Key second quarter reported data points: *Continuing operations shown here do not yet incorporate the results of the above Subsequent Events BROADVIEW, Ill., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB: IVFH) ("IVFH" or the "Company"), a national seller of gourmet specialty foods to professional chefs, today announced financial results for the second quarter ended June 30, 2025. Bill Bennett, Chief Executive Officer of IVFH, remarked, "In Q2 2025, revenue increased 26.9%. However ...

On July 11, Bloomberg reported the company is said to have drawn takeover interest from US Foods.. Performance Food shares rose 0.9% to close at $98.36 on Tuesday. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period. Considering buying PFGC stock? Here's what analysts think: ...

Company Overview - HF Foods Group Inc. (NASDAQ: HFFG) is a national food distributor primarily serving independent Asian restaurants, growing through both internal operations and acquisitions [1]. Growth Strategy - The company focuses on expanding its market presence by building its own operations and acquiring other companies, indicating a dual approach to growth [1]. Market Focus - HF Foods Group targets a niche market, specifically independent Asian restaurants, which may provide unique opportunities in the food distribution sector [1].

Core Viewpoint - G. Willi-Food International Ltd. has declared a cash dividend distribution of approximately NIS 1.44 per ordinary share, totaling an aggregate dividend of NIS 20 million, reflecting the company's ongoing commitment to returning value to shareholders [1][2]. Company Overview - G. Willi-Food International Ltd. specializes in the development, marketing, and international distribution of kosher foods, offering over 650 food products worldwide [3]. - The company serves over 1,500 customers and 3,000 selling points, including large retail chains, wholesalers, and institutional consumers [3]. - Willi-Food operates through its divisions, including Willi-Food in Israel and Euro European Dairies, which focuses on branded kosher dairy products [3]. Dividend Details - The dividend is payable to shareholders of record as of August 25, 2025, with payment scheduled for September 4, 2025 [2]. - The final dividend amount in US dollars is subject to change based on the NIS to US dollar conversion rate on the record date and the number of ordinary shares outstanding [2].

Core Insights - G. Willi-Food International Ltd. reported record-high quarterly revenue, operating profit, profit before tax, and net income for the second quarter of fiscal year 2025 [1][2]. Financial Performance - Sales for Q2 2025 increased by 9.4% to NIS 160.5 million (US$ 47.6 million) compared to NIS 146.7 million (US$ 43.5 million) in Q2 2024 [6][15]. - Gross profit for Q2 2025 decreased by 4.1% to NIS 44.0 million (US$ 13.0 million), representing 27.4% of revenues, down from 31.3% in Q2 2024 [7][15]. - Operating profit after other expenses for Q2 2025 increased by 113.9% to NIS 20.6 million (US$ 6.1 million) compared to NIS 9.6 million (US$ 2.8 million) in Q2 2024 [10][15]. - Net profit for Q2 2025 was NIS 31.9 million (US$ 9.5 million), a significant increase of 365.5% year-over-year from NIS 6.8 million (US$ 2.0 million) in Q2 2024 [12][15]. Operational Developments - The company is enhancing relationships with worldwide suppliers and improving logistics to meet growing product demand [3][5]. - A new state-of-the-art refrigerated logistics center is under construction, expected to be completed by early next year, which will enhance logistical capabilities and storage capacity [5]. Market Strategy - The company is committed to maintaining competitive prices while delivering high-quality products, reflecting its dedication to providing value [4]. - The increase in sales is attributed to improved product availability and higher demand for the company's product portfolio, including private label sales to large retail chains [6][16]. First Half Highlights - For the first half of fiscal 2025, sales increased by 8.0% to NIS 305.3 million (US$ 90.6 million) compared to NIS 282.7 million (US$ 84.0 million) in the first half of 2024 [14][16]. - Gross profit for the first half of 2025 increased by 10.1% to NIS 88.7 million (US$ 26.3 million), representing 29.0% of revenues [17]. - Net profit for the first half of 2025 was NIS 51.4 million (US$ 15.2 million), or NIS 3.7 (US$ 1.1) per share, compared to NIS 25.4 million (US$ 7.5 million) in the first half of 2024 [23][28].

