The Chefs' Warehouse
Distributes specialty ingredients, proteins, produce, and staples to professional kitchens.
Something off on this page? Send us feedback.
Profile
Supplies professional kitchens with specialty ingredients, custom-cut proteins, produce, and broadline staples, earning revenue through a single foodservice distribution segment concentrated in the United States. Culinary sales expertise and a temperature-controlled delivery network support a broad catalog, while Allen Brothers sells selected proteins directly to consumers.
Distributes specialty foods, center-of-the-plate proteins, produce, and broadline staples to restaurants, hotels, country clubs, caterers, culinary schools, cruise lines, casinos, and specialty food stores. Offerings range from cheeses, charcuterie, oils, truffles, caviar, chocolate, and pastry ingredients to custom-cut beef, seafood, and poultry. Allen Brothers sells selected proteins directly to consumers online.
Serves primarily U.S. markets, with operations in Canada and the Middle East, through one reportable foodservice distribution segment. More than 90,000 items, culinary-trained sales specialists, sourcing relationships, temperature-controlled warehousing, and rapid delivery let customers consolidate specialty and staple purchasing.
Growth combines product penetration with acquisitions that add categories and geography. Results depend on food-away-from-home demand, safe sourcing, warehouse and fleet execution, food-safety and transportation compliance, and passing through changes in food, labor, and fuel costs.
Company facts
Key statistics
Year to date +84.4% · Average volume (30d) 671.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | UBS | Reiterate | Buy | $83 | $125 | |
| Jul 15, 2026 | Morgan Stanley | Downgrade | Overweight | Equal Weight | $83 | $97 |
| Jul 6, 2026 | Cowen & Co. | Initiate | Buy | |||
| Apr 30, 2026 | Morgan Stanley | Target | $75 | $83 | ||
| Feb 12, 2026 | Wolfe Research | Target | $84 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.59 | $0.78 | +32.2% | $1.12B | $1.17B | +3.9% | +5.44% |
| Apr 29, 2026Q1 FY26 | $0.23 | $0.40 | +73.9% | $1.01B | $1.06B | +5.0% | +2.51% |
| Feb 11, 2026Q4 FY25 | $0.62 | $0.68 | +9.7% | $1.10B | $1.14B | +4.0% | +5.69% |
| Oct 29, 2025Q3 FY25 | $0.43 | $0.50 | +16.3% | $1.10B | $1.02B | −7.0% | −3.82% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $950.7M | $1.03B | $1.02B | $1.14B | $1.06B | $1.17B | |
| Gross profit | $226.0M | $254.3M | $247.2M | $276.6M | $257.4M | $292.9M | |
| Operating income | $22.7M | $40.2M | $38.9M | $51.2M | $33.1M | $58.6M | |
| Net income | $10.3M | $21.2M | $19.1M | $21.7M | $17.4M | $33.8M | |
| Diluted EPS | $0.25 | $0.49 | $0.44 | $0.50 | $0.40 | $0.76 | |
| Gross margin | 23.8% | 24.6% | 24.2% | 24.2% | 24.3% | 25.1% | |
| Operating margin | 2.4% | 3.9% | 3.8% | 4.5% | 3.1% | 5.0% |
Fiscal years (4-quarter sums)FY21 $1.75B · FY22 $2.61B · FY23 $3.43B · FY24 $3.79B · FY25 $4.15B
Revenue by product · Q2 FY26
Balance sheet, Jun 26, 2026Cash & short-term investments $135.5M · Total debt $946.6M · Total assets $2.03B · Shareholders' equity $648.2M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 40.80M · Float 36.78M · 90.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.04M | 14.81% | 13F | Aug 7, 2026 |
| Wellington Management Group LLP | 2.39M | 5.86% | 13F | Aug 14, 2026 |
| Christopher Pappas · director, officer: President and CEO | 2.17M | 5.31% | Form 4 | Aug 18, 2026 |
| Vanguard Capital Management LLC | 1.62M | 3.97% | 13F | Aug 13, 2026 |
| JPMorgan Chase & Co | 1.56M | 3.82% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Alexandros Aldous | officer: General Counsel | −35,000 | $110.97 |
| Aug 14, 2026 | Christopher Pappas | director, officer: President and CEO | −100,000 | $110.11 |
| Aug 14, 2026 | Christina Polychroni | officer: Chief Human Resources Officer | −2,752 | $112.00 |
| May 19, 2026 | Christina Polychroni | officer: Chief Human Resources Officer | −4,500 | $79.21 |
| May 5, 2026 | Christopher Pappas | director, officer: President and CEO | −125,000 | $78.00 |
Peers
- Sysco
Broadline scale across restaurants, produce, proteins, and specialties
- US Foods
Broadline rival for independent restaurants and hospitality accounts
- Performance Food Group
Foodservice scale in restaurants, custom proteins, and local service
- HF Foods Group
Specialty restaurant distributor with produce, seafood, and Asian foods
- United Natural Foods
Specialty and fresh wholesale overlap, mostly retailer-focused
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Chefs' Warehouse | $115.00 | −0.04% | $4.69B | 54.8 | 41.7 | 1.1 | +12.9% |
| Sysco | $82.10 | +0.20% | $39.18B | 22.4 | 16.2 | 0.5 | +4.7% |
| US Foods | $107.27 | −0.03% | $23.62B | 33.0 | 20.6 | 0.6 | +4.5% |
| Performance Food Group | $100.85 | +0.03% | $15.84B | 44.0 | 17.9 | 0.2 | +6.4% |
| HF Foods Group | $1.80 | +0.56% | $96.3M | — | 6.4 | 0.1 | +2.8% |
| United Natural Foods | $45.80 | −0.04% | $2.77B | — | 14.6 | 0.1 | −4.2% |
| Median | 33.0 | 16.2 | 0.2 | +4.5% |