Brief: Hf Foods Reports Q2 Loss Per Share $0.08

Hf Foods

10/08/2020 22:33

Aug 10 (Reuters) - Hf Foods Group Inc  HFFG.O :
    * HF FOODS REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS
    * Q2 PRO FORMA LOSS PER SHARE $0.08
    * Q2 REVENUE ROSE 40 PERCENT TO $104.6 MILLION
    * Q2 LOSS PER SHARE $0.08
    * EXPERIENCED A STEADY RECOVERY OF BUSINESS VOLUME SINCE
LATE
APRIL
    * WEEKLY SALES RECOVERED TO OVER 50% AND 60% OF PRE-COVID-19
LEVELS IN MONTHS OF MAY AND JUNE, RESPECTIVELY
    * RECOVERY TREND CONTINUED INTO MONTH OF JULY
    * NOW EXPERIENCING RELATIVELY STABILIZED SALES VOLUMES
EQUIVALENT
TO APPROXIMATELY 65% OF PRE-COVID-19 LEVELS
    * HAS BEEN ABLE TO GENERATE POSITIVE OPERATING CASH FLOWS ON
A
WEEKLY BASIS AND DOES NOT HAVE IMMEDIATE LIQUIDITY CONCERNS

Source text for Eikon:  ID:nGNX3Ps27m 
Further company coverage:  HFFG.O 

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