THE CHEFS' WAREHOUSE, INC. | ||||||||
Reconciliation of Adjusted EBITDA Guidance for Fiscal 2023 | ||||||||
(in millions) | Low-End | High-End | ||||||
Net Income | 56.0 | 61.0 | ||||||
Provision for income taxes | 20.5 | 22.5 | ||||||
Depreciation and amortization | 42.0 | 45.0 | ||||||
Interest expense | 38.0 | 38.0 | ||||||
EBITDA | 156.5 | 166.5 | ||||||
Adjustments: | ||||||||
Stock compensation | 17.0 | 17.0 | ||||||
Duplicate rent | 5.0 | 5.0 | ||||||
Change in earn-out fair value | 1.5 | 1.5 | ||||||
Adjusted EBITDA | $ | 180.0 | $ | 190.0 | ||||