HF Foods Q4 revenue rises, profit margins decline
Overview
U.S. Asian food distributor's Q4 revenue rose 0.9% year-over-year
Gross profit and margin declined due to higher costs
Outlook
Company did not provide specific guidance for the current qtr or full yr
Result Drivers
CATEGORY MIX - Q4 revenue growth was driven by higher volume and pricing in seafood and commodity categories, partially offset by declines in other categories
HIGHER COSTS - Gross profit and margin declined in Q4 due to increased costs, despite higher revenue
Company press release: ID:nGNXCtK9m
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Miss* | $308 mln | $308.57 mln (2 Analysts) |
Q4 Gross Margin |
| 16.6% |
|
Q4 Gross Profit |
| $51.1 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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 is $7.00, about 228.6% above its March 13 closing price of $2.13
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
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