Earnings summaries and quarterly performance for HF Foods Group.
Executive leadership at HF Foods Group.
Board of directors at HF Foods Group.
Research analysts who have asked questions during HF Foods Group earnings calls.
Recent press releases and 8-K filings for HFFG.
HF Foods Outlines 2026 Growth Strategy
HFFG
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- HF Foods (HFFG), a leading specialty food service distributor with over $1.2 billion in top-line business, holds 16% market share in the $50 billion Asian specialty market.
- The company is initiating an "offense" strategy in 2026 focused on top-line growth through cross-selling, new account acquisition, and leveraging its scale, supported by a restructured sales force and a recently completed ERP system integration as of May 1, 2025.
- Strategic investments include a new 200,000 sq ft facility in the Southeast launched in early 2026 and planned capacity expansion in the Midwest, aiming for $700 million in organic growth opportunities.
- M&A is a core pillar of the growth strategy, with the company targeting expansion from its current $1.2 billion to $2 billion or $5 billion.
- HF Foods is also exploring growth in specialty grocery/wholesale, which could reach 10%-20% of its business, and is piloting an e-commerce platform leveraging its existing distribution network.
Jan 12, 2026, 4:00 PM
HF Foods Details Growth Strategy and Market Position at ICR Conference
HFFG
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- HF Foods is the number one player in the Asian specialty food service distribution market, with over $1.2 billion in top-line business, servicing approximately 15,000 accounts and holding 16% market share across 95% of the U.S..
- The company is pursuing a multi-pronged growth strategy, including organic expansion into other specialty areas like Hispanic cuisine and frozen seafood, which grew 30% in the last two years to over $400 million. M&A is also a core pillar, with the goal to grow from $1.2 billion to $2 billion or $5 billion.
- Strategic investments include launching a new 200,000 sq ft facility in the Southeast in early 2026 and fully implementing a common ERP system across all sites by May 1, 2025, enabling an "offense" strategy for 2026 focused on top-line growth.
- HF Foods owns 10 of its 14 distribution facilities and most of its 400 trucks, with over 1 million sq ft of freezer cold storage that would cost several hundred million dollars to replicate.
Jan 12, 2026, 4:00 PM
HF Foods Outlines 2026 Growth Strategy and Market Position
HFFG
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- HF Foods is the number one player in the $50 billion Asian specialty food service market, with over $1.2 billion in top-line business and 95% U.S. coverage.
- For 2026, the company is focused on aggressive top-line growth through organic expansion (cross-selling, new accounts) and M&A, leveraging recent investments in a 200,000 sq ft facility and a fully implemented ERP system as of May 1, 2025.
- Strategic growth areas include expanding the frozen seafood business, which grew organically by 30% in the last two years to over $400 million, and developing specialty grocery/wholesale and e-commerce channels.
Jan 12, 2026, 4:00 PM
HF Foods Group Reports Q3 2025 Financial Results and Strategic Progress
HFFG
Earnings
New Projects/Investments
M&A
- HF Foods Group reported net revenue of $307 million, a 2.9% increase year-over-year, and a significant 41.5% increase in adjusted EBITDA to $11.7 million for the third quarter of 2025.
- The company successfully deployed a new ERP application across its entire network on May 1st and plans to initiate a sales force restructuring in the second half of Q4 2025.
- Strategic infrastructure investments include the near-complete Charlotte Distribution Center renovation, the Atlanta facility project (expected to double cold storage capacity), and the acquisition of its Chicago warehouse.
- Management expects Q4 2025 results to be similar to Q3 and anticipates incremental organic growth from the Atlanta market in 2026, with broader cross-selling opportunities in the Midwest by 2027.
Nov 10, 2025, 9:30 PM
HF Foods Group Inc. Announces Solid Third Quarter 2025 Financial Results
HFFG
Earnings
M&A
Revenue Acceleration/Inflection
- HF Foods Group Inc. reported net revenue of $307.0 million for the third quarter ended September 30, 2025, representing a 2.9% increase over the prior year period.
- The company's GAAP net loss significantly decreased by 77.2% to $0.9 million for Q3 2025, compared to a net loss of $3.8 million in the same period of 2024.
- Adjusted EBITDA for Q3 2025 increased by 41.5% to $11.7 million.
