HF Foods Group Inc., through its subsidiaries, operates as a food service distributor to Asian restaurants located in the Southeastern, Pacific, and Mountain West regions of the United States. It distributes Asian specialty food items, meat and poultry products, seafood, fresh produce, packaging and other items, and commodities. The company also provides design and printing services, as well as logistic and food processing services. In addition, it is involved in real estate holding activities. The company is headquartered in City of Industry, California.
IPO Year: 2017
Exchange: NASDAQ
Website: hffoodsgroup.com
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Increase in Net Revenue as Company Continues to Execute Operational Transformation Plan Pre-Recorded Earnings Call Webcast Available on Investor Relations Website LAS VEGAS, Nov. 12, 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 third quarter and nine months ended September 30, 2024. Third Quarter 2024 Financial Results Net revenue increased 6.0% to $298.4 million compared to $281.5 million in the prior year.Gross profit decreased 1.5% to $50.2 million compared to $50.9 million in the prior year. Gross profit margin decre
LAS VEGAS, Oct. 28, 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, today announced the appointment of Felix Lin as Interim Chief Executive Officer (CEO). Mr. Lin assumes the role of CEO, in addition to his current roles of President and Chief Operating Officer (COO). Mr. Lin replaces HF Foods' previous CEO, Peter Zhang. The leadership transition is not due to any disagreement with Mr. Zhang regarding the Company's financial reporting, policies or practices. Mr. Zhang remains on the Board of Directors. With extensive experience in operational management and financial strat
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 increa
LAS VEGAS, Aug. 01, 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, today announced it will report financial results for the second quarter ended June 30, 2024, on Tuesday, August 6, 2024, after market close. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods Group Inc. is a lea
LAS VEGAS, July 05, 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, today announced the appointment of Dr. Yujie Wang to the Company's board of directors effective immediately. Simultaneously with the appointment of Dr. Wang, Prudence Kuai has departed from her position as a director of the Company. As a result of the appointment of Dr. Wang, the Company's board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Dr. Wang is a veteran of the food production industry with more than 25 years of experience in produ
LAS VEGAS, June 28, 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, today announced the appointment of Maria Ross to the Company's board of directors effective immediately. Simultaneously with the appointment of Ms. Ross, Dr. Hong Wang has departed from his position as a director of the Company. As a result of the appointment of Ms. Ross, the Company's board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Ross is a supply chain executive with over 30 years of experience, focused on team development, stra
LAS VEGAS, June 10, 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, today announced the appointment of Lisa Lim and Charlotte Westfall to the Company's board of directors effective June 7, 2024. As a result of the appointments of Ms. Lim and Ms. Westfall, the Company's board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Lim, a retired partner with the global professional services organization, Ernst & Young ("EY"), is a seasoned global business leader, SEC-qualified financial expert and CPA with 39 years of experi
LAS VEGAS, June 10, 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, today announced the final resolution of the previously disclosed formal, non-public investigation by the staff of the U.S. Securities and Exchange Commission ("SEC" or "Commission") into allegations that the Company and/or its former executives violated United States securities laws. As part of the settlement, the Company neither admitted nor denied the SEC's findings. The Company has consented to the entry of an administrative civil cease-and-desist order by the SEC (the "Order") with respect to violations
Highest Net Revenue Ever Recorded During First Quarter of $295.7 Million Pre-Recorded Earnings Call Webcast Available on Investor Relations Website LAS VEGAS, May 08, 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 unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results Net revenue increased 0.6% to $295.7 million compared to $293.9 million in the prior year.Gross profit increased 0.5% to $50.4 million compared to $50.2 million in the prior year. Gross profit margin was flat at 17.1%.Net loss improved
LAS VEGAS, May 01, 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, today announced that the Company will be participating virtually in the Sidoti Micro Cap Conference. The HF Foods executive management team is hosting a presentation that is scheduled to begin at 4:00 p.m. ET on Wednesday, May 8, 2024. The presentation will be webcast live and made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods Group Inc. is a l
