HF Foods Q2 revenue slightly beats estimates on seafood and commodity growth

Hf Foods

10/08/2026 21:18

Overview
US Asian food distributor's Q2 revenue rose 2.8%, slightly beating analyst expectations
Adjusted net income for Q2 increased 0.8% year-over-year
Company agreed to acquire Searay Foods, marking first expansion outside US

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
SEAFOOD & COMMODITY GROWTH - Co said higher volumes and improved pricing in Seafood and Commodity categories drove revenue increase
TARIFF IMPACTS - Gross margin declined due to incremental tariffs that began in Q3 2025, partially offset by IEEPA tariff refunds
NON-OPERATING INCOME - Net income growth driven by employee retention credit, tariff refunds, and favorable change in interest rate swap contracts

Company press release: ID:nGNXc9QVTm

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$323.80 mln
$320.67 mln (3 Analysts)
Q2 Gross Margin
 
17.00%
 
Q2 Gross Profit
 
$55 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 284.6% above its August 7 closing price of $1.56
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

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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.)