Hf Foods Group (HFFG) Stock News

HF Foods Group (NASDAQ: HFFG), a leading distributor of international foodservice solutions to Asian restaurants, reported its Q1 2025 financial results. Net revenue increased 0.9% to $298.4 million, while gross profit rose 1.1% to $51.0 million, maintaining a gross margin of 17.1%. The company reported a net loss of $1.5 million, primarily due to unfavorable fair value changes in interest rate swap contracts, compared to a $0.6 million loss in Q1 2024. Adjusted EBITDA improved 12.3% to $9.8 million. Operating expenses were well-managed, representing 16.7% of net revenue. The company maintained strong liquidity with $16.1 million in cash and access to approximately $60.0 million through its credit line. Growth was achieved despite one fewer operation day and challenges including inflationary pressures and potential tariff-related cost increases.

HF Foods Group (NASDAQ: HFFG), a leading distributor of international foodservice solutions to Asian restaurants in the US, has launched a new e-commerce platform and unveiled a refreshed brand identity. The platform will allow restaurant employees to purchase specialty products alongside regular restaurant deliveries, utilizing the company's existing delivery infrastructure.

The initial rollout will begin in North Carolina, Florida, and Utah locations, serving thousands of existing customers. The company also introduced a new green and gold logo with an infinity symbol, emphasizing its focus on technology and logistics. The new tagline, \"Specialty Food is Our Specialty,\" signals plans for expansion into additional international restaurant verticals.

HF Foods Group Inc. (NASDAQ: HFFG), a leading distributor of international foodservice solutions to Asian restaurants across the United States, has scheduled its first quarter 2025 financial results announcement for Monday, May 12, 2025, after market close. The company will provide a pre-recorded earnings call webcast featuring prepared remarks from the executive management team, which will be accessible through the "Events" section of HF Foods' Investor Relations website. The webcast will be available for replay following the initial broadcast.

HF Foods Group (NASDAQ: HFFG), a leading Asian restaurant food distributor, reported its Q4 and full-year 2024 results. Q4 net revenue increased 8.7% to $305.3M, while full-year revenue grew 4.6% to $1,201.7M. However, the company posted significant losses, with Q4 net loss of $43.9M and full-year net loss of $48.1M, primarily due to a $46.3M goodwill impairment charge.

Despite challenges, Adjusted EBITDA showed strong growth, increasing 39.4% to $14.5M in Q4 and 21.6% to $42.0M for the full year. The company secured an amended credit agreement, increasing its revolver capacity by $25M to $125M. Gross profit margins declined to 17.1% from 18.6% in Q4 and from 17.8% to 17.1% for the full year.

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.