Chef Corp. Announces Record Quarter
Chicago, June 15th 2019
Chef Corp. today published results for its fiscal year 2019 fourth quarter which ended January 25, 2019. The Company achieved a quarterly revenue of $75.2 million and a record quarterly net profit of $16.6 million. International sales accounted for 35 percent of the quarter’s revenue.
In recent years, Chef Corp. has expanded its business to new regions in Eastern Europe and Asia. Additionally, first partnerships with an international hotel chain have been established in Bahrain and Dubai. These investments have started to pay off, as indicated by the rise of our international sales by 42% compared to the last year.
“Our competitors have long underestimated the market size for serious kitchens in Asia and Arabic countries.” said Brian Fraser, Chef Corp. CEO. “We are glad that we took the leap years ago and now have a strong foothold in Asia, together with our strategic and operational partners.”
About Chef Corp.
Since 1999, our more than 125,000 customers have come to know Chef Corp as their premier provider to find virtually anything needed for the restaurant supply industry. We are committed to delivering expert solutions with the personal attention you deserve.
Our services range from commercial kitchen supplies, including our special dedication to kitchen lighting; to our consumer offering, Perfect Chef, an omni-channel shop and customer magazine that delivers seasonal news, ideas, recipes, and handpicked products to inspire cooks and connoisseurs of the good life – in all of its forms.