HF Foods Group Inc. (HFFG) Bundle
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 LeadershipHF 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 |
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
| Revenue (2023) | Gross Profit Margin | Operating Expenses |
|---|---|---|
| $540.2 million | 23.4% | $112.6 million |
HF Foods Group invests in digital transformation with:
- Advanced inventory management systems
- Real-time order tracking platforms
- E-commerce integration capabilities
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 ApproachHF 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 |
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
Environmental performance indicators for 2024:
| Sustainability Metric | Value |
|---|---|
| Carbon Emission Reduction | 22.3% |
| Renewable Energy Usage | 34.5% |
| Waste Recycling Rate | 68.2% |
Key operational performance metrics:
- Supply chain efficiency: 94.7%
- Inventory turnover ratio: 6.2x
- Operational cost reduction: 11.3%
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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