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HFFG Hf Foods News Story

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HF Foods Q3 revenue beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$307 mln$303.40 mln (2 Analysts)
Q3 Gross Margin16.40%
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.)

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