Filing Flows › Chefs' Warehouse (CHEF) › Q2 2026 › vs Q1 2026
Chefs' Warehouse (CHEF) Q2 2026 vs Q1 2026 (quarter over quarter)
Chefs' Warehouse's revenue rose $110M (+10%) from $1.1B in Q1 2026 to $1.2B in Q2 2026. The biggest changes: Total Specialty +$60.5M (+9%); Produce +$26.9M (+19%); Cheese and Charcuterie +$10.4M (+15%). Gross margin 25.1% against 24.3% (+0.8 pts).
Chefs' Warehouse, Q2 2026: revenue $1.2B (+13% year over year), operating margin 5.0%, net earnings $33.8M, operating cash flow $58.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 25.1% | 24.3% | +0.8 pts |
| Operating margin | 5.0% | 3.1% | +1.9 pts |
| Net margin | 2.9% | 1.6% | +1.2 pts |
| Free cash flow margin | 4.2% | 2.9% | +1.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Center-of-the-Plate | $458M | $421M | $36.7M | +9% |
| Dry Goods | $186M | $167M | $19.1M | +11% |
| Dairy and Eggs | $68.6M | $63.9M | $4.7M | +7% |
| Total Specialty | $712M | $651M | $60.5M | +9% |
| Produce | $166M | $139M | $26.9M | +19% |
| Pastry | $149M | $147M | $2.9M | +2% |
| Cheese and Charcuterie | $79.4M | $68.9M | $10.4M | +15% |
| Oils and Vinegars | $36.8M | $31.6M | $5.1M | +16% |
| Kitchen Supplies | $24.9M | $21.2M | $3.7M | +18% |
| Revenue | $1.2B | $1.1B | $110M | +10% |
| Gross profit | $293M | $257M | $35.5M | +14% |
| Cost of revenue | $876M | $802M | $74.1M | +9% |
| Operating profit | $58.6M | $33.1M | $25.5M | +77% |
| Operating expenses | $234M | $224M | $10.0M | +4% |
| Pre-tax earnings | $49.2M | $22.7M | $26.5M | +116% |
| Other expense, net | $9.4M | $10.4M | −$985K | -9% |
| Net earnings | $33.8M | $17.4M | $16.4M | +94% |
| Income tax | $15.5M | $5.4M | $10.1M | +188% |
| Depreciation & amortization | $15.4M | $14.8M | $584K | +4% |
| Share-based compensation | $7.5M | $5.3M | $2.2M | +42% |
| Working capital & other | $1.7M | $813K | $905K | +111% |
| Operating cash flow | $58.4M | $38.3M | $20.1M | +53% |
| Free cash flow (OCF − capex) | $49.2M | $30.6M | $18.6M | +61% |
| Capital expenditures | $9.2M | $7.7M | $1.5M | +20% |
Questions
How much did Chefs' Warehouse's revenue grow quarter over quarter in Q2 2026?
Chefs' Warehouse's revenue rose $110M (+10%) from $1.1B in Q1 2026 to $1.2B in Q2 2026.
What drove Chefs' Warehouse's revenue change in Q2 2026?
Total Specialty +$60.5M (+9%); Produce +$26.9M (+19%); Cheese and Charcuterie +$10.4M (+15%).