Chefs’ warehouse, inc. (CHEF)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

375,431

426,507

396,880

411,420

357,027

394,056

361,496

370,442

318,615

357,098

325,076

331,656

287,690

342,904

297,917

291,209

260,836

291,830

276,306

280,851

197,891

224,312

208,070

213,144

187,183

193,388

170,581

170,157

139,419

142,591

124,807

114,825

98,069

116,513

101,681

99,255

83,183

84,928

83,613

Cost of sales

284,530

318,811

294,887

304,945

266,838

291,764

269,503

277,202

239,093

265,125

244,171

249,060

213,786

253,840

223,525

219,406

194,878

214,761

206,134

209,137

148,135

168,317

157,377

160,742

141,115

144,177

126,624

126,115

104,265

106,484

92,430

84,354

72,020

85,499

75,051

73,000

61,148

62,865

61,670

Gross profit

90,901

107,696

101,993

106,475

90,189

102,292

91,993

93,240

79,522

91,973

80,905

82,596

73,904

89,064

74,392

71,803

65,958

77,069

70,172

71,714

49,756

55,995

50,693

52,402

46,068

49,211

43,957

44,042

35,154

36,107

32,377

30,471

26,049

31,014

26,630

26,255

22,035

22,063

21,943

Operating expenses

107,917

89,262

91,345

90,939

84,039

84,490

81,725

78,292

73,782

76,624

70,411

70,433

70,783

66,659

66,106

60,615

60,598

61,995

57,319

62,381

46,616

44,326

41,660

43,845

42,317

39,017

34,522

32,987

29,257

28,240

25,052

21,954

20,991

21,321

21,290

18,551

16,976

15,810

16,340

Operating (loss) income

-17,016

18,434

10,648

15,536

6,150

17,802

10,268

14,948

5,740

15,349

10,494

12,163

3,121

22,405

8,286

11,188

5,360

15,074

12,853

9,333

3,140

11,669

9,033

8,557

3,751

10,194

9,435

11,055

5,897

7,867

7,325

8,517

5,058

9,693

5,340

7,704

5,059

6,253

5,603

Interest expense

5,124

4,351

4,517

4,845

4,551

5,709

4,676

5,381

4,979

5,303

5,593

5,880

5,933

6,362

5,947

25,667

3,656

3,672

3,902

3,574

1,836

2,103

1,896

2,109

2,059

2,177

2,328

1,903

1,367

1,220

1,010

895

549

528

7,249

3,343

3,450

472

512

Gain on fluctuation of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

81

228

248

Loss on asset disposal

-42

-37

-24

-6

-34

-139

0

-30

0

-

-10

0

-

112

-40

0

-3

-46

-8

0

349

-

-5

10

-

-

0

-4

-

-

-3

-

-

-3

0

0

-3

-

-

(Loss) income before income taxes

-22,182

14,046

6,107

10,685

1,565

11,954

5,592

9,537

761

10,046

4,891

6,283

-2,812

16,155

2,299

-14,479

1,701

11,356

8,943

5,759

1,653

9,566

7,132

6,458

1,692

8,013

7,107

9,148

4,530

6,632

6,312

7,622

4,509

9,162

-1,909

4,361

1,687

6,009

5,339

Provision for income taxes

-8,097

3,158

1,682

2,939

431

3,072

1,435

2,718

217

563

2,040

2,609

-1,170

7,013

956

-6,024

708

4,701

3,719

2,396

686

4,367

2,925

2,638

703

3,175

2,947

3,803

1,883

3,029

2,496

3,163

1,876

3,952

-724

1,708

667

1,600

1,050

Net (loss) income

-14,085

10,888

4,425

7,746

1,134

8,882

4,157

6,819

544

9,483

2,851

3,674

-1,642

9,142

1,343

-8,455

993

6,655

5,224

3,363

967

5,199

4,207

3,820

989

4,838

4,160

5,345

2,647

3,603

3,816

4,459

2,633

5,210

-1,185

2,653

1,020

4,409

4,289

Other comprehensive (loss) income:
Foreign currency translation adjustments

-378

71

-71

118

55

627

-96

-281

-922

32

369

235

1

-271

-72

521

585

-974

-914

-207

-161

-48

-394

269

-306

-

142

-337

-

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income

-14,463

10,959

4,354

7,864

1,189

9,509

4,061

6,538

-378

9,515

3,220

3,909

-1,641

8,871

1,271

-7,934

1,578

5,681

4,310

3,156

806

5,151

3,813

4,089

683

4,819

4,302

5,008

2,647

-

3,816

4,459

-

-

-

-

-

-

-

Earnings Per Share [Abstract]
Deemed dividend accretion on Class A members' units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,322

1,180

Net income (loss) attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,087

3,109

Basic (in dollars per share)

-0.48

0.37

0.15

0.26

0.04

0.31

0.14

0.24

0.02

0.36

0.11

0.14

-0.06

0.36

0.05

-0.33

0.04

0.26

0.20

0.13

0.04

0.21

0.17

0.16

0.04

0.19

0.20

0.26

0.13

0.17

0.18

0.22

0.13

0.26

-0.06

0.17

0.07

0.14

0.14

Diluted (in dollars per share)

-0.48

0.36

0.15

0.26

0.04

0.30

0.14

0.24

0.02

0.35

0.11

0.14

-0.06

0.36

0.05

-0.33

0.04

0.26

0.20

0.13

0.04

0.21

0.17

0.15

0.04

0.19

0.20

0.25

0.13

0.17

0.18

0.21

0.13

0.26

-0.06

0.17

0.06

0.13

0.13

Weighted average common shares outstanding:
Basic (in shares)

29,621

29,595

29,549

29,527

29,457

29,442

29,080

28,166

28,122

26,438

26,092

25,990

25,952

25,944

25,936

25,912

25,884

25,870

25,864

25,726

24,666

24,656

24,649

24,627

24,618

24,609

20,928

20,781

20,747

20,734

20,662

20,541

20,511

20,724

18,696

15,489

15,455

22,721,388

22,524

Diluted (in shares)

29,621

30,649

29,954

29,848

29,840

31,179

29,743

29,595

28,197

29,081

27,387

27,276

25,952

26,311

25,977

25,912

25,917

27,274

27,154

26,884

24,722

24,842

24,845

24,850

24,839

24,822

21,145

21,018

20,993

20,944

20,980

20,884

20,896

21,430

18,696

16,000

16,000

23,356,322

23,356