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HF Foods: Play It Safe With Blue Chips For Now
Seeking Alpha· 2025-05-18 10:11
Group 1 - HF Foods Group (NASDAQ: HFFG) experienced a significant stock increase of over 180% after achieving a double beat in March, raising concerns about potential negative impacts from a double miss in future performance [1] - The analysis of restaurant stocks encompasses various segments, including QSR, fast casual, casual dining, fine dining, and family dining, utilizing advanced analytical models and specialized valuation techniques [1] - The company aims to provide detailed insights and actionable strategies to assist investors in making informed decisions within the U.S. restaurant market [1]
HF FOODS GROUP INC. (HFFG) Misses Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-12 22:41
HF FOODS GROUP INC. (HFFG) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -46.15%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.11, delivering a surprise of 22.22%.Over the last four quarters, the com ...
HF Foods (HFFG) - 2025 Q1 - Earnings Call Transcript
2025-05-12 21:07
HF Foods Group (HFFG) Q1 2025 Earnings Call May 12, 2025 04:05 PM ET Company Participants Felix Lin - CEO & PresidentCindy Yao - Chief Financial Officer None Hello, everyone. Welcome to HF Foods Group First Quarter twenty twenty five Earnings Conference Call. Joining me today on today's call are Felix Lin, the company's President and Chief Executive Officer and Cindy Yao, the company's chief financial officer. By now, Evern should have access to the earnings release for the period ending 03/31/2025 that wen ...
HF Foods (HFFG) - 2025 Q1 - Earnings Call Transcript
2025-05-12 21:05
HF Foods Group (HFFG) Q1 2025 Earnings Call May 12, 2025 04:05 PM ET Speaker0 Hello, everyone. Welcome to HF Foods Group First Quarter twenty twenty five Earnings Conference Call. Joining me today on today's call are Felix Lin, the company's President and Chief Executive Officer and Cindy Yao, the company's chief financial officer. By now, Evern should have access to the earnings release for the period ending 03/31/2025 that went out on Monday, May 12, at approximately 04:05PM eastern time. The press releas ...
HF Foods (HFFG) - 2025 Q1 - Quarterly Report
2025-05-12 20:14
Financial Performance - Net revenue for the three months ended March 31, 2025, increased by $2.8 million, or 0.9%, compared to the same period in 2024, primarily due to volume increases and improved pricing in Commodity, Meat & Poultry, and Seafood [120]. - Gross profit was $51.0 million for the three months ended March 31, 2025, compared to $50.4 million in the same period in 2024, an increase of $0.5 million, or 1.1% [121]. - Adjusted EBITDA for the three months ended March 31, 2025, was $9.8 million, compared to $8.7 million in the same period in 2024, reflecting an increase of $1.1 million [109]. - For the three months ended March 31, 2025, the company reported an Adjusted EBITDA of $9,773,000, an increase of 12.3% from $8,702,000 in the same period of 2024 [126]. - The gross profit margin for the three months ended March 31, 2025, remained consistent at 17.1% compared to the same period in 2024 [121]. - Net loss was $1.5 million for the three months ended March 31, 2025, compared to a net loss of $0.6 million for the same period in 2024, primarily driven by changes related to the fair value of interest rate swap contracts [125]. - The company recorded a net loss of $1,530,000 for the three months ended March 31, 2025, compared to a net loss of $559,000 in 2024 [126]. Expenses and Cash Flow - Distribution, selling, and administrative expenses decreased by $0.7 million, or 1.4%, to $49.8 million for the three months ended March 31, 2025, primarily due to a decrease in professional fees [122]. - Interest expense for the three months ended March 31, 2025, was $2.6 million, a slight decrease from $2.8 million for the same period in 2024 [123]. - Net cash provided by operating activities decreased by $4,276,000 to $6,948,000 for the three months ended March 31, 2025, compared to $11,224,000 in 2024 [133]. - The company believes its cash flow from operations is sufficient to meet normal working capital needs for at least the next twelve months [129]. Investments and Debt - The company’s net cash used in investing activities increased by $979,000 to $3,564,000 for the three months ended March 31, 2025, primarily due to increased capital project spending [135]. - As of March 31, 2025, the company had cash of approximately $16.1 million and access to an additional $60.0 million through a $125.0 million line of credit [128]. - The average daily line of credit balance increased by $4.0 million, or 9.0%, to $48.7 million for the three months ended March 31, 2025 [123]. - As of March 31, 2025, the company’s aggregate floating rate debt's outstanding principal balance was $60.8 million, representing 36.6% of total debt [147]. - The company has an amortizing interest rate swap contract with JPMorgan Chase for an initial notional amount of $120.0 million, expiring in March 2028, to hedge floating rate loans exposure [130]. Operational Changes - The company has initiated a comprehensive operational transformation plan focused on centralized purchasing, fleet and transportation improvements, digital transformation, and facility upgrades [107]. - The company acquired two frozen seafood suppliers in 2022, expanding its distribution network across several states [105]. Market Conditions - The average price of diesel fuel decreased by 8.7% in the first quarter of 2025 compared to the same period in 2024, although future prices remain unpredictable [148]. - The company recorded a goodwill impairment charge of $46.3 million during the fourth quarter of the year ended December 31, 2024, due to a decline in stock price [138].
HF Foods (HFFG) - 2025 Q1 - Quarterly Results
2025-05-12 20:09
Exhibit 99.1 HF Foods Reports First Quarter 2025 Financial Results Year over year growth in Net Revenue and Gross Profit Las Vegas, NV – May 12, 2025 – HF Foods Group Inc. (NASDAQ: HFFG) ("HF Foods" or the "Company"), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, reported its unaudited financial results for the quarter ended March 31, 2025. First Quarter 2025 Financial Results Management Commentary Felix Lin, President and Ch ...
HF Foods Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-12 20:05
Year over year growth in Net Revenue and Gross ProfitLAS VEGAS, May 12, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods” or the “Company”), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, reported its unaudited financial results for the quarter ended March 31, 2025. First Quarter 2025 Financial Results Net revenue increased 0.9% to $298.4 million compared to $295.7 million in the prior year period. Gross ...
HF Foods to Report First Quarter 2025 Results on May 12, 2025
Globenewswire· 2025-05-05 20:38
Pre-Recorded Earnings Call Webcast Will Be Available on Investor Relations WebsiteLAS VEGAS, May 05, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods”, or the “Company”), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, today announced it will report financial results for the first quarter ended March 31, 2025, on Monday, May 12, 2025, after market close. Prepared remarks from members of the executive manag ...
Should Value Investors Buy HF FOODS GROUP (HFFG) Stock?
ZACKS· 2025-04-23 14:45
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a v ...
HF FOODS GROUP INC. (HFFG) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-03-28 17:00
Company Overview - HF Foods Group Inc. (HFFG) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [4] Performance Metrics - HFFG shares have increased by 59.55% over the past week, significantly outperforming the Zacks Food - Miscellaneous industry, which rose by only 0.07% during the same period [6] - Over the past month, HFFG's price change is 155.68%, while the industry has seen a mere 0.01% increase [6] - In the last quarter, HFFG shares rose by 46.89%, and over the past year, they gained 35.14%, contrasting with the S&P 500's performance of -4.38% and 9.82%, respectively [7] Trading Volume - The average 20-day trading volume for HFFG is 289,293 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for HFFG has been revised upward, while none have been lowered, leading to an increase in the consensus estimate from $0.43 to $0.50 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, HFFG is positioned as a promising momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]