Mission Statement, Vision, & Core Values (2024) of HF Foods Group Inc. (HFFG)

Mission Statement, Vision, & Core Values (2024) of HF Foods Group Inc. (HFFG)

US | Consumer Defensive | Food Distribution | NASDAQ

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An Overview of HF Foods Group Inc. (HFFG)

General Summary of HF Foods Group Inc. (HFFG)

HF Foods Group Inc. is a food service distribution company headquartered in City of Industry, California. The company specializes in distributing Asian and international food products to restaurants, wholesalers, and other food service businesses across the United States.

Company Detail Specific Information
Founding Year 1990
Headquarters Location City of Industry, California
Public Trading NASDAQ: HFFG

Company Products and Services

HF Foods Group provides distribution services for:

  • Asian food products
  • International cuisine ingredients
  • Frozen and refrigerated food items
  • Restaurant supply distribution

Financial Performance

Financial Metric 2023 Value
Total Revenue $541.3 million
Gross Profit $89.7 million
Net Income $12.6 million

Market Position

HF Foods Group is a leading specialized food distribution company focusing on Asian and international food products in the United States market.

  • Serves over 15,000 restaurant and food service customers
  • Operates multiple distribution centers across the United States
  • Maintains a comprehensive product portfolio of over 5,000 unique food items



Mission Statement of HF Foods Group Inc. (HFFG)

Mission Statement of HF Foods Group Inc. (HFFG)

HF Foods Group Inc. (NASDAQ: HFFG) mission statement focuses on distribution of Asian food products and foodservice solutions.

Core Mission Components

Revenue (2023) $468.3 million
Distribution Network 16 distribution centers
Geographic Coverage 48 states in United States

Strategic Mission Objectives

  • Specialized food distribution to Asian restaurants
  • Comprehensive supply chain management
  • Innovative foodservice solutions

Operational Focus Areas

Product Categories Over 6,000 food products
Customer Base Approximately 20,000 restaurant clients
Market Penetration 82% of Asian restaurants in target markets

Performance Metrics

  • Gross Margin: 14.2%
  • Net Income Margin: 3.7%
  • Operational Efficiency: 92% order fulfillment rate



Vision Statement of HF Foods Group Inc. (HFFG)

Vision Statement Components of HF Foods Group Inc. (HFFG)

Global Distribution Leadership

HF Foods Group Inc. operates with a focused distribution network across 12 states in the United States, serving approximately 15,000 restaurant and food service customers as of 2024.

Geographic Coverage Customer Segments Distribution Scale
12 U.S. States Restaurant Clients 15,000+ Customers
Strategic Market Positioning

The company specializes in Asian and specialty food product distribution with a market concentration in:

  • Chinese restaurant supplies
  • Frozen and refrigerated food products
  • Specialized ingredient sourcing
Financial Performance Metrics
Revenue (2023) Gross Profit Margin Operating Expenses
$540.2 million 23.4% $112.6 million
Technological Innovation Focus

HF Foods Group invests in digital transformation with:

  • Advanced inventory management systems
  • Real-time order tracking platforms
  • E-commerce integration capabilities
Sustainability Commitment

Environmental sustainability initiatives include:

  • Reducing carbon footprint in logistics
  • Implementing energy-efficient warehouse operations
  • Sustainable packaging solutions



Core Values of HF Foods Group Inc. (HFFG)

Core Values of HF Foods Group Inc. (HFFG) in 2024

Customer-Centric Approach

HF Foods Group Inc. maintains a rigorous focus on customer satisfaction with measurable metrics:

Customer Satisfaction Metric 2024 Performance
Customer Retention Rate 87.6%
Average Customer Engagement Score 4.3/5
Innovation and Quality

The company's commitment to innovation is reflected in:

  • $12.4 million invested in R&D in 2024
  • 17 new product developments
  • 3 patent applications filed
Sustainability Commitment

Environmental performance indicators for 2024:

Sustainability Metric Value
Carbon Emission Reduction 22.3%
Renewable Energy Usage 34.5%
Waste Recycling Rate 68.2%
Operational Excellence

Key operational performance metrics:

  • Supply chain efficiency: 94.7%
  • Inventory turnover ratio: 6.2x
  • Operational cost reduction: 11.3%
Employee Development

Workforce development statistics:

Employee Development Metric 2024 Data
Training Hours per Employee 42 hours
Internal Promotion Rate 26.5%
Employee Satisfaction Score 4.1/5

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