Chefs' Warehouse, Inc. (CHEF) Form 10-Q — Oct 28, 2026
The Chefs' Warehouse delivered strong Q3 2026 results with net sales of $1.135 billion, up 11.2% year over year, and net income of $29.6 million, up roughly 55% from $19.1 million a year ago. Organic growth of 10.3% was driven by 6.1% specialty case count growth and 6.6% center-of-the-plate pounds growth, with gross margin expanding to 25.0% from 24.2%. After quarter-end on October 15, 2026, the company completed a refinancing: it borrowed $675 million under a new 2033 Term Loan (SOFR + 2.00%), repaid its existing term loan (~$244.75 million), and redeemed its 2.375% 2028 convertible notes, delivering approximately $437.1 million in cash plus 2.67 million shares to converting holders.
Key figures
- Eps
- 0.67
- Revenue
- 1135379000
- Net Income
- 29617000
- Debt Amount
- 675000000
- Revenue Yoy
- 11.2%
- Total Assets
- 2083219000
- Cash Position
- 164725000
- Shares Outstanding
- 43462895
- Total debt
- 728874000
- Term loan rate
- SOFR + 2.00%
- Ytd net income
- 80751000
- Organic growth q3
- 10.3%
- Term loan maturity
- 2033-10-15
- Capex guidance fy2026
- $50.0-$60.0 million
- Gross profit margin q3
- 25.0%
- Operating cash flow ytd
- 141138000
- Convertible notes cash settlement
- $437.1 million plus 2,671,056 shares
- Gross profit margin prior year q3
- 24.2%
- Share repurchase authorization remaining
- $57.6 million
AI analysis
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