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Stock impact report

HF Foods (HFFG) Q2 Earnings Improve Y/Y, Gross Margin Up [Yahoo! Finance]

HF Foods Group Inc. (HFFG) 
Company Research Source: Yahoo! Finance
Revenues in Detail HF Foods registered revenues of $302.3 million in the second quarter, up 3.4% year over year. Per management, the uptick primarily resulted from product cost inflation, volume increases and improved pricing in certain categories, such as chicken and seafood. However, this was partially offset by deflation in commodities, such as cooking oils, and the $3.1 million loss in revenues resulting from the exit of the company's chicken processing businesses in 2023. HF Foods Group Inc. Price, Consensus and EPS Surprise HF Foods Group Inc. price-consensus-eps-surprise-chart | HF Foods Group Inc. Quote HF Foods Gross Margin In the quarter under review, HF Foods' gross profit increased 3.6% to $52.5 million. The gross margin expanded 10 basis points (bps) to 17.4%. Operating Expenses Analysis Distribution, selling and administrative expenses declined 4.6% to $49.8 million, primarily due to a decrease of $5.5 million in professional fees. However, this was part Show less Read more
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