Overview
HF Foods Q3 revenue grows 2.9% yr/yr, beating analyst expectations
Adjusted EBITDA rises 41.5% to $11.7 mln, reflecting operational improvements
Net loss decreased 77.2% to $0.9 mln, driven by operational improvements
Outlook
Company did not provide specific financial guidance for future quarters or the full year
Result Drivers
VOLUME AND PRICING - Revenue increase driven by higher volumes and improved pricing in Meat & Poultry and Seafood
EXPENSE MANAGEMENT - Decrease in distribution, selling and administrative expenses as a percentage of net revenue due to cost management
INTEREST RATE SWAPS - Net loss reduction aided by increased fair value of interest rate swap contracts
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$307 mln
$303.40 mln (2 Analysts)
Q3 Gross Margin
16.40%
Q3 Gross Profit
$50.40 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the food retail & distribution peer group is "buy"
Wall Street's median 12-month price target for Hf Foods Group Inc is $7.00, about 66% above its November 7 closing price of $2.38
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nGNX9C1ZPW
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)