HF Foods Reports Second Quarter 2024 Financial Results
HF Foods Group Inc. (HFFG)
Company Research
Source: GlobeNewswire
Increase in Net Revenue, Gross Profit, Gross Profit Margin, Net Income and Adjusted EBITDA Pre-Recorded Earnings Call Webcast Available on Investor Relations Website LAS VEGAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods” or the “Company”), a leading food distributor to Asian restaurants across the United States, reported its unaudited financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Financial Results Net revenue increased 3.4% to $302.3 million compared to $292.3 million in the prior year.Gross profit increased 3.6% to $52.5 million compared to $50.7 million in the prior year. Gross profit margin increased to 17.4% from 17.3% in the prior year.Net income (loss) improved to net income of $0.2 million compared to net loss of $1.6 million in the prior year.Adjusted EBITDA increased 26.4% to $10.6 million compared to $8.4 million in the prior year. Six Months 2024 Financial Results Net revenue inc
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HFFG
News
- HF Foods names Felix Lin as interim CEO [Seeking Alpha]Seeking Alpha
- HF Foods Announces CEO TransitionGlobeNewswire
- Is HF Foods Group Inc. (NASDAQ:HFFG) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- HF Foods Group Inc. (HFFG) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- HF Foods (HFFG) Q2 Earnings Improve Y/Y, Gross Margin Up [Yahoo! Finance]Yahoo! Finance
HFFG
Sec Filings
- 10/28/24 - Form 8-K
- 9/18/24 - Form EFFECT
- 9/4/24 - Form S-3
- HFFG's page on the SEC website