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The Chef's Warehouse CHEF Non-Production/Direct Costs — Cost of Sales

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Other financials

Income statement

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Revenue$1.2B+12.9%
Gross profit$292.9M+15.2%
Operating income$58.6M+45.8%
Net income$33.8M+59.0%
EPS (diluted)$0.76+55.1%

Balance sheet

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Cash & equivalents$135.5M+39.8%
Total debt$1.1B+7.6%
Total equity$648.2M+16.2%
Total assets$2.0B+6.2%

Cash flow

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Operating cash flow$58.4M+303%
CapEx$9.2M-7.5%
Free cash flow$49.2M+987%

Valuation

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Market cap$4.45B+66.1%
Enterprise value$5.42B+50.1%
P/E48.4×+9.9×
P/S+0.3×

Profitability

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Gross margin24.5%+0.3pp
Operating margin4%+0.4pp
Net margin2.1%+0.3pp
FCF margin3%+1.8pp

Returns & leverage

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Return on equity15.3%+1.6pp
Debt / equity1.7×-0.1×
Current ratio2.1×+0.1×

Where this comes from

Reported directly by The Chef's Warehouse in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: The Chef's Warehouse’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 8:30 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001517175-26-000028
Line itemThirteen Weeks Ended / June 26, 2026Thirteen Weeks Ended / June 27, 2025Twenty-Six Weeks Ended / June 26, 2026Twenty-Six Weeks Ended / June 27, 2025
United States$1,083,805$941,515$2,041,779$1,793,420
International84,80893,391185,844192,234
Total net sales$1,168,613$1,034,906$2,227,623$1,985,654
Less:
Cost of sales - non-production costs (2)860,272764,0301,647,2891,470,531
Cost of sales - food processing costs (3)(4)15,45416,53730,07934,789
Cost of sales875,726780,5671,677,3681,505,320
Gross profit$292,887$254,339$550,255$480,334

Item 1. Condensed Consolidated Financial Statements (unaudited):

FAQ

What is The Chef's Warehouse's non-production/direct costs — cost of sales?
The Chef's Warehouse (CHEF) reported non-production/direct costs — cost of sales of $860.27M in Q2 2026.
How has The Chef's Warehouse's non-production/direct costs — cost of sales changed year-over-year?
The Chef's Warehouse's non-production/direct costs — cost of sales increased by 12.6% year-over-year, from $764.03M to $860.27M.
What is the long-term trend for The Chef's Warehouse's non-production/direct costs — cost of sales?
Over 3 years (2022 to 2025), The Chef's Warehouse's non-production/direct costs — cost of sales has grown at a 16.3% compound annual growth rate (CAGR), from $1.95B to $3.08B.
What does non-production/direct costs — cost of sales mean?
This metric represents the direct costs associated with the procurement and distribution of specialty food products, including the purchase price of inventory and inbound freight. It serves as a primary indicator of the company's ability to manage supply chain expenses and maintain gross margins within its food distribution operations. Monitoring this figure helps investors assess the impact of commodity price fluctuations and logistics efficiency on the company's core profitability.

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