HF Foods Q1 revenue rises on higher volumes, improved pricing in seafood

Hf Foods

11/05/2026 21:29

Overview

US Asian food distributor's Q1 revenue rose 4.5%, beating analyst expectations

Adjusted net income for Q1 fell 3.6% to $3.4 mln

Gross margin declined to 16.2% due to higher seafood sales and increased landed costs

Outlook

Company did not provide specific guidance for current or future quarters

Result Drivers

SEAFOOD AND COMMODITY VOLUME - Revenue growth was primarily due to higher volumes and improved pricing in seafood, followed by increased commodity volumes

LOWER MARGIN PRODUCT MIX - Gross profit and margin declined due to increased sales of lower margin products like seafood and higher landed costs

OPERATING EXPENSES - Distribution, selling and administrative expenses fell mainly due to increased net revenue and lower professional fees and bad debt expense, partially offset by higher auto & truck expenses and depreciation

Company press release: ID:nGNX58ND34

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$312 mln
$308.46 mln (3 Analysts)
Q1 Gross Margin
16.20%
Q1 Gross Profit
$50.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food retail & distribution peer group is "buy"

Wall Street's median 12-month price target for Hf Foods Group Inc is $6.00, about 217.5% above its May 8 closing price of $1.89

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)