HF Foods Group Inc (HFFG) is a US-based foodservice company that operates in the distribution of fresh and frozen food, mainly to Chinese restaurants and grocery stores. It offers a wide range of products including seafood, meat, poultry, vegetables, and other items that are necessary for Chinese cuisine.
The company is focused on expanding its business through strategic acquisitions and currently operates through its wholly-owned subsidiary, HFM FoodService. HFFG operates mainly in the Southeastern and Mid-Atlantic regions of the US and has over 20 distribution centers across the country.
In terms of financials, HFFG reported revenue of $294.5 million in 2020, a decrease of 4.7% from the previous year, due to the impact of COVID-19 on the foodservice industry. However, the company has been recovering and reported revenue of $74.6 million in Q1 2021, a 6.7% increase from the same quarter in the previous year.
Overall, HFFG operates in a niche market and has a strong presence in the Chinese foodservice industry. The company is well-positioned for growth through acquisitions and the expansion of its distribution network. However, like all companies in the food industry, it is susceptible to factors such as supply chain disruptions and commodity price fluctuations.
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