Overview

* HF Foods ( HFFG ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $314.90 $310.50

Revenue mln mln (2

Analysts

)

Q2 Beat $0.12 $0.05 (2

Adjusted Analysts

EPS )

Q2 Gross 17.5%

Margin

Q2 Gross $55.10

Profit 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 ( HFFG ) 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:

(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.)