Overview
HF Foods Q2 revenue rises 4.1% to $314.9 mln, beating analyst expectations
Adjusted EPS for Q2 increases to $0.12, surpassing estimates, per LSEG data
Revenue growth driven by volume and pricing in Meat & Poultry, Seafood
Outlook
Company evaluating M&A opportunities to expand geographic footprint
Company confident in long-term strategy amid uncertain macro environment
Result Drivers
VOLUME AND PRICING - Revenue growth driven by increased volume and improved pricing in Meat & Poultry and Seafood
ERP IMPLEMENTATION - Successful ERP system implementation expected to enhance operational efficiency
TRANSFORMATION INITIATIVES - Continued momentum from transformation initiatives and strategic priorities
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$314.90 mln
$310.50 mln (2 Analysts)
Q2 Adjusted EPS
Beat
$0.12
$0.05 (2 Analysts)
Q2 Gross Margin
17.5%
Q2 Gross Profit
$55.10 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 57.9% above its August 8 closing price of $2.95
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nGNX3pRJgZ
(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.)