HF FOODS GROUP INC. (HFFG) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.12 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 -33.33%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.12, delivering a surprise of +9.09%.Over the last four quarters, the com ...

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Financial Data and Key Metrics Changes - Net revenue increased by 2.9% year over year to $307 million, up from $298.4 million in the prior year quarter [11] - Gross profit rose by 0.5% to $50.4 million, compared to $50.2 million in the prior year quarter [11] - Adjusted EBITDA surged by 41.5% year over year to $11.7 million, compared to $8.3 million in the prior year quarter [12] - Net loss improved to $0.9 million from a loss of $3.8 million in the third quarter of 2024 [12] - Adjusted net income increased to $4.3 million, compared to $2.2 million in the prior year period [13] Business Line Data and Key Metrics Changes - The increase in net revenue was primarily driven by volume increases and improved pricing in the meat, poultry, and seafood categories [11] - Gross profit margin remained relatively consistent at 16.4%, compared to 16.8% in the same period in 2024, due to a higher proportion of sales from lower-margin products, particularly seafood [12] Market Data and Key Metrics Changes - The company experienced lower foot traffic consistent with broader industry trends, but this was offset by strong volume in select markets and pricing actions taken [5] - Specific markets, such as Salt Lake City, showed effective product rationalization leading to better business performance [22] Company Strategy and Development Direction - The company is focused on diversifying its supplier base and exploring alternative sourcing strategies to ensure continuity and cost-effectiveness in its supply chain [5] - Strategic facility enhancements are underway, including the renovation of the Charlotte Distribution Center and the expansion of cold storage capacity in Atlanta, which is expected to double capacity in the region [8] - M&A remains a core pillar of the company's growth strategy, with a focus on expanding geographic footprint and capturing operational synergies [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth strategy despite ongoing macro challenges, including tariff pressures and shifts in consumer spending behaviors [4] - The company anticipates Q4 results to be similar to Q3, with a strong foundation built for future growth [5] - The digital transformation initiative is expected to enhance operational efficiency and customer service through a unified ERP platform [6] Other Important Information - The company announced the acquisition of a Chicago warehouse, which is expected to improve operational efficiency and reduce facility costs [8] - The strategic acquisition is part of the ongoing transformation plan to strengthen organic growth through cross-selling opportunities [8] Q&A Session Summary Question: Capacity increases for 2026 - Management indicated that the cold storage capacity in Atlanta will effectively double, moving from a 100,000 sq ft warehouse to approximately 190,000 sq ft [18] Question: Cost savings from restructuring the Salesforce - Management emphasized that the restructuring aims for efficiency while maintaining customer understanding and service quality, with normalization expected by mid-Q1 2026 [19][20] Question: Monthly cadence and government shutdown impact - Management noted that Q3 followed the trend of Q2, with some impact from tariffs and government shutdowns affecting specific markets like Virginia [21] Question: Maintenance CapEx and organic growth outlook - Management stated that typical maintenance CapEx fluctuates between $10-$15 million annually, with potential increases due to strategic acquisitions [27] - Organic growth is expected to ramp up in 2026, particularly in the frozen seafood segment in the Southeast market [29]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to _______________________. Commission File Number: 001-38 ...

HF Foods Reports Solid Third Quarter 2025 Financial Results Net Revenue increased 2.9% to $307.0 million GAAP Net Loss decreased 77.2% to $0.9 million Adj. EBITDA up 42% to $11.7 million Las Vegas, NV – November 10, 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, today announced results for the third quarter ended September 30, 2025. Third Quarter 2025 Fin ...

Net Revenue increased 2.9% to $307.0 millionGAAP Net Loss decreased 77.2% to $0.9 millionAdj. EBITDA up 42% to $11.7 million LAS VEGAS, Nov. 10, 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 results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Results (In thousands, except per share amount ...

