The Chefs’ Warehouse, Inc., a premier distributor of specialty food products in the United States and Canada, today reported financial results for its third quarter ended September 28, 2018.
Financial highlights for the third quarter of 2018 compared to the third quarter of 2017:
• Net sales increased 11.2% to $361.5 million for the third quarter of 2018 from $325.1 million for the third quarter of 2017.
• GAAP net income was $4.2 million, or $0.14 per diluted share, for the third quarter of 2018 compared to $2.9 million, or $0.11 per diluted share, in the third quarter of 2017.
• Adjusted net income per diluted share was $0.19 for the third quarter of 2018 compared to $0.11 for the third quarter of 2017.
• Adjusted EBITDA1 was $18.9 million for the third quarter of 2018 compared to $16.4 million for the third quarter of 2017.
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