HF Foods Group Inc.

HF Foods Group, Inc. is a food service distributor and marketer. It distributes fresh produce, frozen and dry food, and non-food products primarily to Asian and Chinese restaurants, and other foodservice customers throughout the Southeast, Pacific, and Mountain West regions of the United States. The firm currently has 14 distribution centers along the U.S. Eastern and Western seaboards. The company was founded in 1997 and is headquartered in Las Vegas, NV.

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HF Foods Group reports improved Q4 earnings amidst operational transformation

HF Foods Group Inc. delivered a strong financial performance in Q4 2023, marked by improved profitability metrics and operational efficiencies.
While facing challenges such as declining net revenue and increased interest expenses, the company's strategic initiatives are driving positive results and positioning it for future growth.
By capitalizing on opportunities to further optimize operations, explore new revenue streams, and expand market presence, HF Foods Group can navigate challenges and drive sustainable growth.
Investors should monitor the company's ability to sustain profitability amidst market dynamics and capitalize on operational improvements and growth opportunities.

HF Foods Group achieves record revenue in Q1 2024

HF Foods Group's Q1 2024 performance reflects positive revenue growth and operational improvements, despite challenges in achieving profitability.
Strategic initiatives and leadership changes position the company for future growth and efficiency gains, with a focus on sustainable long-term success.
Exploration of M&A opportunities and continued focus on operational enhancements offer avenues for HF Foods Group to capitalize on growth prospects and navigate industry challenges.

HF Foods Group reports strong Q2 earnings and growth strategies

HF Foods Group Inc. delivered a solid performance in Q2 2024, showing growth in key financial metrics and a focus on enhancing shareholder value.
While facing challenges such as increased interest expenses, the company remains well-positioned with available funds and a strategic approach to drive future growth.
By capitalizing on operational improvements and pursuing strategic opportunities, HF Foods Group can continue on a positive trajectory and strengthen its market presence.

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HF Foods Group, Inc. engages in the marketing and distribution of fresh produce, frozen and dry food, and non-food products to primarily independently operated Asian restaurants and other foodservice customers. The company leverages its network of distribution centers covering the United States, and partners with domestic and international suppliers to offer fresh, specialty restaurant food products to supply the demand for Asian American cuisine. HF Foods was founded in 1997 and is headquartered in Las Vegas, NV.

The stock price of HF Foods Group Inc (NASDAQ: HFFG) increased by 32.82%. This is why it happened.

HFFG Stock: 32.82% Increase Explanation

HF Foods Returns to Profitability with Net Income Attributable to the Company of $1.5 Million and a 104% Increase in Adjusted EBITDA to $8.9 Million HF Foods Returns to Profitability with Net Income Attributable to the Company of $1.5 Million and a 104% Increase in Adjusted EBITDA to $8.9 Million

HF Foods Reports First Quarter 2021 Financial Results

CITY OF INDUSTRY, Calif., March 16, 2021 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, reported fourth quarter and full year pro forma financial results for the year ended December 31, 2020.

HF Foods Reports Fourth Quarter and Full Year 2020 Financial Results

CITY OF INDUSTRY, Calif., Nov. 09, 2020 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, reported third quarter and pro forma financial results for the period ended September 30, 2020.

HF Foods Reports Third Quarter 2020 Financial Results

CITY OF INDUSTRY, Calif., Aug.  10, 2020  (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, reported second quarter and pro forma financial results for the period ended June 30, 2020.

HF Foods Reports Second Quarter 2020 Financial Results

CITY OF INDUSTRY, Calif., July  02, 2020  (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States (the “Company”), welcomes Russell Libby, a food distribution industry veteran and service-oriented c-suite executive, to the Company’s board of directors effective July 1, 2020.

HF Foods Welcomes Industry Veteran, Russell Libby, to its Board of Directors

CITY OF INDUSTRY, Calif., June  29, 2020  (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, has secured a lower fixed interest rate on $80 million of its floating rate debt with J.P. Morgan Chase, potentially reducing the Company’s anticipated interest expense in the coming years.

HF Foods Secures Lower Fixed Interest Rate on $80 Million of Floating Rate Debt

NEW YORK, May 20, 2020 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in HF Foods Group Inc. ("HF Foods" or the "Company") (NASDAQ:HFFG) of the May 28, 2020 deadline to seek the role of lead plaintiff in a federal securities class action...

HF FOODS DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In HF Foods Group Inc. To Contact The Firm

NEW YORK, May 18, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of HF Foods Group Inc. (NASDAQ: HFFG) between August 23, 2018 and March 23, 2020, inclusive (the "Class Period") of the important May 28, 2020 lead plaintiff...

HFFG INVESTOR NOTICE: ROSEN, NATIONAL TRIAL LAWYERS, Reminds HF Foods Group Inc. Investors of Important May 28 Deadline in Securities Class Action First Filed by the Firm; Encourages Investors With Losses In Excess of $100K to Contact the Firm - HFFG

CITY OF INDUSTRY, Calif., May  18, 2020  (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, reported first quarter and pro forma financial results for the three months ended March 31, 2020.

HF Foods Reports First Quarter 2020 Financial Results

Relocates Corporate Headquarters to City of Industry, California to Improve Operational Efficiency Relocates Corporate Headquarters to City of Industry, California to Improve Operational Efficiency

HF Foods Appoints Victor Lee as Chief Financial Officer

GREENSBORO, N.C., April  13, 2020  (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States (the “Company”), announced that in light of COVID-19 impacts to its local communities, it donated nearly 400 tons of fruits and vegetables to food banks within North Carolina, Georgia and Florida in the past two weeks. The company has also donated masks and gloves to hospitals near its Los Angeles operations center.

HF Foods Group Donates Food, Masks and Gloves to Aid in Coronavirus Response

GREENSBORO, N.C., March  23, 2020  (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States (the “Company”), has appointed Russell Libby, a food distribution industry veteran and service-oriented c-suite executive, to the Company’s board of directors effective July 1, 2020.

HF Foods Appoints Industry Veteran, Russell Libby, to its Board of Directors

Transaction to eliminate lease expense (estimated to increase to $6.5 million over the next two to three years) and improve EBITDA by approximately $2.8 million in 2020 compared to 2019 Transaction to eliminate lease expense (estimated to increase to $6.5 million over the next two to three years) and improve EBITDA by approximately $2.8 million in 2020 compared to 2019

HF Foods Completes the Purchase of 10 Industrial Warehousing Properties

- Combination Creates What is Believed to be Largest Food Distributor to Asian Restaurants in the U.S.- Positions Platform for Further National Expansion- New and Expanded Credit Facility Supports Acquisition and Organic Growth Strategies

HF Foods Completes Merger with B&R Global Holdings

News for HF Foods Group Inc. Stock (HFFG)