HF Foods (HFFG) Q1 2026 Earnings Transcript

HF Foods reported Q1 2026 net revenue of $312 million (+4.5% YoY) driven by volume growth and improved seafood pricing, though gross profit declined slightly to $50.5 million due to higher seafood mix and elevated landed costs. The company completed major operational transformations including ERP implementation and sales consolidation, while expanding facilities in Chicago, Charlotte, and Atlanta to support cross-selling strategy. Management expects near-term margin pressure from rising fuel and input costs but remains confident in long-term growth, with increased M&A inbound interest as smaller competitors face operational pressures.