HF Foods Group Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
HFFG$1.45-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue - third parties | $301,331 | $290,364 | $596,167 | $581,926 |
| Net revenue - related parties | 1,011 | 1,948 | 1,829 | 4,241 |
| TOTAL NET REVENUE | 302,342 | 292,312 | 597,996 | 586,167 |
| Cost of revenue - third parties | 248,957 | 239,724 | 493,441 | 481,181 |
| Cost of revenue - related parties | 920 | 1,922 | 1,679 | 4,148 |
| TOTAL COST OF REVENUE | 249,877 | 241,646 | 495,120 | 485,329 |
| GROSS PROFIT | 52,465 | 50,666 | 102,876 | 100,838 |
| Distribution, selling and administrative expenses | 49,840 | 52,243 | 100,336 | 105,172 |
| INCOME (LOSS) FROM OPERATIONS | 2,625 | (1,577) | 2,540 | (4,334) |
| Interest expense | 3,119 | 2,847 | 5,953 | 5,715 |
| Other expense (income), net | 3,466 | (127) | 3,372 | (355) |
| Change in fair value of interest rate swap contracts | (361) | (2,856) | (2,331) | (110) |
| Lease guarantee income | (5,433) | (90) | (5,548) | (210) |
| INCOME (LOSS) BEFORE INCOME TAXES | 1,834 | (1,351) | 1,094 | (9,374) |
| Income tax expense (benefit) | 1,599 | 209 | 1,418 | (2,017) |
| NET INCOME (LOSS) AND COMPREHENSIVE LOSS | 235 | (1,560) | (324) | (7,357) |
| Less: net income (loss) attributable to noncontrolling interests | 218 | (710) | 353 | (574) |
| NET INCOME (LOSS) AND COMPREHENSIVE LOSS ATTRIBUTABLE TO HF FOODS GROUP INC. | $17 | $(850) | $(677) | $(6,783) |
| EARNINGS (LOSS) PER COMMON SHARE - BASIC | $0.00 | $(0.02) | $(0.01) | $(0.13) |
| EARNINGS (LOSS) PER COMMON SHARE - DILUTED | $0.00 | $(0.02) | $(0.01) | $(0.13) |
| WEIGHTED AVERAGE SHARES - BASIC | 52,585,715 | 54,046,328 | 52,370,842 | 53,935,178 |
| WEIGHTED AVERAGE SHARES - DILUTED | 52,661,119 | 54,046,328 | 52,370,842 | 53,935,178 |
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