The Chefs' Warehouse, Inc. (CHEF) Earnings Call Transcripts

The Chefs' Warehouse, Inc.'s Latest Earnings Call - Q1 FY2026

Cheffelo AB (publ) reported strong first quarter results for 2026, with net sales reaching SEK 375 million, up 11.4% year-over-year, despite adverse Easter calendar effects. The company achieved a record EBIT of SEK 35.7 million, reflecting a remarkable 74% increase compared to the previous year. Management maintained its guidance for net sales growth in the first half of 2026 at 14% to 18%, signaling continued momentum in the business and effective brand consolidation in Norway.

Reported metrics

Guidance from management

Management maintained its growth guidance for the first half of 2026 at 14% to 18% in reported sales, indicating confidence in ongoing momentum and operational improvements.

What management said

So let's go to the first question, and that comes from Jacob Benon. Congratulations on a stellar quarter. Thank you, Jacob. You state that you expect H1 revenue to grow by 14% to 18%. Can you confirm that this is reported growth and not local currency growth?

Jacob, yes, we can confirm that this is intended to be reported growth. However, I cannot foresee the currency fluctuation, but if it remains stable, yes, this is intended to be the reported growth.

What analysts pressed on

Analysts expressed concerns regarding potential impacts of declining consumer sentiment on demand for meal kits, particularly in light of geopolitical tensions and rising fuel prices. There were also inquiries about the competitive landscape and how VAT changes might affect customer behavior.

Main topics on the call

• Record EBIT Growth — Cheffelo achieved a record EBIT of SEK 35.7 million, an increase of almost 74% year-over-year, driven by higher sales volumes and improved cost efficiency. Management noted, "The positive scale effect from higher volumes...
• Successful Brand Consolidation — The consolidation of Cheffelo's two Norwegian brands into Godtlevert has exceeded expectations, resulting in higher customer retention and improved operational efficiency. Management stated, "The migration project went b...
• Strong Sales Growth Across Markets — Net sales growth was reported at 13.5% in local currency, with Norway leading at nearly 17% growth. Sweden returned to double-digit growth at just over 12%, while Denmark grew by 4.4%, indicating a positive trend across ...
• Increased Average Order Value — Average order value increased by 5.9% due to price adjustments and a favorable mix of meal kits. This growth reflects Cheffelo's strategy to enhance customer experience while maintaining profitability.

Read the full The Chefs' Warehouse, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 The Chefs' Warehouse, Inc. earnings call transcripts on record, spanning February 25, 2022 to July 29, 2026. Based on this history, The Chefs' Warehouse, Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CHEF

Exchange

NasdaqGS

Country

US

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

25

First call

February 25, 2022

Most recent

July 29, 2026

Reporting cadence

quarterly