Hf Foods Group Inc Stock Price, News & Analysis

HF Foods Group (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States, has announced its participation in two major investor conferences in March 2025.

The company will attend the 37th Annual Roth Conference in Dana Point, CA on March 17-18, where the executive management team will conduct a fireside chat on March 18 at 8:00 a.m. PT. Additionally, they will participate virtually in the Sidoti Small-Cap Conference on March 19, hosting investor meetings throughout the day.

The Roth Conference fireside chat will be available via live webcast through the 'Events' section of HF Foods' Investor Relations website, with replay access provided post-event.

HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States, has amended its Credit Agreement with JPMorgan Chase Bank and Comerica Bank, adding Wells Fargo as a new lender. The amendment increases the Company's aggregate revolving commitment by $25 million to $125 million.

According to Felix Lin, President and CEO, this enhanced credit facility demonstrates their banking partners' growing confidence in HF Foods and will support the company's growth strategy and strategic transformation plan. The additional revolving capacity positions HF Foods to capitalize on favorable market trends and growing demand for Asian food.

HF Foods Group (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States, has announced its participation in the upcoming Oppenheimer Emerging Growth Conference. The virtual event is scheduled for Tuesday, February 25, 2025.

During the conference, the company's executive management team will be available for one-on-one meetings with investors throughout the day. Interested parties are advised to contact their Oppenheimer representative to arrange meetings.

HF Foods Group (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States, has announced its participation in the 2025 ICR Conference in Orlando, FL. The company's executive management team will engage in one-on-one and group meetings with investors during the two-day event, scheduled for January 13-14, 2025. Interested parties are advised to contact their ICR representatives for additional information about meeting opportunities.

HF Foods Group (NASDAQ: HFFG) has appointed Felix Lin as permanent Chief Executive Officer, effective January 1, 2025. Lin, who previously served as President and Chief Operating Officer, had been Interim CEO since October 2024. He will relinquish his COO position, with responsibilities distributed among senior management. Lin will be nominated to join the Board of Directors in June 2025.

The company also announced key leadership appointments to support its strategic transformation plan: Jason White will serve as Senior Vice President, People and Technology, while maintaining his VP of Information Technology role. Paul Guan will become Vice President, Distribution Center Operations, while continuing as General Manager of Mountain Foods.

HF Foods Group (NASDAQ: HFFG) reported its unaudited financial results for Q3 2024. Net revenue increased by 6.0% to $298.4 million from $281.5 million in the prior year. However, gross profit decreased by 1.5% to $50.2 million, and the gross profit margin fell to 16.8% from 18.1%. The company reported a net loss of $3.8 million compared to a net income of $2.0 million in the prior year, primarily due to a $5.3 million non-cash expense related to interest rate swap contracts. Adjusted EBITDA decreased by 17.7% to $8.3 million. For the nine months ended September 30, 2024, net revenue increased by 3.3% to $896.4 million. Gross profit increased slightly by 0.8% to $153.0 million, but the gross profit margin decreased to 17.1% from 17.5%. The net loss improved to $4.2 million from $5.4 million in the prior year. Cash used in operating activities was $3.3 million, down from $20.6 million provided in the prior year. The company has a cash balance of $11.4 million and access to $27.3 million through its line of credit.

HF Foods Group (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States, has appointed Felix Lin as Interim Chief Executive Officer (CEO). Lin, who will maintain his current roles as President and Chief Operating Officer (COO), replaces Peter Zhang. The transition is not related to any disagreement regarding financial reporting, policies, or practices. Zhang remains on the Board of Directors.

Lin has been a key leader at HF Foods for five years, previously serving as Interim CFO and Board member. His experience includes leadership roles at Blue Bird , where he oversaw various operational and strategic functions.

HF Foods Group Inc. (NASDAQ: HFFG) reported improved financial results for Q2 2024. Net revenue increased 3.4% to $302.3 million, while gross profit rose 3.6% to $52.5 million. The company achieved a net income of $0.2 million, compared to a net loss of $1.6 million in the prior year. Adjusted EBITDA saw a significant increase of 26.4% to $10.6 million.

For the first six months of 2024, net revenue grew 2.0% to $598.0 million, and gross profit increased 2.0% to $102.9 million. The net loss improved to $0.3 million from $7.4 million in the previous year. The company attributes these improvements to its operational transformation plan, including the restoration of a cross dock operation in Northern California and the launch of a modern ERP solution.

HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States, has announced it will report its financial results for the second quarter ended June 30, 2024, on Tuesday, August 6, 2024, after market close. The company will provide prepared remarks from executive management discussing the results, along with additional comments and details, through the "Events" section of its Investor Relations website. The webcast will be archived and available for replay, allowing investors and interested parties to access the information at their convenience.