Earnings ·
HF Foods reports Q2 net income up 413.9% to $2.6M, agrees to acquire Searay Foods
HFFGHF Foods Group Inc.
HF Foods Group Inc. reported financial results for the second quarter ended June 30, 2026. Net revenue increased 2.8% year-over-year to $323.8 million, driven by volume growth and pricing improvements in Seafood and Commodity segments. GAAP net income rose 413.9% to $2.6 million, while adjusted net income grew 0.8% to $6.4 million. Adjusted EBITDA decreased 2.0% to $13.6 million due to incremental tariffs partially offset by IEEPA tariff refunds and employee retention credits. The company also announced an agreement to acquire Searay Foods, a Canadian importer of ethnic seafood, marking its first expansion outside the United States. HF Foods Group Inc. is a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States.