Chefs' Warehouse (CHEF) Gross Margin (2010 - 2026)
Chefs' Warehouse (CHEF) reported Gross Margin of 25.06% for Q2 2026, up 0.49 percentage points from 24.58% a year earlier and up 0.76 percentage points from the prior quarter.
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Analysis
Chefs' Warehouse (CHEF) Gross Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 26, 2026, Chefs' Warehouse's Gross Margin came in at 24.46%, up 0.26 percentage points year-over-year; for FY2025, it was 24.20%, up 0.10 percentage points from FY2024.
- Gross Margin has increased for five consecutive years, with a five-year change of +1.87 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 24.09% in FY2024 (+0.37 pp), 23.72% in FY2023 (+0.05 pp), 23.67% in FY2022 (+1.30 pp) and 22.37% in FY2021 (+0.04 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q4 2018.
- Year over year, Gross Margin gained in six of the last eight quarters, with an average year-over-year change of +0.28 percentage points.
- The high point for year-over-year Gross Margin in five years was Q1 2022 (a gain of 1.91 percentage points); the low point was Q3 2021 (a drop of 1.05 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 24.30% (Q1 2026), 24.21% (Q4 2025) and 24.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 824.47 Bn | 787.18 Bn | 49.13 Bn | 26.14% |
| 2 | Costco Wholesale | 403.75 Bn | 333.05 Bn | 9.01 Bn | 12.77% |
| 3 | Sysco | 37.36 Bn | 31.61 Bn | 4.13 Bn | 18.69% |
| 4 | Kroger | 34.63 Bn | 20.79 Bn | 7.86 Bn | 22.70% |
| 5 | Dollar General | 26.38 Bn | 21.06 Bn | 3.68 Bn | 32.60% |
| 6 | Caseys General Stores | 22.49 Bn | 20.48 Bn | 1.24 Bn | 21.82% |
| 7 | Dollar Tree | 21.40 Bn | 18.02 Bn | 2.10 Bn | 42.91% |
| 8 | US Foods Holding | 19.94 Bn | 19.74 Bn | 1.92 Bn | 18.22% |
| 9 | Tractor Supply | 16.33 Bn | 15.49 Bn | 1.68 Bn | 37.05% |
| 10 | Chefs' Warehouse | 4.57 Bn | 4.13 Bn | 292.89 Mn | 25.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 25.06% |
| Mar 27, 2026 | 24.30% |
| Dec 26, 2025 | 24.21% |
| Sep 26, 2025 | 24.20% |
| Jun 27, 2025 | 24.58% |
| Mar 28, 2025 | 23.77% |
| Dec 27, 2024 | 24.28% |
| Sep 27, 2024 | 24.13% |
| Jun 28, 2024 | 23.99% |
| Mar 29, 2024 | 23.95% |
| Dec 29, 2023 | 24.05% |
| Sep 29, 2023 | 23.55% |
| Jun 30, 2023 | 23.64% |
| Mar 31, 2023 | 23.58% |
| Dec 30, 2022 | 23.67% |
| Sep 23, 2022 | 23.84% |
| Jun 24, 2022 | 24.07% |
| Mar 25, 2022 | 22.95% |
| Dec 24, 2021 | 22.51% |
| Sep 24, 2021 | 22.71% |
API Access
Chefs' Warehouse Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CHEF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CHEF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CHEF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();