Quarterly ResultMay 11, 2026, 04:06 PM
HF Foods Q1 Net Revenue +4.5% to $312M; GAAP Net Income +188.6%
AI Summary
HF Foods Group Inc. announced its first quarter 2026 financial results, reporting a 4.5% increase in net revenue to $312.0 million. GAAP Net Income saw a significant rise of 188.6% to $1.4 million, while Adjusted EBITDA grew by 3.8% to $10.1 million. The company highlighted continued momentum from its transformation initiatives, including operational benefits from a consolidated sales call center, digital infrastructure advancements, and facilities expansion with the acquisition of a Chicago warehouse and near-completion of a Charlotte facility. Management expressed confidence in long-term growth despite near-term cost pressures.
Key Highlights
- Net revenue increased 4.5% to $312.0 million for Q1 2026.
- GAAP Net Income increased 188.6% to $1.4 million for Q1 2026.
- Adjusted Net Income decreased 3.6% to $3.4 million for Q1 2026.
- Adjusted EBITDA increased 3.8% to $10.1 million for Q1 2026.
- Gross profit slightly decreased by 0.8% to $50.5 million.
- Cash provided by operating activities was $15.3 million, up from $6.9 million in prior year.
- Company acquired its Chicago warehouse and is near completion of its Charlotte facility.
- Cash on hand was $11.1 million as of March 31, 2026.