Chefs' Warehouse Inc

CHEF remains in a clear Stage 2 advance with rising EMAs and a steady higher-highs/lows regime. The recent bearish engulfing candle induced a pullback into the rising 9EMA/21EMA zone, where price is now holding support without exhaustion. Short-term conditions favor a pullback interaction and continuation participation; therefore, we will Buy Now into the EMA support range.

• ↑Q1 2026 net sales rose 11.4% YoY to $1.059 B driven by 10.4% organic growth
• ↑Gross profit reached $257.4 M, lifting gross margin to 24.3% amid cost pressures
• ↓Center-of-plate inflation risks eroding margins and commodity costs remain volatile