Jun 2026 (Q2 FY26) — Jul 29, 2026
The Chefs' Warehouse Q2 FY26 — Strong Growth and Raised Full-Year & Long-Term Targets
Read the full callChefs' Warehouse earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,059 | +11.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 3.1 | +0.7 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 17.4 | +68.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Price
1Y: $58.15 on 17 Oct 2025 → $111.28. High $116.42 (2 Oct 2026), low $57.27 (20 Nov 2025).
Overview
Call summaries
The Chefs' Warehouse Q2 FY26 — Strong Growth and Raised Full-Year & Long-Term Targets
Read the full callThe Chefs' Warehouse Q1 FY26 — Strong North American Performance Offsets Middle East Headwinds
Read the full callEvery analysed call
Financials
Net profit, year on year: +69% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 955 | 931 | 1,034 | 951 | 1,035 | 1,021 | 1,143 | 1,059 |
| Operating profit | 34 | 32 | 46 | 23 | 40 | 39 | 43 | 33 |
| Operating margin | 3.5% | 3.4% | 4.5% | 2.4% | 3.9% | 3.8% | 3.8% | 3.1% |
| Interest | 12 | 12 | 12 | 10 | 11 | 11 | 10 | 10 |
| Profit before tax | 22 | 20 | 34 | 12 | 30 | 28 | 33 | 23 |
| Tax rate | 30.0% | 30.0% | 30.6% | 17.6% | 28.0% | 32.6% | 34.6% | 23.6% |
| Net profit | 16 | 14 | 24 | 10 | 21 | 19 | 22 | 17 |
| EPS ($ per share) | 0.41 | 0.37 | — | 0.27 | 0.55 | 0.50 | — | 0.45 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 103 | 125 | 43 | 38 | 65 | 100 | 142 | 202 |
| Total liabilities | 424 | 678 | 630 | 724 | 1,108 | 1,251 | 1,321 | 1,424 |
| Fixed assets | 85 | 93 | 115 | 134 | 186 | 235 | 276 | 342 |
| Total assets | 732 | 1,014 | 974 | 1,074 | 1,509 | 1,705 | 1,859 | 2,028 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 45 | 45 | 43 | -20 | 23 | 62 | 153 | 129 |
| Cash from investing | -34 | -44 | -68 | -49 | -232 | -179 | -50 | -47 |
| Cash from financing | -10 | 97 | 78 | -9 | 253 | 9 | -38 | -76 |
| Net cash flow | 1 | 98 | 53 | -78 | 44 | -109 | 65 | 6 |
| Capital expenditure | -20 | -16 | -7 | -39 | -46 | -57 | -50 | -41 |
| Free cash flow | 25 | 29 | 36 | -59 | -23 | 4 | 104 | 88 |
| Segment | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Foodservice Distribution | — | — | — | — | — | — | 100% | 100% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Q2 FY2026 · share of revenue
As CHEF cuts its regions in its filings; they can nest, so they need not add to 100%.
65 filings between Nov 4, 2025 and Aug 14, 2026.
Purchases
None
No insider bought shares.
Sales
$35.74M
18 sales by 5 insiders
6% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 4 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Pappas Christopher | — | $26.76M | Aug 14, 2026 |
| Aldous Alexandros | — | $5.98M | Aug 14, 2026 |
| Leddy James | — | $1.37M | Nov 4, 2025 |
| Polychroni Christina | — | $1.10M | Aug 14, 2026 |
| McCauley Tim | — | $525.0K | Feb 18, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 14, 2026 | Aldous Alexandros General Counsel | Sale | 9,514 | $1.06M |
| Aug 14, 2026 | Aldous Alexandros General Counsel | Sale | 300 | $32.1K |
| Aug 14, 2026 | Aldous Alexandros General Counsel | Sale | 3,057 | $329.1K |
| Aug 14, 2026 | Pappas Christopher President and CEO | Sale | 50,000 | $5.52M |
| Aug 14, 2026 | Aldous Alexandros General Counsel | Sale | 8,364 | $938.1K |
| Aug 14, 2026 | Aldous Alexandros General Counsel | Sale | 4,213 | $458.3K |
| Aug 14, 2026 | Polychroni Christina Chief Human Resources Officer | Sale | 2,752 | $308.2K |
| Aug 14, 2026 | Pappas Christopher President and CEO | Sale | 50,000 | $5.49M |
