HF Foods Group Inc.
2.1600-0.04 (-1.82%)
Oct 29, 4:00:02 PM EDT · NasdaqCM · HFFG · USD
Key Stats
Market Cap
114.57MP/E (TTM)
-Basic EPS (TTM)
-0.92Dividend Yield
0%Recent Filings
8-K
HF Foods leadership shakeup
HF Foods Group appointed Paul McGarry as Interim CFO effective October 15, 2025, replacing Cindy Yao, whose separation stems from no disagreements on financial matters. McGarry, internal since February, gains a $10,000 monthly stipend and $50,000 bonus for timely 10-K filing. The board added independent director Jeffery Taylor on October 13, bringing 27 years of finance leadership from firms like Franklin Electric. This bolsters governance amid operational transformation, yet risks linger in executing growth plans.
8-K
Acquires Chicago facility for efficiency
HF Foods Group entered a binding purchase agreement on September 29, 2025, to acquire its leased Chicago, Illinois, distribution facility, previously tied to the 2022 Great Wall Seafood deal. This move exits the lease early, cuts facility costs, and boosts capacity for Midwest growth via cross-selling. The ATM equity program adds liquidity for such expansions. Yet risks like integration challenges loom.
10-Q
Q2 FY2025 results
HF Foods posted solid Q2 momentum, with net revenue climbing 4.1% y/y to $314.9M on stronger seafood and meat volumes, while gross margin edged up to 17.5% from 17.4%. Operating income surged 57% y/y to $4.1M, driving diluted EPS of $0.02 versus breakeven last year—shares held steady at ~53M, no dilution quirks. Cash from operations hit $10.5M YTD, funding $6.7M capex; free cash flow (derived) of $3.7M YTD built cash to $15.7M, with $57.8M revolver availability and total debt at $106.0M (rates 4.3%-8.0%, compliant covenants). Yet YTD net loss widened to $0.4M from $0.7M, tied to fair-value swaps and executive transitions. Competition from larger distributors squeezes pricing power.
8-K
HF Foods hits Q2 revenue record
HF Foods Group Inc. reported record Q2 2025 net revenue of $314.9 million, up 4.1% from $302.3 million last year, driven by volume and pricing gains in meat, poultry, and seafood. Gross profit rose 5.1% to $55.1 million with a margin of 17.5%, while net income surged 117% to $0.5 million and Adjusted EBITDA climbed 31.1% to $13.8 million, bolstered by ERP implementation for efficiency. ERP rollout unifies operations. Yet, non-recurring items like executive transitions pose risks amid macro uncertainty.
8-K
Amended executive severance plan adopted
HF Foods Group Inc. adopted an amended and restated executive severance plan on July 1, 2025, expanding protections for vice presidents and above amid potential change in control scenarios. Key updates eliminate a board continuity exception for triggering events, shift most payouts to lump sums within 60 days post-termination, and add pro rata target bonuses for key executives based on performance reviews. Severance multiples range from 0.5 to 3 times base salary, with enhanced terms during control changes. Executives gain retention security, yet plan amendments remain possible outside protected periods.
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