By Karen Roman
HF Foods Group Inc. (Nasdaq: HFFG) said fourth quarter net revenue increased 8.7% to $305.3 million compared to $280.9 million in the year prior.
Quarterly adjusted EBITDA rose 39.4% to $14.5 million in comparison to $10.4 million, the company stated.
Annual gross profit grew 0.6% to $205.2 million compared to $204 million the year prior, it said.
“As we enter 2025, we are actively expanding into high-growth channels such as specialty grocery and e-commerce to diversify revenue streams and mitigate risks associated with traditional restaurant segments,” said Felix Lin, HF Foods CEO and President. “The long-term fundamentals of our industry remain strong.”
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