HF Foods Group Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 12, 2024
HFFG$1.45-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue - third parties | $297,619 | $280,635 | $893,786 | $862,561 |
| Net revenue - related parties | 770 | 818 | 2,599 | 5,059 |
| TOTAL NET REVENUE | 298,389 | 281,453 | 896,385 | 867,620 |
| Cost of revenue - third parties | 247,528 | 229,772 | 740,969 | 710,953 |
| Cost of revenue - related parties | 698 | 756 | 2,377 | 4,904 |
| TOTAL COST OF REVENUE | 248,226 | 230,528 | 743,346 | 715,857 |
| GROSS PROFIT | 50,163 | 50,925 | 153,039 | 151,763 |
| Distribution, selling and administrative expenses | 49,652 | 48,841 | 149,988 | 154,013 |
| INCOME (LOSS) FROM OPERATIONS | 511 | 2,084 | 3,051 | (2,250) |
| Interest expense | 2,644 | 2,715 | 8,597 | 8,430 |
| Other (income) expense, net | (332) | (490) | 3,040 | (845) |
| Change in fair value of interest rate swap contracts | 3,290 | (1,984) | 959 | (2,094) |
| Lease guarantee income | — | (95) | (5,548) | (305) |
| (LOSS) INCOME BEFORE INCOME TAXES | (5,091) | 1,938 | (3,997) | (7,436) |
| Income tax (benefit) expense | (1,254) | (36) | 164 | (2,053) |
| NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME | (3,837) | 1,974 | (4,161) | (5,383) |
| Less: net income (loss) attributable to noncontrolling interests | 103 | 90 | 456 | (484) |
| NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO HF FOODS GROUP INC. | $(3,940) | $1,884 | $(4,617) | $(4,899) |
| (LOSS) EARNINGS PER COMMON SHARE - BASIC | $(0.07) | $0.03 | $(0.09) | $(0.09) |
| (LOSS) EARNINGS PER COMMON SHARE - DILUTED | $(0.07) | $0.03 | $(0.09) | $(0.09) |
| WEIGHTED AVERAGE SHARES - BASIC | 52,726,683 | 54,142,396 | 52,490,321 | 54,005,010 |
| WEIGHTED AVERAGE SHARES - DILUTED | 52,726,683 | 54,513,314 | 52,490,321 | 54,005,010 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.