HF Foods Group Reports Q3 2026 Revenue Growth Amidst Fuel Cost Headwinds
HF Foods Group (HFFG) reported its seventh consecutive quarter of revenue growth, reaching $319.6 million, a 4.1% increase year-over-year. This growth was primarily driven by increased seafood volumes and improved pricing in the produce and commodities sectors. The company also saw margin expansion to 16.7%, aided by the recent acquisition of Searay Foods and IEEPA tariff refunds. Despite top-line gains, profitability faced significant pressure from rising energy costs. Adjusted EBITDA fell 6.3% to $11.0 million, largely due to a $1.4 million headwind caused by surging diesel prices. Additionally, the company reported an increased net loss of $4.2 million compared to $900,000 in the prior year period, attributed to lower operating income and higher tax expenses.
Topics: acquisition impact fuel costs net loss operating cash flow revenue growth
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