Alex Aldis
General Counsel, Corporate Secretary, and Chief Government Relations Officer
Replay available
The Chefs' Warehouse, Inc. (NASDAQ: CHEF) Q4 2025 earnings conference call, held 2026-02-11. Replay captured from the company's public earnings webcast.

General Counsel, Corporate Secretary, and Chief Government Relations Officer
Founder, Chairman, and Chief Executive Officer
Chief Financial Officer
Analyst, UBS
Analyst, Jefferies
Analyst, Morgan Stanley
Analyst, BTIG
Analyst, Wolf Research
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WEBVTT 00:00:00.031 -- 00:00:05.397 Greetings and welcome to the Chef's Warehouse fourth quarter 2025 earnings conference 00:00:05.397 -- 00:00:08.801 call. As a reminder, this call is being recorded. 00:00:08.801 -- 00:00:12.766 I would now like to turn the conference over to your host, Alex Aldis, General Counsel, 00:00:12.766 -- 00:00:16.010 Corporate Secretary, and Chief Government Relations Officer. 00:00:16.010 -- 00:00:17.492 Thank you. Please go ahead. 00:00:17.492 -- 00:00:19.314 Thank you, Operator. Good morning, everyone. 00:00:19.314 -- 00:00:23.699 With me on today's call are Chris Pappas, Founder, Chairman, and CEO, and Jim Letty, 00:00:23.699 -- 00:00:25.341 our CFO. 00:00:25.341 -- 00:00:29.815 By now, you should have access to our fourth quarter 2025 earnings press release. 00:00:29.815 -- 00:00:33.397 It can also be found at www.chefswarehouse.com 00:00:34.240 -- 00:00:38.644 under the Investor Relations section. Throughout the conference call, we will be presenting 00:00:38.644 -- 00:00:44.608 non-GAAP financial measures, including, among others, historical and estimated EBITDA 00:00:45.271 -- 00:00:49.295 and adjusted EBITDA, as well as historical adjusted net income, adjusted earnings per 00:00:49.295 -- 00:00:54.280 share, adjusted operating expenses, adjusted operating expenses as a percentage of net 00:00:54.280 -- 00:00:59.045 sales and as a percentage of gross profit, net debt, net debt leverage, and free cash 00:00:59.045 -- 00:01:04.129 flow. These measures are not calculated in accordance with GAAP and may be calculated 00:01:04.129 -- 00:01:09.894 differently in similarly titled non-GAAP financial measures used by other companies. 00:01:09.894 -- 00:01:13.998 Quantitative reconciliations of our non-GAAP financial measures to their most d...