HFFG Earnings Prediction
The chart below shows how HFFG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HFFG sees a +4.95% change in stock price 10 days leading up to the earnings, and a +3.84% change 10 days following the report. On the earnings day itself, the stock moves by +0.70%. This data can give you a slight idea of what to expect for the next quarter's release.
HFFG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
302.34M
3.43%
2.26%
Gross Margin
17.35%
0.12%
1.76%
Operating Margin
2.29%
1861.54%
472.50%
Net Margin
0.08%
115.09%
-142.11%
EPS
0.00
-100.00%
-100.00%
No Data Available
HFFG Earnings Analysis
HF Foods Group Inc. Common Stock Corporation (HFFG.O) Earnings Conference Call
Positive
HF Foods Group saw an increase in net revenue for the second quarter of 2024, with a 3.4% growth reaching $302.3 million compared to the same period in 2023, driven by product cost inflation in the chicken category and improved pricing in seafood.
The gross profit increased by 3.6% to $52.5 million for the quarter, compared to $50.7 million in the prior year quarter, with gross profit margins slightly increasing to 17.4% from 17.3%.
Distribution, selling, and administrative expenses decreased by approximately 4.6% to $49.8 million for the second quarter of 2024 from $52.2 million for the second quarter of 2023, primarily due to lower professional fees and partially offset by higher payroll and related labor costs.
Operating income for the second quarter of 2024 improved to $2.6 million compared to a loss of $1.6 million for the second quarter of 2023, driven by lower distribution, selling, and administrative expenses.
Adjusted EBITDA increased approximately 26.4% to $10.6 million for the second quarter, compared to $8.4 million for the prior year quarter, primarily due to the increase in operating income.
Negative
- Despite the improvements in revenue and gross profit, there was a significant $3.1 million loss in revenue from the exit of the chicken processing businesses, impacting overall financial results.
- Total interest expense slightly increased from $2.8 million to $3.1 million in the second quarter, which could be a concern for the company's financial health and profitability.
- The company experienced significant cost volatility in the chicken category due to inflation and pricing challenges, highlighting potential challenges in managing input costs and maintaining margins in key product categories.
