Chefs' Warehouse (CHEF) Increases Full Year 2022 Guidance

The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”), a premier distributor of specialty food products in North America, today announced that based on current trends in the business and the outlook for the remainder of 2022, the Company is raising full year 2022 guidance as follows:

• Net sales to be in the range of $2.325 billion to $2.425 billion, compared to a range of $2.13 billion to $2.23 billion previously
• Gross profit to be in the range of $542.0 million to $565.0 million, compared to a range of $500.0 million to $524.0 million previously
• Adjusted EBITDA to be in the range of $130.0 million to $140.0 million, compared to a range of $103.0 million to $112.0 million previously

“Strength in customer demand along with our team’s ability to merchandise the world’s finest ingredients with just in time service continues to drive solid financial performance, despite a challenging supply chain and food inflationary environment,” said Christopher Pappas, Chairman and Chief Executive Officer of the Company. “We look forward to leveraging the investments we are making in talent, capacity expansion, technology and operational process improvements to continue driving growth and increased efficiencies.”

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