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Chefs' Warehouse (CHEF) operating margin by quarter

Chefs' Warehouse's operating margin was 4.5% in Q3 2026 (third quarter 2026), -0.5 pts from Q2 2026. Over the last 7 quarters it ranged from 2.4% (Q1 2025) to 5.0% (Q2 2026).

Chefs' Warehouse operating margin by quarterChefs' Warehouse operating margin by quarter2.4%Q1 20253.9%Q2 20253.8%Q3 20253.8%Q4 20253.1%Q1 20265.0%Q2 20264.5%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20264.5%-0.5 pts+0.7 pts
Q2 20265.0%+1.9 pts+1.1 pts
Q1 20263.1%-0.7 pts+0.7 pts
Q4 20253.8%-0.0 pts—
Q3 20253.8%-0.1 pts—
Q2 20253.9%+1.5 pts—
Q1 20252.4%——

Q3 2026 at a glance

Chefs' Warehouse, Q3 2026: revenue $1.1B (+11% year over year), operating margin 4.5%, net earnings $29.6M, operating cash flow $44.5M. The chart follows the revenue to costs, profit and cash.

Questions

What is Chefs' Warehouse's operating margin?

Chefs' Warehouse's operating margin was 4.5% in Q3 2026 (third quarter 2026), -0.5 pts from Q2 2026.

How has Chefs' Warehouse's operating margin changed?

Over the last 7 quarters it ranged from 2.4% (Q1 2025) to 5.0% (Q2 2026).

Q3 2026 results → · How Chefs' Warehouse makes money →