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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]
HF Foods Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-11 20:05
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]
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].