In the third quarter of 2023 The Chef’s Warehouse (CHEF), a specialty food products retailer, says it identified errors in the calculation of the provision for income tax expense (benefit) for fiscal 2022, 2021 and 2020.

In the quarter ended September 29, 2023, Chef’s Warehouse recorded an out-of-period adjustment of $2.1 million to correct the errors.

The impact of these errors on prior periods would be to increase the provision for income tax expense by $1.3 million for fiscal 2022 and to reduce the provision for income tax benefit by $719,000 and $108,000 for fiscal 2021 and 2020, respectively.

As a result, Chef’s Warehouse overstated net income 4.9% in fiscal 2022.

The Chef’s Warehouse says the errors are not material.

It does not appear the company plans to correct the inaccuracies in previous filings.