| Aug 14, 2026 | Aldous Alexandros General Counsel | Sale | 3,380 | $372.3K |
| Aug 14, 2026 | Aldous Alexandros General Counsel | Sale | 6,172 | $698.6K |
| Jun 1, 2026 | Pappas Christopher President and CEO | Gift | 21,819 | $0 |
| May 19, 2026 | Polychroni Christina Chief Human Resources Officer | Sale | 4,500 | $356.4K |
| May 8, 2026 | Owens Lester Director | Award | 1,652 | $0 |
| May 8, 2026 | GOLDSTONE STEVEN F Director | Award | 1,652 | $0 |
| May 8, 2026 | LEWIS AYLWIN B Director | Award | 1,652 | $0 |
| May 8, 2026 | Walton Debra Director | Award | 1,652 | $0 |
| May 8, 2026 | Peretz Richard N. Director | Award | 1,652 | $0 |
| May 8, 2026 | Weinstein Wendy M. Director | Award | 1,652 | $0 |
| May 5, 2026 | Pappas Christopher President and CEO | Sale | 125,000 | $9.75M |
| May 4, 2026 | Pappas Christopher President and CEO | Gift | 79,950 | $0 |
| Mar 4, 2026 | Aldous Alexandros General Counsel | Tax withheld | 1,468 | $91.8K |
| Mar 4, 2026 | Polychroni Christina Chief Human Resources Officer | Tax withheld | 999 | $62.5K |
| Mar 4, 2026 | McCauley Tim Chief Accounting Officer | Tax withheld 10b5-1 plan | 551 | $34.4K |
| Mar 4, 2026 | Leddy James Chief Financial Officer | Tax withheld | 1,822 | $113.9K |
| Mar 4, 2026 | Pappas John Vice Chairman and COO | Tax withheld | 2,742 | $171.4K |
| Mar 4, 2026 | Pappas Christopher President and CEO | Tax withheld | 4,119 | $257.5K |
| Mar 3, 2026 | Pappas Christopher President and CEO | Sale | 95,908 | $6.00M |
| Mar 3, 2026 | Pappas Christopher President and CEO | Option exercise | 95,908 | $1.94M |
| Mar 2, 2026 | Pappas Christopher President and CEO | Gift | 60,392 | $0 |
| Mar 2, 2026 | Polychroni Christina Chief Human Resources Officer | Sale | 3,317 | $217.1K |
| Feb 28, 2026 | McCauley Tim Chief Accounting Officer | Tax withheld 10b5-1 plan | 531 | $37.9K |
| Feb 28, 2026 | Pappas John Vice Chairman and COO | Tax withheld | 2,640 | $188.5K |
| Feb 28, 2026 | Leddy James Chief Financial Officer | Tax withheld | 1,754 | $125.2K |
| Feb 28, 2026 | Aldous Alexandros General Counsel | Tax withheld | 1,413 | $100.9K |
| Feb 28, 2026 | Polychroni Christina Chief Human Resources Officer | Tax withheld | 406 | $29.0K |
| Feb 28, 2026 | Pappas Christopher President and CEO | Tax withheld | 3,965 | $283.1K |
| Feb 27, 2026 | Aldous Alexandros General Counsel | Sale | 29,500 | $2.10M |
| Feb 27, 2026 | Polychroni Christina Chief Human Resources Officer | Sale | 3,084 | $220.0K |
| Feb 25, 2026 | Pappas Christopher President and CEO | Tax withheld | 1,689 | $121.8K |
| Feb 25, 2026 | Leddy James Chief Financial Officer | Tax withheld | 876 | $63.2K |
| Feb 25, 2026 | McCauley Tim Chief Accounting Officer | Tax withheld 10b5-1 plan | 410 | $29.6K |
| Feb 25, 2026 | Pappas John Vice Chairman and COO | Tax withheld | 1,292 | $93.2K |
| Feb 25, 2026 | Aldous Alexandros General Counsel | Tax withheld | 678 | $48.9K |
| Feb 25, 2026 | Polychroni Christina Chief Human Resources Officer | Tax withheld | 514 | $37.1K |
| Feb 24, 2026 | Pappas Christopher President and CEO | Award | 30,520 | — |
| Feb 24, 2026 | Pappas Christopher President and CEO | Tax withheld | 31,880 | $2.31M |
| Feb 24, 2026 | Pappas Christopher President and CEO | Award | 45,431 | — |
| Feb 24, 2026 | Leddy James Chief Financial Officer | Award | 8,907 | — |
| Feb 24, 2026 | Leddy James Chief Financial Officer | Tax withheld | 4,543 | $329.0K |
| Feb 24, 2026 | Leddy James Chief Financial Officer | Award | 7,431 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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