Chefs' Warehouse (CHEF) Report Prelim. FY19 Financial Guidance

The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company”), a premier distributor of specialty food products in the United States and Canada, today announced its preliminary outlook for full year 2019.

Based on current trends in the business, the Company is providing the following financial guidance for fiscal year 2019:

• Net sales between $1.52 billion and $1.57 billion
• Gross profit between $390 million and $400 million
• Adjusted EBITDA between $86 million and $90 million

“The Chefs' Warehouse continues to grow into the most nimble, high-touch, and dynamic last-mile distribution solution in the foodservice industry,” said Christopher Pappas, chairman and chief executive officer of the Company. “In 2019, we will continue to focus on driving solid organic growth, increasing customer adoption of our e-commerce platform and mobile app and optimizing our systems to enhance both our customer and employee experience.”

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