Dec. 10 at 12:35 PM
$CHEF Balance Sheet:
Debt:
$954M (high, but manageable given scale)
Cash:
$65M
Equity rising steadily YoY
Cash Flow: Lumpy quarter to quarter, but positive FCF TTM (
$86M)
Interpretation:
$CHEF runs a low margin & high volume business with heavy debt, but strong and consistent top-line growth. Market rewards execution and scale, not fat margins.
3️⃣
Growth Drivers
Specialty food distribution continues to expand in hotels, restaurants, and premium catering.
$CHEF consistently beats EPS estimates (6 straight beats).
AI-driven inventory & logistics improvements boosting margins slightly.
Expanding SKU categories → higher wallet share per customer.