Cost ChallengesThe cost of a new warehouse facility is 3x what it was pre-COVID, which favors larger operators and challenges smaller ones.
Integration RisksThe company is at an inflection point where margin leverage is expected to improve as it integrates recent acquisitions and enhances capacity, technology, and training.
Market FragmentationCHEF remains committed to its long-term EBITDA margin goal, with potential to regain a premium multiple as it continues to generate solid organic growth in a fragmented market.