Record Net Revenue and Gross Profit
HF Foods reported the highest net revenue and gross profit ever recorded, with net revenue increasing 4.1% year-over-year to $314.9 million and gross profit increasing 5.1% to $55.1 million.
Significant Adjusted EBITDA Growth
Adjusted EBITDA increased 31.1% year-over-year to $13.8 million, reflecting strong operational performance.
Successful ERP System Implementation
HF Foods successfully deployed a new ERP system across its network, enhancing efficiency, visibility, and control.
Strategic Facility Enhancements
Renovations at the Charlotte distribution center and progress on the Atlanta facility are expected to create growth opportunities.
Net Income Increase
Net income increased 117% year-over-year to $0.5 million, driven by revenue growth and cost management.