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HFFG Hf Foods News Story

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HF Foods Q2 revenue beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$314.90 mln$310.50 mln (2 Analysts)
Q2 Adjusted EPSBeat$0.12$0.05 (2 Analysts)
Q2 Gross Margin17.5%
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.)

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