--- title: "HF Foods | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 312 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286031755.md" datetime: "2026-05-12T03:59:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286031755.md) - [en](https://longbridge.com/en/news/286031755.md) - [zh-HK](https://longbridge.com/zh-HK/news/286031755.md) --- # HF Foods | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 312 M Revenue: As of FY2026 Q1, the actual value is USD 312 M, beating the estimate of USD 308.52 M. EPS: As of FY2026 Q1, the actual value is USD 0.02, beating the estimate of USD -0.02. EBIT: As of FY2026 Q1, the actual value is USD 3.849 M. #### First Quarter 2026 Financial Results ##### Net Revenue Net revenue increased by 4.5% to $312.0 million for the first quarter of 2026, compared to $298.4 million in the prior year period, an increase of $13.6 million. This increase was primarily driven by volume growth and pricing improvement in Seafood, followed by volume growth for Commodity products. ##### Gross Profit Gross profit slightly decreased by 0.8% to $50.5 million for the period, compared to $51.0 million in the prior year period. The gross profit margin decreased to 16.2% from 17.1% in the prior year period, mainly due to increased sales in lower margin products like Seafood and an uptick in landed costs. ##### Operating Costs Distribution, selling and administrative expenses decreased by $0.3 million, or 0.6%, to $49.5 million, compared to $49.8 million in the prior year period. As a percentage of net revenue, these expenses decreased to 15.9% from 16.7% in the prior year period. Income from operations was $1,037 thousand for the first quarter of 2026, compared to $1,154 thousand in the prior year period. ##### Net Income GAAP Net Income for the first quarter of 2026 was $1,356 thousand, an increase of $2,886 thousand compared to a net loss of - $1,530 thousand in the prior year period, representing an increase of 188.6%. The improvement was primarily due to a $2.0 million favorable change in the fair value of interest rate swap contracts and a $1.7 million increase in other income, largely from the sale of a property, partially offset by a $0.5 million decrease in income tax benefit. Adjusted Net Income decreased by 3.6% to $3,350 thousand, compared to $3,476 thousand in the prior year period, a change of - $126 thousand. ##### Adjusted EBITDA Adjusted EBITDA increased by 3.8% to $10,146 thousand, compared to $9,773 thousand in the prior year period, a change of $373 thousand. ##### Cash Flow Net cash provided by operating activities was $15,288 thousand for the three months ended March 31, 2026, an increase of $8.3 million from $6,948 thousand in the prior year period. This increase was primarily due to an increase in non-cash expense add-backs and increases in accounts payable balances. Net cash used in investing activities was - $11,119 thousand, compared to - $3,564 thousand in the prior year period. Net cash used in financing activities was - $1,749 thousand, compared to - $1,752 thousand in the prior year period. ##### Liquidity As of March 31, 2026, HF Foods Group Inc. had cash of $11,061 thousand and access to approximately $55.2 million in additional funds through its $125.0 million line of credit. #### Outlook / Guidance HF Foods Group Inc. is focused on driving operational efficiency, capturing organic growth through network optimization and cross-selling, and selectively pursuing M&A opportunities. The company anticipates realizing operational benefits from its consolidated sales call center structure, continued advancement of its digital infrastructure, and facilities expansion, including the acquisition of a Chicago warehouse and near-completion of a Charlotte facility. Despite near-term cost pressures, management is confident in the long-term growth trajectory and ability to create sustained shareholder value. ### Related Stocks - [HFFG.US](https://longbridge.com/en/quote/HFFG.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026 | YEXT Stock News](https://longbridge.com/en/news/286970613.md) - [INTOUCH INSIGHT ANNOUNCES Q1 2026 FINANCIAL RESULTS](https://longbridge.com/en/news/287124506.md) - [GDEV announces results for the first quarter of 2026 | GDEV Stock News](https://longbridge.com/en/news/286909689.md)