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HF Foods Group Inc. - HFFG STOCK NEWS

Welcome to our dedicated page for HF Foods Group news (Ticker: HFFG), a resource for investors and traders seeking the latest updates and insights on HF Foods Group stock.

HF Foods Group Inc. (symbol: HFFG) is a dynamic foodservice company, formerly known as Atlantic Acquisition Corp. The organization operates through its subsidiary, HF Group Holding Corporation, as a leading food service distributor specializing in meeting the needs of Asian and Chinese restaurants primarily in the southeastern United States. HF Foods Group serves over 3,200 restaurants spread across 10 states, offering a diverse range of products including fresh produce, seafood, frozen and dry food, and non-food items.

With a focus on the Asian culinary market, HF Foods Group has carved out a niche by providing a comprehensive selection of high-quality ingredients and supplies tailored to the unique requirements of Chinese and Asian eateries. The company is dedicated to delivering exceptional service, primarily servicing customers who speak Mandarin or other Chinese dialects, ensuring effective communication and strong customer relationships.

HF Foods Group Inc. continuously strives for growth and innovation. Recent achievements include expanding its distribution capabilities and enhancing its product portfolio to better serve its diverse clientele. Current projects aim at furthering market penetration and improving the efficiency of its supply chain, ensuring that customers receive fresh and top-tier products promptly.

In terms of financial condition, HF Foods Group has shown resilience and adaptability, maintaining a stable position in the competitive foodservice sector. Strategic partnerships and a solid customer base contribute to the company's robust business model. As an investor looking for updates and developments related to HF Foods Group Inc., you'll find the company's performance, ongoing projects, and latest news crucial in gauging its market trajectory.

Latest News:

  • Partnership with new suppliers to enhance product variety.
  • Expansion into additional states to widen market reach.
  • Introduction of new technology for better inventory management.
Rhea-AI Summary
HF Foods Group Inc. reported unaudited financial results for Q4 and full year 2023, with a 3.8% decrease in net revenue but a 3.0% increase in gross profit. Adjusted EBITDA surged by 372.6% in Q4. The company's operational transformation plan led to improved profitability, cost savings, and a partnership with a national transportation provider.
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HF Foods Group Inc. (HFFG) to participate in the 36th Annual Roth Conference, presenting to investors on March 18, 2024.
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HF Foods Group Inc. will report financial results for Q4 and full year 2023 on March 14, 2024. The pre-recorded earnings call webcast will be available on the Investor Relations website for replay.
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HF Foods Group Inc. appoints Mr. Xi Lin as President while he continues as COO, bringing extensive experience from Blue Bird Corporation. The CEO expresses confidence in Lin's ability to drive strategic business goals.
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HF Foods Group Inc. (NASDAQ: HFFG) is participating in the 2024 ICR Conference in Orlando, FL. The executive management team will host a presentation on January 8, 2024, which will be webcast live and available for replay.
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HF Foods Group Inc. (NASDAQ: HFFG) announced a comprehensive operational transformation plan to drive growth and cost savings. The company reported a 6.4% decrease in net revenue for the third quarter and a 1.2% decrease for the first nine months of 2023. Adjusted EBITDA increased by 151.0% for the third quarter but decreased by 32.9% for the nine months. The company's CEO outlined a transformation initiative focusing on centralized purchasing, fleet and transportation, digital transformation, and facility upgrades.
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HF Foods Group Inc. will report its financial results for the third quarter ended September 30, 2023, on November 9, 2023, after-market close. The pre-recorded earnings call webcast will be available on the Company's Investor Relations website for replay.
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HF Foods Group Inc. has filed a complaint against a group attempting to illegally seize control of the company. The complaint alleges that the group is violating federal securities laws and conducting an illegal tender offer. The company is taking legal action to stop these activities.
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FAQ

What is the current stock price of HF Foods Group (HFFG)?

The current stock price of HF Foods Group (HFFG) is $3.27 as of September 20, 2024.

What is the market cap of HF Foods Group (HFFG)?

The market cap of HF Foods Group (HFFG) is approximately 182.4M.

What does HF Foods Group Inc. specialize in?

HF Foods Group Inc. specializes in distributing fresh produce, seafood, frozen and dry food, and non-food products to Asian and Chinese restaurants in the United States.

How many states does HF Foods Group Inc. serve?

HF Foods Group Inc. serves over 3,200 restaurants across 10 states in the southeastern United States.

Who are the primary customers of HF Foods Group Inc.?

The primary customers of HF Foods Group Inc. are Chinese and Asian restaurants, who often converse in Mandarin or other Chinese dialects.

Has HF Foods Group Inc. achieved any recent milestones?

Yes, recent milestones include expanding distribution capabilities, enhancing the product portfolio, and entering new markets to better serve their customers.

What products does HF Foods Group Inc. offer?

HF Foods Group Inc. offers fresh produce, seafood, frozen and dry food, and non-food products tailored for Asian and Chinese restaurants.

Does HF Foods Group Inc. operate internationally?

No, HF Foods Group Inc. operates solely within the United States.

Is HF Foods Group Inc. involved in any strategic partnerships?

Yes, the company has formed strategic partnerships to enhance its product variety and improve service delivery.

What recent projects has HF Foods Group Inc. undertaken?

Recent projects include expanding market reach, enhancing supply chain efficiency, and introducing new technology for better inventory management.

How does HF Foods Group Inc. ensure customer satisfaction?

HF Foods Group Inc. ensures customer satisfaction by providing sales and service support in Mandarin or Chinese dialects and maintaining high standards for product quality and delivery.

Where can I find the latest news about HF Foods Group Inc.?

You can find the latest news about HF Foods Group Inc. on their official website and on financial news websites such as StockTitan.

HF Foods Group Inc.

Nasdaq:HFFG

HFFG Rankings

HFFG Stock Data

182.45M
52.73M
26.53%
18.19%
0.78%
Food Distribution
Wholesale-groceries & Related Products
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United States of America
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