Alex Aldos
General Counsel, Corporate Secretary, and Chief Government Relations Officer
Replay available
The Chefs' Warehouse, Inc. (NASDAQ: CHEF) Q3 2025 earnings conference call, held 2025-10-29. Replay captured from the company's public earnings webcast.

General Counsel, Corporate Secretary, and Chief Government Relations Officer
Founder, Chairman, and CEO
Chief Financial Officer
Analyst, Jefferies
Analyst, UBS
Analyst, Morgan Stanley
Analyst, BTIG
Analyst, BMO Capital Markets
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WEBVTT 00:00:00.031 -- 00:00:05.378 Greetings, and welcome to the Chef Warehouse Third Quarter 2025 Earnings Conference 00:00:05.378 -- 00:00:10.643 Call. As a reminder, this conference is being recorded. 00:00:10.806 -- 00:00:15.632 I would now like to turn the conference over to your host, Alex Aldos, General Counsel, 00:00:15.632 -- 00:00:19.257 Corporate Secretary, and Chief Government Relations Officer. 00:00:19.257 -- 00:00:21.878 Please go ahead, sir. 00:00:22.002 -- 00:00:23.907 Thank you, operator. Good morning, everyone. 00:00:23.907 -- 00:00:28.037 With me on today's call are Chris Pappas, founder, chairman, and CEO, and Jim Letty, 00:00:28.037 -- 00:00:33.531 our CFO. By now, you should have access to our third quarter 2025 earnings press release. 00:00:33.531 -- 00:00:36.995 It can also be found at www.chefswarehouse.com 00:00:37.862 -- 00:00:42.131 under the investor relations section. Throughout this conference call, we will be presenting 00:00:42.131 -- 00:00:47.079 non-GAAP financial measures, including, among others, historical and estimated EBITDA 00:00:47.079 -- 00:00:52.126 and adjusted EBITDA, as well as historical adjusted net income, adjusted earnings per 00:00:52.126 -- 00:00:56.833 share, adjusted operating expenses, adjusted operating expenses as a percentage of net 00:00:56.833 -- 00:01:01.861 sales and as a percentage of gross profit, net debt, net debt leverage, and free 00:01:01.861 -- 00:01:07.369 cash flow. These measures are not calculated in accordance with GAAP and may be calculated 00:01:07.369 -- 00:01:12.917 differently in similarly titled non-GAAP financial measures used by other companies. 00:01:12.917 -- 00:01:17.042 Quantitative reconciliations of our non-GAAP financial measures to their most directly 00:01:17.042 -- 00:01:2...