Financial Data and Key Metrics Changes - Net revenue increased by 4.1% year over year to $314.9 million, and gross profit increased by 5.1% to $55.1 million [5][12] - Adjusted EBITDA rose by 31.1% year over year to $13.8 million, while net income surged by 117% to $500,000 [5][14] - Gross profit margin increased by 13 basis points to 17.5% [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 and seafood categories [12] - Distribution, selling, and administrative expenses increased by $1.2 million to $51 million, but as a percentage of net revenue, these expenses decreased from 16.5% to 16.2% [13] Market Data and Key Metrics Changes - The company observed lower exit velocity and foot traffic towards the end of Q2 and into Q3, impacting consumer spending [6][21] - The company noted that 99% of its customers are independently run restaurants, with a mix of takeout, dine-in, and buffet types [21] Company Strategy and Development Direction - The company is committed to capital investment and growing capacity, with a focus on digital transformation and infrastructure improvements [6][16] - M&A remains a core pillar of the growth strategy, with a focus on expanding geographic footprint and capturing operational synergies [10][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth strategy despite short-term uncertainties, emphasizing the importance of strategic investments [6][16] - The company anticipates a lower single-digit growth rate for 2025, around 2% to 2.5%, in line with industry averages [29] Other Important Information - The company successfully deployed a new ERP application across its network, which is expected to enhance efficiency and control [7][8] - The strategic facility enhancements are expected to create organic growth opportunities through expanded cross-selling capabilities [9] Q&A Session Summary Question: How is the Asian Specialty market faring in the current environment? - Management noted that foot traffic has been impacted by recent immigration policy changes, particularly affecting buffet restaurants [20][21] Question: How to prioritize strategic investment projects? - The company is focusing on organic growth through capacity investments and is also evaluating M&A opportunities, with most projects expected to be funded through cash flow [22][25] Question: What are the growth expectations for 2025? - Management expects a growth rate of around 2% to 2.5% for 2025, with significant organic growth opportunities identified over the next three to five years [29][30] Question: What are the tariff impacts on customers? - Management indicated that while tariffs are a concern, foot traffic and consumer spending are more significant factors affecting business volume [36][39] Question: What is the expected margin benefit from the ERP implementation? - Management stated that while it is difficult to quantify exact margin expansion, the goal is to achieve a 5% EBITDA margin over the next three to five years [47]

Core Insights - HF Foods Group Inc. reported record net revenue and gross profit for the second quarter of 2025, reflecting the success of its transformation initiatives and strategic priorities [3][4][10] Financial Performance - Net revenue for Q2 2025 was $314.9 million, an increase of $12.5 million or 4.1% from $302.3 million in Q2 2024, driven by volume increases and improved pricing in Meat & Poultry and Seafood [4][10] - Gross profit rose to $55.1 million, up $2.7 million or 5.1% from $52.5 million in the prior year, with a gross profit margin increase to 17.5% from 17.4% [5][10] - Net income surged 117.0% to $0.5 million compared to $0.2 million in the same quarter last year, primarily due to an increase in income from operations [7][10] - Adjusted EBITDA increased by 31.1% to $13.8 million from $10.6 million in the prior year [8][10] Expense Management - Distribution, selling, and administrative expenses rose by $1.2 million or 2.4%, but as a percentage of net revenue, they decreased from 16.5% to 16.2% due to higher net revenue and lower professional fees [6][10] Cash Flow and Liquidity - Cash provided by operating activities was $10.5 million for the first half of 2025, significantly up from $1.9 million in the same period last year, attributed to an increase in non-cash expense add-backs [11][10] - As of June 30, 2025, the company had cash of $15.7 million and access to approximately $57.8 million in additional funds through a line of credit [11][10] Strategic Outlook - The company is focused on expanding its geographic footprint and enhancing product capabilities through strategic investments and potential M&A opportunities [3][10]

