The Chefs' Warehouse, Inc. (CHEF) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for The Chefs' Warehouse, Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.000 -- 00:00:05.360 Greetings and welcome to the Chef's Warehouse second quarter 2025 earnings conference 00:00:05.360 -- 00:00:10.220 call. As a reminder, this conference is being recorded. 00:00:10.220 -- 00:00:15.280 I would now like to turn the conference over to your host, Alex Aldis, General Counsel, 00:00:15.280 -- 00:00:18.580 Corporate Secretary and Chief Government Relations Officer. 00:00:18.580 -- 00:00:21.340 Please go ahead, sir. 00:00:23.240 -- 00:00:24.940 Thank you, operator. Good morning, everyone. 00:00:24.940 -- 00:00:29.440 With me on today's call are Chris Pappas, Founder, Chairman and CEO, and Jim Letty, our 00:00:29.440 -- 00:00:34.280 CFO. By now, you should have access to our second quarter 2025 earnings press release. 00:00:34.280 -- 00:00:37.540 It can also be found at .chefswarehouse.com 00:00:37.680 -- 00:00:41.920 under the investor relations section. Throughout this conference call, we will be presenting 00:00:41.920 -- 00:00:46.220 non-GAAP financial measures, including among others, historical and estimated EBITDA 00:00:46.220 -- 00:00:51.220 and adjusted EBITDA, as well as historical adjusted net income, adjusted earnings 00:00:51.220 -- 00:00:56.260 per share, adjusted operating expenses, adjusted operating expenses as a percentage of 00:00:56.260 -- 00:01:01.280 net sales and as a percentage of gross profit, net debt leverage and free cash flow. 00:01:01.280 -- 00:01:05.740 These measures are not calculated in accordance with GAAP and may be calculated differently 00:01:05.740 -- 00:01:10.500 and similarly titled non-GAAP financial measures used by other companies. 00:01:10.500 -- 00:01:14.540 Quantitative reconciliations of our non-GAAP financial measures to their most directly 00:01:14.540 -- 00:01:18.480 compara...