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HF Foods Group Announces Agreement to Acquire Chicago Distribution Facility
Globenewswire· 2025-09-29 12:00
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]
Village Farms International’s Board of Directors Unanimously Approves $10 Million Share Repurchase Authorization
Globenewswire· 2025-09-29 12:00
– Authorization reflects Company’s balanced approach to capital allocation to deliver value for shareholders – – Company to close Q3 with $75 million in cash; repurchase complements ongoing organic growth initiatives – VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that its Board of Directors has unanimously approved a US $10 million share repurchase authorization for up to 5,687,000 common s ...
HF Foods to Participate in the A.G.P. Consumer Showcase
Globenewswire· 2025-08-18 20:05
Company Overview - HF Foods Group Inc. is a leading distributor of international foodservice solutions, primarily serving Asian restaurants and other businesses across the United States [2] - The company specializes in fresh produce, frozen and dry food, and non-food products, aiming to meet the growing demand for Asian American cuisine [2] - HF Foods operates a nationwide network of distribution centers and maintains strong relationships with growers and suppliers in both the US and Asia [2] Upcoming Events - HF Foods will participate in the virtual A.G.P. Consumer Showcase on August 21, 2025, where the executive management team will host a fireside chat at 3:00 p.m. ET [1] - The fireside chat will be webcast live and available for replay on the company's Investor Relations website [1]
Village Farms International to Report Q2 2025 Results on August 11, 2025
Globenewswire· 2025-07-30 21:00
Company Overview - Village Farms International, Inc. is a large-scale, vertically-integrated supplier of high-value, high-growth plant-based Consumer Packaged Goods, leveraging decades of experience in Controlled Environment Agriculture [4] - The company has a strong foundation as a leading fresh produce supplier in the US and Canada, now focusing on high-growth cannabinoid opportunities internationally [4] Cannabis Operations - In Canada, the company's subsidiary Pure Sunfarms operates one of the largest cannabis operations globally, with 2.2 million square feet of greenhouse production and is recognized as a low-cost producer [5] - Village Farms owns an additional 2.6 million square feet of greenhouse capacity in Canada for future expansion and holds an 80% stake in Rose LifeScience, a leader in cannabis product commercialization [5] - Internationally, the company exports medical cannabis from its EU GMP certified facility in Canada to markets including Germany, the UK, Israel, Australia, and New Zealand, and is expanding its export business [6] US Market Strategy - In the US, Balanced Health Botanicals, a wholly-owned subsidiary, is a leading CBD and hemp-derived brand and e-commerce platform [7] - Village Farms plans to enter the US THC market by leveraging its Texas-based greenhouse assets, which include 2.2 million square feet of existing greenhouse capacity and 950 acres of owned land for future expansion [7] Renewable Energy Initiatives - Village Farms Clean Energy, in partnership with Terreva Renewables, creates renewable natural gas from landfill gas, significantly reducing greenhouse gas emissions in Vancouver by 475,000 metric tons of CO2 annually [8] Joint Ventures and Investments - The company holds a 37.9% equity interest in Vanguard Food LP, a joint venture aimed at creating a premier branded CPG foods company through mergers and acquisitions [9]
HF Foods to Report Second Quarter 2025 Results on August 11, 2025
Globenewswire· 2025-07-28 20:05
Core Viewpoint - HF Foods Group Inc. will report its financial results for the second quarter ended June 30, 2025, on August 11, 2025, after market close [1][2]. Company Overview - HF Foods Group Inc. is a leading distributor of international foodservice solutions, primarily serving Asian restaurants and other businesses across 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 the US and Asia [3]. - The company is headquartered in Las Vegas, Nevada, and trades on Nasdaq under the symbol "HFFG" [3].
Is Sprouts Farmers Stock a Buy, Hold or Sell After a 26% YTD Jump?
ZACKS· 2025-07-10 14:16
Core Insights - Sprouts Farmers Market Inc. (SFM) has achieved a year-to-date gain of 25.7%, significantly outperforming the Zacks Food-Natural Foods Products industry, which rose by 14% [1] - The company is benefiting from a shift in consumer preferences towards healthier food options, supported by strong fundamentals and strategic initiatives [1][7] - Investors are questioning whether SFM still has upside potential or if it is time to lock in gains, given the stock's strong performance [1] Performance Overview - SFM has outperformed major indexes, including the broader Retail and Wholesale sector and the S&P 500, which saw declines of 4.1% and 5.2%, respectively [1] - The stock closed at $159.75, below its 52-week high of $182 reached on June 3, 2025 [5] Competitive Positioning - SFM has outperformed peers such as Farmer Bros. Co. (decline of 20%), Grocery Outlet Holding Corp. (decline of 16.2%), and Performance Food Group Company (increase of 6.6%) [5][6] - The company’s private-label products account for 24% of total sales, with 300 new items launched last year, enhancing customer loyalty [8] Strategic Initiatives - SFM is rolling out a new loyalty program, which has shown positive results in pilot stores, achieving sign-ups and scan rates above internal targets [9] - The company plans to open at least 35 new stores in 2025, targeting approximately 10% unit growth, supported by a robust pipeline of 120 approved sites [10] - SFM has initiated self-distribution of fresh meat and seafood, improving control and freshness while optimizing supply-chain capacity [9] Financial Projections - For fiscal 2025, SFM anticipates net sales growth of 12% to 14% and comparable store sales growth of 5.5% to 7.5% [12] - The company projects adjusted earnings before interest and taxes between $640 million and $660 million for 2025, with earnings per share expected to be between $4.94 and $5.10, up from $3.75 in 2024 [12] Market Sentiment - Analysts have revised earnings per share estimates upward, with current estimates for fiscal 2025 at $5.08, reflecting a year-over-year growth rate of 35.5% [13] - SFM is currently trading at a forward 12-month price-to-sales ratio of 1.69, indicating strong investor interest despite its premium valuation compared to industry peers [15][16]
Sysco to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on July 29
Globenewswire· 2025-07-08 12:00
Core Viewpoint - Sysco Corporation will host a conference call and webcast to discuss its fourth quarter and fiscal year 2025 financial results on July 29, 2025 [1] Company Overview - Sysco is the global leader in selling, marketing, and distributing food and related products to customers who prepare meals away from home, including restaurants, healthcare facilities, and educational institutions [4] - The company operates 340 distribution centers across 10 countries, employing 76,000 colleagues and serving approximately 730,000 customer locations [4] - Sysco generated sales of over $78 billion in fiscal year 2024, which ended on June 29, 2024 [4] Investor Relations - Interested parties can listen to the conference call and webcast online at investors.sysco.com, where a news release and slide presentation will also be posted [2] - Sysco uses its investor relations website as the primary channel for public disclosure of key information, which may include material and previously non-public information [3]
Should You Buy or Hold Sprouts Farmers Stock at Its Current Price?