Core Viewpoint - HF Foods Group Inc. is set to report its financial results for Q3 2025 on November 10, 2025, after market close, indicating a focus on transparency and communication with investors [1]. Company Overview - HF Foods Group Inc. is a prominent distributor of foodservice solutions, primarily targeting Asian restaurants and other businesses in the United States [3]. - The company specializes in fresh produce, frozen and dry food, and non-food products, aiming to meet the growing demand for Asian American cuisine [3]. - HF Foods operates a nationwide network of distribution centers and maintains strong relationships with growers and suppliers in both the US and Asia [3]. - The company is headquartered in Las Vegas, Nevada, and trades on Nasdaq under the symbol "HFFG" [3]. Upcoming Events - A conference call to discuss the financial results will take place on November 10, 2025, at 1:30 p.m. PT (4:30 p.m. ET) [2]. - The webcast of the conference call will be available on the company's Investor Relations website, and a replay will be archived for later access [2].

Core Insights - HF Foods Group Inc. has appointed Jeffery Taylor to its Board of Directors, bringing extensive finance leadership experience to the company [1][2][3] Company Overview - HF Foods is a leading distributor of international foodservice solutions, primarily serving Asian restaurants and other businesses across the United States [1][9] - The company aims to meet the growing demand for Asian American cuisine through its nationwide distribution network and strong relationships with suppliers [9] Leadership Changes - Jeffery Taylor has over 27 years of senior finance leadership experience, including roles as CFO at Franklin Electric, where he led significant revenue and operating income growth [2][3][4] - The company has announced a CFO transition, appointing Paul McGarry as Interim CFO, effective October 15, 2025, while searching for a permanent successor [6][7] - McGarry has extensive finance experience and knowledge of HF Foods' operations, ensuring continuity during the transition [6][7] Strategic Goals - Taylor's expertise in M&A execution and capital markets is expected to support HF Foods' operational transformation and growth initiatives [2][3] - The company is focused on enhancing shareholder value and operational excellence, aligning with Taylor's experience in driving profitable growth [3][5]

Core Viewpoint - HF Foods Group Inc. has entered into a binding purchase agreement for a distribution facility in Chicago, which is expected to enhance operational efficiency, reduce costs, and support long-term growth [1][2][3] Group 1: Acquisition Details - The acquisition allows HF Foods to exit an existing lease early, improve operating expenses, and invest in the facility to increase capacity and drive consolidation opportunities [2][3] - The facility has been a key part of HF Foods' Midwest distribution strategy, and the company plans to expand its presence in the region over the coming years [3] Group 2: Financial Strategy - HF Foods has established an At-the-Market (ATM) equity offering program to provide liquidity for capital expenditures, acquisitions, and business expansion [1][2] - The ATM program is expected to enhance financial flexibility, enabling the company to pursue similar acquisitions in the future [3] Group 3: Market Positioning - The acquisition is part of HF Foods' ongoing transformation plan aimed at improving operational efficiency and strengthening organic growth through cross-selling opportunities [2][3] - The company aims to deepen its commitment to the Chicago region, which is expected to yield long-term benefits for local restaurant customers by improving operational control and logistics [3] Group 4: Company Overview - HF Foods Group Inc. is a leading distributor of foodservice solutions primarily to Asian restaurants across the United States, leveraging a nationwide network of distribution centers [4]

Core Viewpoint - HF Foods Group Inc. has launched an At-The-Market (ATM) equity offering program to sell shares of its common stock for gross proceeds of up to $100 million [1][2]. Group 1: Equity Offering Details - The ATM program will allow HF Foods to sell shares through D.A. Davidson & Co. and Roth Capital Partners as sales agents [1]. - The proceeds from the ATM program will primarily be used for general corporate purposes, including working capital, capital expenditures, and potential acquisitions or business expansion [2]. Group 2: Company Overview - HF Foods Group Inc. is a prominent distributor of fresh produce, frozen and dry food, and non-food products, primarily serving Asian restaurants and foodservice customers across the United States [5]. - The company aims to meet the growing demand for Asian American cuisine by leveraging its distribution network and strong relationships with suppliers in the US, South America, and Asia [5].