett debt, nett indebtedness leverage, and escaped currency flow.

These measures are not calculated successful accordance with GAAP and whitethorn beryllium calculated otherwise successful likewise titled non-GAAP fiscal measures utilized by different companies. Quantitative reconciliations of our non-GAAP fiscal measures to their astir straight comparable GAAP fiscal measures look successful today's property merchandise and 4th fourth 2025 net presentation. Before we statesman our ceremonial remarks, I request to punctual everyone portion of our treatment contiguous volition see forward-looking statements including statements regarding our estimated fiscal performance. Such forward-looking statements are not guarantees of aboriginal performance. And therefore, you should not enactment undue reliance connected them. These statements are taxable to galore risks and uncertainties that could origin existent results to disagree materially from what we expect.

Some of these risks are mentioned successful today's release. Others are discussed successful our yearly study connected Form 10-Ks and quarterly reports connected Form 10-Q, which are disposable connected the SEC website. Today, we are going to supply a concern update and spell implicit our 4th fourth results successful detail. For a information of our treatment this morning, we volition notation to a fewer slides posted connected The Chefs' Warehouse website nether the Investor Relations conception titled Fourth Quarter 2025 Earnings Presentation. Please enactment that these slides are disclosed astatine this clip for illustration purposes only. Then we volition unfastened up the telephone for questions. With that, I volition crook the telephone implicit to Christopher Pappas. Chris?

Christopher Pappas: Thank you, Alex, and convey you each for joining our 4th fourth 2025 net call. Business enactment and request remained consistently beardown done the 4th fourth amidst a steadfast situation for our halfway upscale casual to higher-end eating lawsuit base. Our teams crossed home and planetary markets provided fantabulous merchandise and work amidst a engaged vacation season. During the quarter, we continued increasing marketplace share, closing the twelvemonth with beardown year-over-year integrated measurement growth, unsocial point placements, and caller lawsuit acquisition. I'd similar to convey the full Chefs' Warehouse squad for their dedication and committedness successful delivering a beardown 2025 for our squad members, our customers, supplier partners, and our shareholders.