Core Viewpoint - Colabor Group Inc. has provided an update on a cybersecurity incident that affected its internal IT systems, stating that the incident has been contained and most operations have returned to normal [1][2]. Incident Containment and Operations - The company has engaged leading external cybersecurity experts to manage and investigate the incident, resulting in the restoration of most systems and normal operations [1][2]. - Colabor is currently unable to fully assess the impact of the incident on its operating revenues for the current quarter but does not expect a materially significant effect on its revenues for the 2025 fiscal year [3]. Employee and Data Security - Preliminary investigations indicate that personal information of certain employees may have been compromised, and the investigation is ongoing [4]. - As a precaution, Colabor is offering credit monitoring services to all employees and has notified relevant authorities about the incident [4]. Leadership Response - The President and CEO of Colabor expressed gratitude towards employees and cybersecurity experts for their commitment during the incident, emphasizing the company's resilience and determination to maintain trust with stakeholders [5]. Company Overview - Colabor is a distributor and wholesaler of food and related products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces, as well as the retail market [6].

Core Insights - Central Garden & Pet Company (CENT) reported its third-quarter fiscal 2025 results, with net sales declining year over year and missing the Zacks Consensus Estimate, while earnings exceeded expectations and improved from the previous year [1][3][9] - The company's focus on operational efficiency through its Cost and Simplicity program contributed to margin expansion and earnings growth, with management reaffirming its full-year earnings outlook [1][12] Financial Performance - Adjusted earnings per share were $1.56, surpassing the Zacks Consensus Estimate of $1.34 and increasing from $1.32 in the prior year [3][9] - Net sales totaled $960.9 million, a 4% decline from the previous year, missing the consensus estimate of $987 million, primarily due to assortment rationalization and softer demand [3][4] - Gross profit increased by 5% to $332 million, with gross margin expanding by 280 basis points to 34.6%, driven by productivity improvements [4][9] - Adjusted operating income rose to $139 million, up 9% year over year, with adjusted operating margin expanding by 170 basis points to 14.5% [5][9] Segment Performance - The Pet segment reported net sales of $493 million, down 3% year over year, attributed to the exit of lower-margin products and sluggish demand, although market share gains were noted in specific categories [6][7] - The Garden segment's net sales were $468 million, a 4% decline, impacted by adverse weather and the exit of certain product lines, but growth was observed in Wild Bird and Grass Seed categories [8][10] Financial Health - At the end of the quarter, the company had cash and cash equivalents of $713 million, long-term debt of $1,191.2 million, and shareholders' equity of $1,588.2 million, with a gross leverage ratio improving to 2.9 [11] - During the quarter, the company repurchased 1.7 million shares for $55 million, with $46 million remaining under the share repurchase authorization [11] Outlook - The company continues to estimate fiscal 2025 adjusted earnings at $2.60 per share, considering factors such as shifting consumer behavior and macroeconomic uncertainties [12]

Financial Performance - The company's Q2 2025 net sales increased by 3.8% to $10.082 billion compared to Q2 2024[39] - Adjusted EBITDA for Q2 2025 grew by 12.1% to $548 million compared to Q2 2024[39] - Adjusted diluted EPS increased by 28.0% to $1.19 in Q2 2025 compared to Q2 2024[39] - For the first half of 2025, net sales increased by 4.2% to $19.433 billion[39] - Year-to-date Adjusted EBITDA increased by 10.9% to $937 million[39] - Year-to-date Adjusted Diluted EPS increased by 27.2% to $1.87[39] Volume and Market Share - Total case volume increased by 0.9% in Q2 2025[39] and 1.0% year-to-date[39] - Independent restaurant case volume increased by 2.7% in Q2 2025[39] and 2.6% year-to-date[39] - The company gained market share with independent restaurants, healthcare, and hospitality customer types[11] Strategic Initiatives and Capital Allocation - The company repurchased $250 million of shares during the second quarter[11] - The company delivered more than $50 million in year-to-date cost of goods savings through strategic vendor management[37] - The company is on track to generate $45 million in total indirect spend savings this year[37] Financial Targets - The company is targeting approximately 5% net sales CAGR, approximately 10% Adjusted EBITDA CAGR, and approximately 20% Adjusted Diluted EPS CAGR from 2025E to 2027E[61]