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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].
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].