The Chefs Warehouse Inc (CHEF)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 23, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	814,474	773,181	723,271	670,831	618,636	556,994	509,181	449,051	390,485	323,671	274,058	221,610	248,151	291,702	328,334	386,585	386,568	386,434	381,433	372,996
Revenue (ttm)	US$ in thousands	3,390,158	3,204,095	2,984,768	2,758,593	2,556,732	2,356,999	2,186,010	1,960,931	1,728,659	1,455,813	1,225,007	1,001,170	1,095,986	1,240,819	1,383,953	1,595,990	1,578,167	1,545,716	1,510,078	1,468,349
Gross profit margin		24.02%	24.13%	24.23%	24.32%	24.20%	23.63%	23.29%	22.90%	22.59%	22.23%	22.37%	22.14%	22.64%	23.51%	23.72%	24.22%	24.49%	25.00%	25.26%	25.40%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $814,474K ÷ $3,390,158K
= 24.02%

The gross profit margin of The Chefs Warehouse Inc has shown a relatively stable trend over the past five years, ranging between 22.14% and 25.40%. The company's gross profit margin has generally been above 22%, indicating its ability to effectively manage production costs and generate profits from its sales. The slight variation in the margin reflects fluctuations in revenue and cost of goods sold over time. Overall, the consistently positive gross profit margin signifies that The Chefs Warehouse Inc has been able to maintain healthy profitability levels in its operations.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

The Chefs Warehouse Inc

CHEF

24.02%

Performance Food Group Co

United Natural Foods Inc

UNFI

13.56%