Strong Revenue and Gross Profit Growth
Net sales for the third quarter increased by 9.6% to $1.021 billion, and gross profit increased by 10% to $247.2 million.
Operating Income and Net Income Increase
Operating income for the third quarter was $38.9 million compared to $31.9 million in 2024. GAAP net income increased to $19.1 million, or $0.44 per diluted share, from $14.1 million, or $0.34 per diluted share.
Acquisition of Italco Food Products
The company completed the acquisition of Italco Food Products, expanding its presence in the Denver, Colorado market.
Raised Full Year 2025 Guidance
The company raised its full-year financial guidance, estimating net sales between $4.085 billion and $4.115 billion and adjusted EBITDA between $247 million and $253 million.
Expansion in the Middle East
Chefs' Middle East business continued to grow, with facility expansions in Dubai, Qatar, and Oman, contributing to double-digit growth.