Company: HFFG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001680873-25-000074
Chunk: 50

Company: HF Foods Group Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 50
---
,409 50,163 246 Distribution, selling and administrative expenses49,289 49,652 (363)Income from operations1,120 511 609 Interest expense2,941 2,644 297Other income, net(234)(332)98Change in fair value of interest rate swap contracts47 3,290 (3,243)Loss before income taxes(1,634)(5,091)3,457 Income tax benefit(760)(1,254)494Net loss and comprehensive loss(874)(3,837)2,963 Less: net income attributable to noncontrolling interests242 103 139Net loss and comprehensive loss attributable to HF Foods Group Inc.$(1,116)$(3,940)$2,824 

The following table sets forth the components of our consolidated results of operations expressed as a percentage of net revenue for the periods indicated:

Three Months Ended September 30,20252024Net revenue100.0 %100.0 %Cost of revenue83.6 %83.2 %Gross profit16.4 %16.8 %Distribution, selling and administrative expenses16.1 %16.6 %Income from operations0.3 %0.2 %Interest expense1.0 %0.9 %Other income, net(0.1)%(0.1)%Change in fair value of interest rate swap contracts— %1.1 %Loss before income taxes(0.6)%(1.7)%Income tax benefit(0.2)%(0.4)%Net loss and comprehensive loss(0.4)%(1.3)%Less: net income attributable to noncontrolling interests0.1 %— %Net loss and comprehensive loss attributable to HF Foods Group Inc.(0.5)%(1.3)%

Net Revenue

22

Net revenue for the three months ended September 30, 2025 increased by $8.6 million, or 2.9%, compared to the same period in 2024. The increase was primarily attributable to volume increases and improved pricing in Meat & Poultry and Seafood, offset by a slight decrease in volume within other categories. 

Gross Profit

Gross profit was $50.4 million for three months ended September 30, 2025 compared to $50.2 million in the same period in 2024, an increase of $0.