The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is HF FOODS GROUP INC. (HFFG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.HF FOODS GROUP INC. is one of 181 companies in the Consumer Staples group. The Consumer Staples group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order fr ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, in ...

Investors might want to bet on HF FOODS GROUP INC. (HFFG) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between tr ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 HF Foods Group Inc. (Exact name of registrant as specified in its charter) _________________________________________ Delaware (State or other jurisdiction of incorporation or organization) 6325 South Rainbow Boulevard, Suite 420 Las Vegas, NV (Address of principal executive offices) OR ☐ TRANSITION ...

HF Foods Group (HFFG) Q4 2024 Earnings Call March 14, 2025 04:10 PM ET Company Participants Felix Lin - CEO & PresidentCindy Yao - Chief Financial Officer Operator Hello, everyone. Welcome to HS Foods Group's Fourth Quarter and Full Year twenty twenty four Earnings Conference Call. Joining me on today's call are Felix Lin, President and Chief Executive Officer and Cindy Yao, Chief Financial Officer. By now, everyone should have access to the earnings release for the period ended 12/31/2024, that went out Th ...

Core Viewpoint - HF Foods Group Inc. reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, but down from $0.24 per share a year ago, indicating a 22.22% earnings surprise [1]. Financial Performance - The company posted revenues of $305.28 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.05% and up from $280.87 million year-over-year [2]. - Over the last four quarters, HF Foods Group has surpassed consensus EPS estimates only once and topped consensus revenue estimates two times [2]. Stock Performance - HF Foods Group shares have declined approximately 45.8% since the beginning of the year, compared to a decline of 4.8% for the S&P 500 [3]. - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $303.87 million, and for the current fiscal year, it is $0.43 on revenues of $1.22 billion [7]. Industry Outlook - The Zacks Industry Rank for Food - Miscellaneous is currently in the bottom 42% of over 250 Zacks industries, indicating potential challenges for stock performance [8]. - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact HF Foods Group's stock performance [5]. Future Expectations - The company's earnings outlook will be influenced by management's commentary on the earnings call and the trends in earnings estimate revisions [4][6]. - General Mills, a competitor in the same industry, is expected to report a year-over-year earnings decline of 18.8% in its upcoming results [9].

Revenue - Net revenue for Q4 2024 was $305.3 million, an increase of 8.7% from $280.9 million in the prior year period[3] - Full year 2024 net revenue increased 4.6% to $1,201.7 million compared to $1,148.5 million in the prior year[9] - Net revenue for Q4 2024 was $305.3 million, a 8.7% increase from $280.9 million in Q4 2023[26] Gross Profit - Gross profit for Q4 2024 was $52.2 million, a slight decrease of 0.2% from $52.3 million in the prior year[4] - Full year 2024 gross profit increased 0.6% to $205.2 million compared to $204.0 million in the prior year[10] - Gross profit for the year ended December 31, 2024, was $205.2 million, slightly up from $204.0 million in 2023[26] Net Loss - The company reported a net loss of $43.9 million for Q4 2024, primarily due to a goodwill impairment of $46.3 million[7] - Full year 2024 net loss was $48.1 million, compared to a net loss of $2.7 million in the prior year[12] - The company reported a net loss of $48.1 million for the year 2024, compared to a net loss of $2.7 million in 2023[29] - For the three months ended December 31, 2024, HF Foods Group Inc. reported a net loss of $43.894 million, a decrease of $46.619 million compared to a net income of $2.725 million in the same period of 2023[32] - For the year ended December 31, 2024, the net loss attributable to HF Foods Group Inc. was $48.511 million, a decline of $46.337 million from a loss of $2.174 million in 2023[32] Adjusted EBITDA - Adjusted EBITDA for Q4 2024 increased 39.4% to $14.5 million compared to $10.4 million in the prior year[8] - Full year 2024 adjusted EBITDA increased 21.6% to $42.0 million compared to $34.6 million in the prior year[13] - Adjusted EBITDA for the year ended December 31, 2024, was $42.0 million, an increase of 21.5% from $34.6 million in 2023[29] Expenses - Distribution, selling and administrative expenses for Q4 2024 increased to $48.0 million, representing 15.7% of net revenue[6] - Distribution, selling, and administrative expenses rose to $198.0 million for the year 2024, compared to $195.1 million in 2023[26] Cash Flow - Cash provided by operating activities was $22.6 million for the year ended December 31, 2024, compared to cash used in operating activities of $1.6 million in the prior year[14] - Cash at the end of the period was $14.5 million, down from $15.2 million at the end of 2023[28] Assets and Liabilities - Total assets decreased to $550.0 million in 2024 from $596.5 million in 2023[24] - Total liabilities remained relatively stable at $308.7 million in 2024, compared to $308.5 million in 2023[24] - The company experienced a significant increase in accounts receivable, rising to $54.3 million in 2024 from $47.8 million in 2023[24] Non-GAAP Measures - Non-GAAP net income for the same period was $6.062 million, an increase of 109.5% from $2.894 million in 2023[32] - Non-GAAP net income for the year was $13.968 million, up 38.9% from $10.057 million in 2023[32] - Non-GAAP diluted earnings per share for the year increased to $0.26, up $0.07 from $0.19 in 2023[32] Goodwill Impairment - Goodwill impairment charges amounted to $46.3 million in Q4 2024, with no such charges reported in Q4 2023[26] - Goodwill impairment charges amounted to $46.303 million for both the three months and year ended December 31, 2024[32] Other Costs - The company incurred $2.929 million in executive transition and organizational redesign costs during the year[32] - The company recorded a legal settlement recovery of approximately $10.0 million, which was accounted for as a recovery of previously recorded expenses[33] Tax Rate - The effective tax rate used for adjustments was 24.0% for both the fourth quarter and year-to-date periods of 2024 and 2023[33]

Core Insights - HF Foods Group Inc. reported a net revenue increase of 8.7% for Q4 2024 and 4.6% for the full year 2024, driven by volume growth and improved pricing strategies [5][11] - The company experienced a net loss of $43.9 million in Q4 2024, primarily due to a goodwill impairment charge of $46.3 million [8][9] - Adjusted EBITDA for Q4 2024 increased by 39.4% to $14.5 million, reflecting operational improvements despite the net loss [10][8] Financial Performance - Q4 2024 net revenue reached $305.3 million, up from $280.9 million in the prior year, marking an increase of $24.4 million [5][8] - Full year 2024 net revenue was $1,201.7 million, compared to $1,148.5 million in 2023, an increase of $53.2 million [11] - Gross profit for Q4 2024 was $52.2 million, slightly down from $52.3 million in the previous year, with a gross profit margin decrease to 17.1% from 18.6% [6][8] Operational Insights - The company is expanding into high-growth channels such as specialty grocery and e-commerce to diversify revenue streams [4] - Distribution, selling, and administrative expenses increased by $7.0 million in Q4 2024, primarily due to higher professional fees and labor costs [7] - Cash provided by operating activities for the year ended December 31, 2024, was $22.6 million, a significant improvement from cash used in the prior year [16] Strategic Developments - HF Foods amended its Credit Agreement, increasing its revolver capacity by $25 million to $125 million, enhancing financial flexibility [17][18] - The company aims to leverage favorable market trends and demographics to capitalize on the growing demand for Asian food [18] Market Position - HF Foods is positioned as a leading distributor of food products to Asian restaurants across the U.S., with a strong network of distribution centers [21] - The company recognizes ongoing pressures in key customer segments but remains optimistic about long-term industry fundamentals [4]