Quarterly ResultMay 11, 2026, 04:39 PM
HF Foods Q1 Net Income $1.23M; Revenue +4.55% to $312M
AI Summary
HF Foods Group Inc. reported a net income of $1.23 million for the first quarter of 2026, a significant improvement from a net loss of $1.65 million in the prior year period. Total net revenue increased by 4.55% to $312.0 million. The company also extended its revolving credit facility to March 2031 and completed the sale of assets held for sale, realizing a $1.4 million gain.
Key Highlights
- Net income attributable to HF Foods Group Inc. was $1.23 million, up from a $1.65 million loss year-over-year.
- Total net revenue increased 4.55% to $312.0 million from $298.4 million in Q1 2025.
- Basic EPS improved to $0.02 from a loss of $0.03 in the same period last year.
- Net cash provided by operating activities surged to $15.3 million, up from $6.9 million year-over-year.
- Extended revolving credit facility maturity to March 31, 2031, with amended interest rates.
- Completed sale of Utah land and building for a $1.4 million gain in Q1 2026.
- Acquired an additional 18.99% ownership in Min Food, Inc. for $0.8 million.
- Seafood revenue grew to $116.1 million (37% of total), while Meat and Poultry declined to $61.6 million (20%).
Price Impact
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