The Chefs Warehouse Inc (CHEF)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 55,469 | 34,880 | 32,048 | 41,883 | 41,889 | 48,022 | 42,932 | 20,014 | -6,776 | -72,004 | -94,883 | -126,315 | -123,606 | -55,948 | -33,210 | 8,656 | 32,403 | 30,311 | 29,796 | 28,648 |
| 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 |
| Pretax margin | 1.64% | 1.09% | 1.07% | 1.52% | 1.64% | 2.04% | 1.96% | 1.02% | -0.39% | -4.95% | -7.75% | -12.62% | -11.28% | -4.51% | -2.40% | 0.54% | 2.05% | 1.96% | 1.97% | 1.95% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $55,469K ÷ $3,390,158K
= 1.64%
The pretax margin of The Chefs Warehouse Inc has shown fluctuations over the past few quarters. In the most recent quarter, the pretax margin was 1.64%, which indicates that the company retained $0.0164 of each dollar in revenue before paying taxes. This is a slight improvement from the previous quarter's pretax margin of 1.09%.
Looking back over the last five quarters, the pretax margin has generally been positive, with some quarterly fluctuations. However, there were periods of negative pretax margins, such as in the third quarter of 2021 and the first quarter of 2022, indicating that the company incurred losses before taxes during those periods.
Overall, the company's pretax margin performance suggests a mix of profitability and challenges in controlling expenses relative to its revenue. It would be important for the company to continue monitoring and managing its cost structure to sustain and improve profitability in the future.
Peer comparison
Dec 31, 2023