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Chefs' Warehouse (CHEF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Chefs' Warehouse (CHEF) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +11% from a year earlier and -3% from the quarter before. Operating margin was 4.5%, net earnings $29.6M (2.6% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -3% | +11% |
| Gross profit | $284M | -3% | +15% |
| Operating profit | $51.5M | -12% | +32% |
| Net earnings | $29.6M | -12% | +55% |
| Operating cash flow | $44.5M | -24% | — |
| Free cash flow | $36.0M | -27% | — |
What changed
Revenue was $1.1B in Q3 2026, up 11% year over year and down 3% from the previous quarter. Center-of-the-Plate was the largest line at 39% of revenue. Center-of-the-Plate added $0.05B year over year (up 14%), 47% of the total change. Dairy and Eggs declined 8%.
Gross margin was 25.0%, up 0.8 points from Q3 2025. Operating profit was $0.05B, a 4.5% margin (up 0.7 points year over year). Of the extra revenue versus Q3 2025, 11% reached operating profit, above the 4% margin then. Operating expenses grew 12% against revenue growth of 11%. Net earnings were $0.03B, up 55% year over year. The effective tax rate was 30.3%.
Operating cash flow was $0.04B, 150% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.01B left free cash flow of $0.04B.
Questions
What was Chefs' Warehouse's revenue in the third quarter 2026?
Chefs' Warehouse (CHEF) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), +11% from a year earlier and -3% from the quarter before.
Was Chefs' Warehouse profitable in the third quarter 2026?
Operating profit was $51.5M (4.5% of revenue) and net earnings $29.6M.
Source: Chefs' Warehouse 10-Q on SEC EDGAR.