The Chefs Warehouse Inc (CHEF)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 814,474 | 618,636 | 390,485 | 248,151 | 386,568 |
| Revenue | US$ in thousands | 3,390,260 | 2,556,590 | 1,728,410 | 1,090,630 | 1,573,980 |
| Gross profit margin | 24.02% | 24.20% | 22.59% | 22.75% | 24.56% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $814,474K ÷ $3,390,260K
= 24.02%
The gross profit margin of The Chefs Warehouse Inc has shown variability over the past five years. In 2023, the gross profit margin decreased slightly to 24.02% from 24.20% in 2022. This decrease follows a similar trend observed in 2021 when the gross profit margin was 22.59%. However, in 2020 and 2019, the gross profit margins were higher at 22.75% and 24.56%, respectively. Overall, The Chefs Warehouse Inc has demonstrated fluctuating gross profit margins over the years, indicating potential changes in the company's cost of goods sold and pricing strategies.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
The Chefs Warehouse Inc
CHEF
24.02%
Performance Food Group Co
PFGC
10.97%
SpartanNash Co
SPTN
15.27%
United Natural Foods Inc
UNFI
13.71%