The Chefs' Warehouse, Inc.

Filing receipts

“The decrease in cash provided by operating activities was primarily due to timing inventory purchases and supplier payments, partially offset by sales growth.”

“Selling, General and Administrative Expenses 2026 2025 $ Change % Change Selling, general and administrative expenses $ 224,145 $ 202,763 $ 21,382 10.5 % Percentage of net sales 21.2 % 21.3 % The increase in selling, general and administrative expenses was primarily due to higher costs associated with compensation and benefits to support sales growth, higher depreciation expense driven by facility and fleet investments and higher self-insurance expense.”

“Gross Profit 2026 2025 $ Change % Change Gross profit $ 257,368 $ 225,995 $ 31,373 13.9 % Gross profit margin 24.3 % 23.8 % Gross profit dollars increased $25.7 million as a result of sales growth which includes inflation and acquisitions, with the remainder of the increase primarily due to improved gross profit margin rates.”