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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
TOTAL NET REVENUE $ 314,853 $ 302,342 $ 613,281 $ 597,996
TOTAL COST OF REVENUE 259,721 249,877 507,190 495,120
GROSS PROFIT 55,132 52,465 106,091 102,876
Distribution, selling and administrative expenses 51,013 49,840 100,818 100,336
INCOME FROM OPERATIONS 4,119 2,625 5,273 2,540
Interest expense 2,817 3,119 5,426 5,953
Other (income) expense, net (414) 3,466 (591) 3,372
Change in fair value of interest rate swap contracts 685 (361) 1,869 (2,331)
Lease guarantee income 0 (5,433) 0 (5,548)
INCOME (LOSS) BEFORE INCOME TAXES 1,031 1,834 (1,431) 1,094
Income tax expense (benefit) 521 1,599 (411) 1,418
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) 510 235 (1,020) (324)
Less: net (loss) income attributable to noncontrolling interests (706) 218 (591) 353
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO HF FOODS GROUP INC. $ 1,216 $ 17 $ (429) $ (677)
(LOSS) EARNINGS PER COMMON SHARE - BASIC (in USD per share) $ 0.02 $ 0 $ (0.01) $ (0.01)
(LOSS) EARNINGS PER COMMON SHARE - DILUTED (in USD per share) $ 0.02 $ 0 $ (0.01) $ (0.01)
WEIGHTED AVERAGE SHARES - BASIC (in shares) 52,969,037 52,585,715 52,853,982 52,370,842
WEIGHTED AVERAGE SHARES - DILUTED (in shares) 53,414,715 52,661,119 52,853,982 52,370,842
Third parties        
TOTAL NET REVENUE $ 313,550 $ 301,331 $ 611,023 $ 596,167
TOTAL COST OF REVENUE 258,552 248,957 505,143 493,441
Related parties        
TOTAL NET REVENUE 1,303 1,011 2,258 1,829
TOTAL COST OF REVENUE $ 1,169 $ 920 $ 2,047 $ 1,679