HF Foods Group Q1 GAAP EPS $(0.01) Up From $(0.11) YoY, Sales $295.65M Up From $293.86M YoY
Portfolio Pulse from Benzinga Newsdesk
HF Foods Group reported a Q1 GAAP EPS of $(0.01), improving from $(0.11) YoY, with sales increasing slightly to $295.65M from $293.86M YoY.
May 08, 2024 | 12:11 pm
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HF Foods Group reported a significant improvement in Q1 GAAP EPS from $(0.11) to $(0.01) YoY and a slight increase in sales to $295.65M from $293.86M YoY.
The improvement in EPS from $(0.11) to $(0.01) indicates a significant reduction in losses year-over-year, which is a positive signal for investors. The slight increase in sales further supports the company's growth trajectory. These factors combined suggest a positive short-term impact on HFFG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100