LAS VEGAS, Oct. 28, 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, today announced the appointment of Felix Lin as Interim Chief Executive Officer (CEO). Mr. Lin assumes the role of CEO, in addition to his current roles of President and Chief Operating Officer (COO). Mr. Lin replaces HF Foods' previous CEO, Peter Zhang. The leadership transition is not due to any disagreement with Mr. Zhang regarding the Company's financial reporting, policies or practices. Mr. Zhang remains on the Board of Directors. With extensive experience in operational management and financial strat
LAS VEGAS, July 05, 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, today announced the appointment of Dr. Yujie Wang to the Company's board of directors effective immediately. Simultaneously with the appointment of Dr. Wang, Prudence Kuai has departed from her position as a director of the Company. As a result of the appointment of Dr. Wang, the Company's board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Dr. Wang is a veteran of the food production industry with more than 25 years of experience in produ
LAS VEGAS, June 28, 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, today announced the appointment of Maria Ross to the Company's board of directors effective immediately. Simultaneously with the appointment of Ms. Ross, Dr. Hong Wang has departed from his position as a director of the Company. As a result of the appointment of Ms. Ross, the Company's board of directors continues to be comprised of four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Ross is a supply chain executive with over 30 years of experience, focused on team development, stra
LAS VEGAS, June 10, 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, today announced the appointment of Lisa Lim and Charlotte Westfall to the Company's board of directors effective June 7, 2024. As a result of the appointments of Ms. Lim and Ms. Westfall, the Company's board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Lim, a retired partner with the global professional services organization, Ernst & Young ("EY"), is a seasoned global business leader, SEC-qualified financial expert and CPA with 39 years of experi
LAS VEGAS, April 25, 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, today announced that Cindy Yao has been named Chief Financial Officer, effective May 1, 2024. "Cindy's extensive experience, especially having spent a decade directing financial operations for a company serving food producers, makes her an invaluable addition to HF Foods," said Peter Zhang, Chief Executive Officer of HF Foods. "Her proven track record of streamlining processes using data-driven decision making to drive growth aligns perfectly with HF Foods. We are excited to have her perspective and insi
LAS VEGAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants throughout the United States ("HF Foods", or the "Company"), is pleased to announce the appointment of Mr. Xi Lin (aka Felix Lin) as President of the Company, in addition to his current role as the Company's Chief Operating Officer, effective February 12, 2024. Mr. Lin has served as the Company's Chief Operating Officer since May 1, 2022. He also previously served as an Independent Board Member for the Company from November 2019 to April 2022. Mr. Lin's experience includes serving as Vice President and a Senior Strategy Officer for Blue Bird Corporation (the lea
LAS VEGAS, Jan. 19, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants throughout the United States ("HF Foods", "HF Group" or the "Company"), has appointed Prudence Kuai, a 25-year veteran of the healthcare industry and a thought leader in applying technological advancements in operational process automation, eCommerce, utilization of artificial intelligence and data analytics, to the Company's board of directors effective January 17, 2023. As a result of Ms. Kuai's appointment, the Company's board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Ms. Kuai has led the Information
LAS VEGAS, July 14, 2022 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants throughout the United States ("HF Foods", "HF Group" or the "Company"), is pleased to announce the appointment of Mr. Carlos A. Rodriguez as Chief Financial Officer, effective on or before August 1, 2022. Mr. Rodriguez will report directly to Mr. Peter Zhang, Chief Executive Officer of the Company. Mr. Rodriguez has over 25 years of finance and accounting experience across various industries, including technology, entertainment, restaurants, and life science. Most recently, Mr. Rodriguez served as Chief Accounting Officer and Vice President Corporate Finance for
LAS VEGAS, July 07, 2022 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants throughout the United States ("HF Foods", "HF Group" or the "Company"), has appointed Jose Maroto to the Company's board of directors effective July 1, 2022. Mr. Maroto is a 29-year veteran in the foodservice industry with experience in foodservice distribution, cash and carry, international market expansion, and other ancillary businesses. Mr. Maroto's experience spans across Latin America. He started and grew businesses in Costa Rica and Panama which became the largest foodservice distributors in each country. In addition, he built foodservice cash and carry