- Management attributed the solid financial performance to continued momentum from transformation initiatives and operational discipline, and is evaluating attractive M&A opportunities to expand the company's geographical footprint.
Nov 10, 2025, 9:17 PM
HF Foods Group Announces CFO Separation and Interim CFO Appointment
HFFG
CFO Change
Executive Compensation
Management Change
- HF Foods Group Inc. (HFFG) announced the separation of Cindy Yao as Chief Financial Officer, effective October 15, 2025.
- In connection with her separation, Ms. Yao will receive a severance payment of $187,500, which is one-half of her annual base salary of $375,000, paid over six months following the separation date.
- She is also eligible for COBRA health plan continuation coverage during the severance period.
- Paul McGarry has been appointed as the Interim Chief Financial Officer as of November 5, 2025.
Nov 5, 2025, 9:59 PM
HF Foods Group Announces Agreement to Acquire Chicago Distribution Facility
HFFG
M&A
New Projects/Investments
- HF Foods Group Inc. (HFFG) has entered into a binding purchase agreement to acquire a distribution facility in Chicago, Illinois, which it previously leased following its acquisition of Great Wall Seafood in 2022.
- This acquisition is part of the company's transformation plan, aiming to improve operational efficiency, reduce facility costs, and strengthen organic growth by enabling an early exit from the lease agreement and investment in additional capacity.
- The company expects this strategic development to expand its presence in the Midwest region and provide long-term benefits to local restaurant customers through improved operational control and enhanced logistics.
- The acquisition is supported by HF Foods' recently established At-the-Market (ATM) equity offering program, which is intended to provide liquidity for capital expenditures and future acquisitions or business expansion.
Sep 29, 2025, 12:17 PM
HF Foods Group Announces Agreement to Acquire Chicago Distribution Facility
HFFG
M&A
New Projects/Investments
- HF Foods Group Inc. (HFFG) has entered into a binding purchase agreement to acquire a distribution facility located in Chicago, Illinois.
- This acquisition is a strategic development expected to reduce facility costs, expand capacity, and support long-term growth by allowing HF Foods to exit its lease agreement early and improve operating expenses.
- The company's recently established At-the-Market (ATM) equity offering program is expected to provide the financial flexibility and liquidity for this acquisition and future growth initiatives.
- The facility, which HF Foods previously leased following its 2022 acquisition of Great Wall Seafood, is considered a key cornerstone of its Midwest distribution footprint and is expected to improve operational efficiency and drive consolidation opportunities.
Sep 29, 2025, 12:00 PM
HF Foods Group Inc. Establishes $100 Million ATM Equity Offering Program
HFFG
New Projects/Investments
M&A
- HF Foods Group Inc. has established an At-The-Market (ATM) equity offering program.
- The program allows the company to sell shares of its common stock for aggregate gross proceeds of up to $100 million.
- The net proceeds are intended for general corporate purposes, which may include working capital, funding capital expenditures, and paying for possible acquisitions or business expansion.
- D.A. Davidson & Co. and Roth Capital Partners will serve as sales agents for the ATM, with compensation up to 3.0% of the gross sales price.
Sep 25, 2025, 9:06 PM
HF Foods Group Reports 2024 Financials, Strategic Growth, and Leadership Changes
HFFG
Guidance Update
Management Change
Legal Proceedings
- HF Foods Group reported $1.2 billion in Net Revenue and $42.0 million in Adjusted EBITDA for 2024, with Adjusted EBITDA increasing 21.6% year-over-year.
- The company is positioned as the #1 specialty food distributor to Asian restaurants, covering approximately 95% of the contiguous U.S. and serving over 15,000 independent restaurant customers.
- HF Foods Group has outlined a clear strategy to grow revenues and expand margins through cross-sell opportunities, expansion in core markets, and an upcoming e-commerce platform, supported by operational initiatives like consolidating procurement and optimizing its transportation network.
- The company projects organic revenue of $1.4 billion to $1.5 billion+ and organic Adjusted EBITDA of $60 million to $75 million+ over the next 3-5 years, with an additional $120 million to $150 million in inorganic revenue opportunity.
- Recent leadership changes include Felix Lin appointed CEO in January 2025 and Cindy Yao appointed CFO in May 2024; an SEC investigation into former executives was fully resolved in June 2024.
Sep 19, 2025, 11:00 AM
Quarterly earnings call transcripts for HF Foods Group.
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