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HF Foods Reports Third Quarter 2026 Financial Results

Globe Newswire•09/11/2026•16:05 ET
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Key Highlights

  • ➤Net revenue rose 4.1% to $319.6 million, marking the seventh consecutive quarter of growth
  • ➤GAAP net loss increased 385.9% to $4.2 million
  • ➤Adjusted EBITDA decreased 6.3% to $11.0 million amid elevated fuel costs
  • ➤Searay Foods acquisition contributed $4.2 million revenue and $0.6 million Adjusted EBITDA
  • ➤Operating cash flow increased $19.6 million to $24.1 million through better inventory management

Expert Statements

Felix Lin, President and Chief Executive Officer of HF Foods

“Our third quarter results reflect solid top line growth, marking our seventh consecutive quarter of year-over-year net revenue growth, even as industry-wide fuel costs continued to weigh on operating expenses. We are actively managing through this pressure by taking actions to mitigate the impact, and the efficiency programs built through our transformation continue to help offset higher costs. We also completed our acquisition of Searay Foods during the quarter, our first expansion outside the United States, and integration is progressing well. With the foundation of our transformation largely built, we are focused on route and warehouse efficiency, purchasing discipline and cross-selling across the Southeast and Midwest. We are confident in our ability to turn near-term cost pressure into long-term value for our shareholders as we strengthen our position as the leading nationwide Asian specialty food distributor.”

LAS VEGAS, Nov. 09, 2026 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods” or the “Company”), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States and Canada, today announced results for the third quarter ended September 30, 2026.

(In thousands, except per share amounts)Three Months Ended September 30, 2026Change over Prior YearNine Months Ended September 30, 2026Change over Prior Year GAAP Measures Net revenue$ 319,575$ 12,597$ 955,358$ 35,099 Gross profit$ 53,391$ 2,982$ 158,965$ 2,465 Net loss$ (4,247)$ (3,373)$ (270)$ 1,624 Loss per share$ (0.08)$ (0.06)$ (0.01)$ 0.02 Non-GAAP Measures Adjusted EBITDA ((1))$ 11,008$ (740)$ 34,723$ (643) Adjusted net income ((2))$ 2,083$ (2,262)$ 11,883$ (2,321) Adjusted diluted earnings per share ((2))$ 0.04$ (0.04)$ 0.22$ (0.05)

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