ZACKS· 2025-06-11 16:21
Core Insights - Sprouts Farmers Market, Inc. (SFM) has established a strong position in the fresh and organic grocery market, leading to impressive financial performance and differentiation in a competitive landscape [1][6] - The stock has gained 27.4% year-to-date, outperforming the industry average of 15.8%, but remains below its 52-week high of $182 [2][6] Stock Performance - SFM shares closed at $161.88, reflecting a significant year-to-date increase [1] - The company has outperformed peers such as Farmer Bros. Co. (FARM), SpartanNash Company (SPTN), and Performance Food Group Company (PFGC) [1] Valuation Metrics - SFM currently trades at a forward 12-month price-to-sales (P/S) multiple of 1.72X, significantly higher than the industry average of 0.26X [3][4] - This premium valuation is notable compared to peers, with Farmer Bros. at 0.10, SpartanNash at 0.06, and Performance Food at 0.21 [4] Growth Drivers - The market for natural and organic food at home is estimated at $290 billion, with SFM's private-label products accounting for 24% of total sales [7] - SFM reported net sales of $2.24 billion in Q1 2025, with comparable store sales growth of 11.7% [7] Customer Engagement Initiatives - SFM has launched a new loyalty program, which has shown positive early results, with a broader rollout planned for the second half of 2025 [8] - The company has begun self-distributing fresh meat and seafood, enhancing supply chain efficiency and freshness [8] Expansion Plans - SFM plans to open at least 35 new stores in 2025, targeting approximately 10% unit growth [9] - New stores are projected to generate $13 million in first-year sales, with growth rates of 20-25% over the next four years [9] E-commerce Strategy - SFM has made significant investments in digital infrastructure, with e-commerce now accounting for 15% of total sales and growing 28% year-over-year [10] Financial Outlook - The company expects net sales growth of 12% to 14% for the full year 2025, with comparable store sales growth of 5.5% to 7.5% [11] - Analysts have raised earnings estimates for SFM, projecting year-over-year increases of 35.5% and 12% for the current and next fiscal years, respectively [12]
HF Foods Reports First Quarter 2025 Financial Results
Globenewswire· 2025-05-12 20:05
Core Viewpoint - HF Foods Group Inc. reported stable top-line growth in Q1 2025, with net revenue increasing by 0.9% year-over-year to $298.4 million, driven by strength in its core customer base and pricing discipline despite operational challenges [3][6][9]. Financial Performance - Net revenue for Q1 2025 was $298.4 million, up from $295.7 million in the prior year, reflecting a $2.8 million increase [6][9]. - Gross profit rose to $51.0 million, a 1.1% increase from $50.4 million in the same period last year, maintaining a gross profit margin of 17.1% [4][7][9]. - Operating expenses decreased slightly year-over-year, representing 16.7% of net revenue, down from 17.1% [5][8][9]. - The net loss for Q1 2025 was $1.5 million, compared to a net loss of $0.6 million in the prior year, primarily due to non-cash changes in interest rate swap contracts [5][10][9]. - Adjusted EBITDA increased by 12.3% to $9.8 million from $8.7 million in the previous year [5][11][9]. Cash Flow and Liquidity - Cash provided by operating activities was $6.9 million for Q1 2025, down from $11.2 million in the prior year, mainly due to timing of working capital outlays [12]. - As of March 31, 2025, the company had cash of $16.1 million and access to approximately $60.0 million in additional funds through a line of credit [12]. Operational Insights - The company is focused on enhancing margins, streamlining operations, and executing strategic technology investments to support long-term profitability [5][6]. - The growth in net revenue was attributed to volume increases and improved pricing in Commodity, Meat & Poultry, and Seafood categories, despite a decrease in volume in other categories [6][9]. Company Overview - HF Foods Group Inc. is a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, leveraging its nationwide distribution network [14].
HF Foods to Report First Quarter 2025 Results on May 12, 2025
Globenewswire· 2025-05-05 20:38
Core Viewpoint - HF Foods Group Inc. is set to report its financial results for the first quarter of 2025 on May 12, 2025, after market close, highlighting its ongoing operations and performance in the foodservice distribution sector [1]. 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 other foodservice customers across the United States [3]. - The company aims to meet the growing demand for Asian American cuisine by utilizing its extensive network of distribution centers and strong relationships with growers and suppliers in both the US and Asia [3]. - HF Foods is headquartered in Las Vegas, Nevada, and trades on Nasdaq under the symbol "HFFG" [3].