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.

HF Foods Group Inc. (NASDAQ:HFFG ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Madeleine Kettle - Investor Relations at ICR Peter Zhang - Chief Executive Officer Cindy Yao - Chief Financial Officer Felix Lin - President and Chief Operating Officer Conference Call Participants Madeleine Kettle Hello, everyone. Welcome to HF Foods Group Second Quarter 2024 Earnings Conference Call.

HF Foods Group Inc. (HFFG) Q2 2024 Earnings Call Transcript

HF Foods' (HFFG) second-quarter performance benefits from volume increases and improved pricing in certain categories.

HF Foods (HFFG) Q2 Earnings Improve Y/Y, Gross Margin Up

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.

HF Foods Appoints Dr. Yujie Wang to its Board of Directors

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.

HF Foods Appoints Lisa Lim and Charlotte Westfall to its Board of Directors

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of HF Foods Group, Inc. (Nasdaq: HFFG) concerning the Company and its directors' and officers' possible violations of state laws. If you own HF Foods Group stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 10169 at.

Glancy Prongay & Murray LLP Announces Investigation of HF Foods Group, Inc. (HFFG)

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.

HF Foods Announces Settlement with SEC

Discover why Zacks rates HF Foods as "Outperform," being the first on Wall Street to initiate coverage on the stock. Explore HFFG's strategic shifts, financial health, and market positioning for growth in the Asian cuisine sector.

Zacks Initiates Coverage of HF Foods With Outperform Recommendation

HF Foods Group Inc. (NASDAQ:HFFG ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Anna Heller - Investor Relations at ICR Peter Zhang - Chief Executive Officer Felix Lin - President and Chief Operating Officer Conference Call Participants Anna Heller Hello, everyone. Welcome to HF Foods Group's First Quarter 2024 Earnings Conference Call.

HF Foods Group Inc. (HFFG) Q1 2024 Earnings Call Transcript

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.

HF Foods Reports First Quarter 2024 Financial Results

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.

HF Foods To Participate in the Sidoti Micro Cap Conference

Pre-Recorded Earnings Call Webcast Will Be Available on Investor Relations Website Pre-Recorded Earnings Call Webcast Will Be Available on Investor Relations Website

HF Foods to Report First Quarter 2024 Results on May 8, 2024

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HF Foods Group Inc. (NASDAQ:HFFG) Q4 2023 Results Conference Call March 14, 2024 8:00 AM ET

HF Foods Group Inc. (HFFG) Q4 2023 Earnings Call Transcript

Pre-Recorded Earnings Call Webcast Available on Investor Relations Website Company Continues to Execute Comprehensive, Operational Transformation Plan to Drive Growth and Cost Savings LAS VEGAS, March 14, 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 fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Results Net revenue decreased 3.8% to $280.9 million compared to $291.9 million in the prior year.

HF Foods Reports Fourth Quarter and Full Year 2023 Financial Results

LAS VEGAS, March 11, 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 in the 36th Annual Roth Conference in Dana Point, CA. The HF Foods executive management team is hosting a presentation that is scheduled to begin at 8:00 a.m. PT on Monday, March 18, 2024.

HF Foods To Participate in the 36th Annual Roth Conference

HF Foods to Report Fourth Quarter and Full Year 2023 Results on March 14, 2024

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.

HF Foods Appoints Felix Lin as President of the Company

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LAS VEGAS, Jan. 02, 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 in the 2024 ICR Conference in Orlando, FL. The HF Foods executive management team is hosting a presentation that is scheduled to begin at 10:00 a.m. ET on Monday, January 8, 2024.

HF Foods To Participate in the 2024 ICR Conference

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.

HF Foods Reports Third Quarter 2023 Financial Results

First Half Record Net Revenue Focus is to Reduce Cost Structure and Transform Operations LAS VEGAS, Aug. 09, 2023 (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”), reported financial results for the second quarter and six months ended June 30, 2023. Second Quarter 2023 Financial Results Net revenue decreased 2.4% to $292.3 million compared to $299.6 million in the prior year.

HF Foods Reports Second Quarter 2023 Financial Results

LAS VEGAS, June 05, 2023 (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 that it held its Combined 2022-2023 Annual Meeting of Stockholders (the “Annual Meeting”) on June 1, 2023.

HF Foods Holds Combined 2022-2023 Annual Meeting of Stockholders

HF Foods Takes Legal Action to Stop Group Attempting to Illegally Seize Control of the Company In Response, Group Withdraws Slate of Nominees in Connection with Annual Meeting LAS VEGAS, May 17, 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 it filed a complaint (the “Complaint”) against Maodong Xu, Zhou Min Ni, Fai Lam in his capacity as Trustee of the Irrevocable Trust for Raymond Ni, Weihui Kwok, and Yuanyuan Wu (collectively, the “Xu Group”) in the United States District Court, District of Nevada. 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 through: obfuscating the true identity and purpose of their group as legally required and by filing false and misleading regulatory disclosures with the SEC, and conducting an illegal tender offer that includes strong-arming current HF Foods stockholders into selling their Company shares in violation of the Williams Act of 1968.

HF Foods Files Complaint in US District Court to Protect Stockholders and Employees

First Quarter Net Revenue up 6% to $293.9 Million Plan in Place to Reduce Cost Structure and Continue Focus on Improving Operations LAS VEGAS, May 10, 2023 (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”), reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Results Net revenue increased 6% to $293.9 million compared to $278.2 million in the prior year.

HF Foods Reports First Quarter 2023 Financial Results

LAS VEGAS, April 26, 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 Company has entered into a proposed settlement of a previously disclosed pending stockholder derivative complaint in the Court of Chancery of the State of Delaware (the “Court”) with respect to certain current and former officers and directors of the Company (the “Delaware Action”). The full terms of the settlement of the Delaware Action are to be incorporated into a long-form settlement agreement, which is subject to approval of the Court. Upon the execution of the long-form settlement agreement, the Delaware Action will be dismissed with prejudice, thereby resolving all existing and potential liability against all named defendants in the Delaware Action.

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