LAS VEGAS, April 20, 2022 (GLOBE NEWSWIRE) -- HF Foods Group, Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods" or the "Company"), is pleased to announce the appointment of Mr. Xi Lin (aka Felix Lin) as Chief Operating Officer of the Company, effective May 1, 2022. Mr. Lin will report directly to the CEO of the Company. Mr. Lin has served as an Independent Board Member for the Company since November 2019, where he served as Chairman of the Audit Committee and the Special Investigation Committee. He will continue to serve on the Board of Directors until another Independent Director is appointed. Mr. Lin has had a very successful and d
LAS VEGAS, Aug. 01, 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, today announced it will report financial results for the second quarter ended June 30, 2024, on Tuesday, August 6, 2024, after market close. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods Group Inc. is a lea
LAS VEGAS, May 01, 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, today announced it will report financial results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, before market open. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods Group Inc. is a leadi
LAS VEGAS, March 07, 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, today announced it will report financial results for the fourth quarter and full year ended December 31, 2023, on Thursday, March 14, 2024, before market open. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods
Pre-Recorded Earnings Call Webcast Available on Investor Relations Website Announces Comprehensive, Operational Transformation Plan to Drive Growth and Cost Savings LAS VEGAS, Nov. 09, 2023 (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 financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Financial Results Net revenue decreased 6.4% to $281.5 million compared to $300.7 million in the prior year.Gross profit decreased 1.1% to $50.9 million, or 18.1% gross profit margin compared to $51.5 million, or 17.1% gross profit ma
LAS VEGAS, Nov. 02, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods" or the "Company"), today announced it will report financial results for the third quarter ended September 30, 2023, on Thursday, November 9, 2023, after-market close. Prepared remarks from members of the executive management team discussing these results with additional comments and details will be made available through the "Events" section of the Company's Investor Relations website at https://investors.hffoodsgroup.com. The webcast will be archived and available for replay. About HF Foods Group Inc. HF Foods Group Inc. is
LAS VEGAS, April 11, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods" or the "Company"), today announced that the Board of Directors (the "Board") has approved the adoption of a limited duration stockholder rights plan (the "Rights Plan") and declared a dividend distribution of one right ("Right") for each outstanding share of the Company's common stock to stockholders of record as of the close of business on April 24, 2023. The Board adopted the Rights Plan out of concern that parties may be engaging in undisclosed stock accumulation and group formation activities to gain control of HF Foods,
LAS VEGAS, Jan. 04, 2022 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods", "HF Group" or the "Company"), announced today it has completed the acquisition of the business operations of Great Wall Seafood Supply Inc., Great Wall Restaurant Supplier Inc. and First Mart Inc. (collectively the "Great Wall Group"). The Great Wall Group is one of the largest frozen seafood suppliers servicing the Asian/Chinese restaurant market in the nation and generates combined annual revenue of approximately $170 million pre-pandemic and about $200 million assuming revenue remains steady with its most recent quarter. S
HF Foods Group (NASDAQ:HFFG) reported quarterly losses of $(0.01) per share. This is a 90.91 percent increase over losses of $(0.11) per share from the same period last year. The company reported $295.65 million in sales this quarter. This is a 0.61 percent increase over sales of $293.86 million the same period last year.
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. HF Foods Group Inc. (NASDAQ:HFFG) On March 14, HF Foods Group posted a profit for the fourth quarter. “We are excited by the
HF Foods Group (NASDAQ:HFFG) reported quarterly earnings of $0.05 per share. This is a 183.33 percent increase over losses of $(0.06) per share from the same period last year. The company reported $280.87 million in sales this quarter. This is a 3.78 percent decrease over sales of $291.90 million the same period last year.
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HF Foods Group (NASDAQ:HFFG) reported quarterly losses of $(0.02) per share. This is a 125 percent decrease over earnings of $0.08 per share from the same period last year. The company reported $292.30 million in sales this quarter. This is a 2.45 percent decrease over sales of $299.64 million the same period last year.
The Complaint alleges, among other things, that the Xu Group is attempting to seize control of HF Foods in violation of the federal securities laws.