HF Foods Group

HF Foods Group

Asian restaurant-focused food distributor and supplier

Overview

HF Foods Group distributes food and related supplies to Asian restaurants in the United States, offering a one-stop procurement platform with meats, seafood, produce, frozen and dry foods, and non-food items. It uses a centralized inventory system to buy in bulk from suppliers, then distributes to customers nationwide, while bilingual sales and support teams help Asian restaurants source what they need. The company differentiates itself by serving a niche market often overlooked by larger distributors, leveraging scale and supplier relationships, plus culturally aware service and strategic acquisitions to broaden its footprint. Its goal is to become a leading national distributor of Asian and specialty foods, expanding across North America through acquisitions and technology investments to meet evolving customer trends.

About HF Foods Group

Simplify's Rating
Why HF Foods Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Food & Agriculture

Industrial & Manufacturing

Company Size

51-200

Company Stage

IPO

Headquarters

Industry, California

Founded

2019

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Simplify's Take

What believers are saying

  • Q2 2026 revenue hit $323.8 million, extending six straight quarters of growth.
  • July 17, 2026 Searay acquisition adds Canadian specialty seafood and higher-margin volume.
  • July 29, 2026 refinancing lifted revolver capacity to $140 million through 2031.

What critics are saying

  • Q2 2026 gross margin fell to 17% as tariffs, fuel, and pricing concessions squeezed profits.
  • SEC settled for $3.9 million in 2024; shareholder investigations continue into 2026.
  • Integration failure at Searay or a sudden Asian-restaurant pullback kills HF Foods' acquisition strategy.

What makes HF Foods Group unique

  • HF Foods owns a niche Asian-restaurant distribution network mainstream giants ignore.
  • Mandarin-speaking sales teams and one-stop procurement deepen switching costs with immigrant restaurateurs.
  • ERP, route planning, and centralized buying create local density advantages across 16 sites.

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Funding

Total Funding

$265M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

Remote Work Options

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Mental Health Support

Phone/Internet Stipend

Home Office Stipend

Stock Options

Company Equity

Conference Attendance Budget

Professional Development Budget

Family Planning Benefits

Fertility Treatment Support

Adoption Assistance

Childcare Support

Relocation Assistance

Performance Bonus

Profit Sharing

Employee Stock Purchase Plan

Training Programs

Tuition Reimbursement

Professional Certification Support

Mentorship Program

Work From Home

Flexible Work Hours

Company News

Yahoo Finance
Aug 11th, 2026
HF Foods hits record $323.8M revenue, acquires Sea Ray Foods to expand into Canada

HF Foods Group reported record quarterly net revenue of $323.8 million in Q2 2026, driven by organic volume growth and improved seafood pricing. The company navigated industry headwinds including softer foot traffic, tariff pressures, and rising fuel costs that impacted adjusted EBITDA margins. The firm executed a definitive agreement to acquire Sea Ray Foods, marking its first international expansion into Canada. HF Foods expects the transaction to close in August 2026 and be immediately accretive to margins and EPS. The company refinanced and upsized its credit facilities, extending term loan maturities to 2036. It invested $20.3 million in capital expenditures during H1 2026, including purchasing a Chicago distribution centre. HF Foods maintains a long-term consolidated adjusted EBITDA margin target of 4.5% to 5% plus, prioritising volume gains and market share expansion for the remainder of 2026.

MarketBeat
Aug 11th, 2026
Hf Foods Group (NASDAQ:HFFG) announces quarterly earnings results.

Hf Foods Group (NASDAQ:HFFG) announces quarterly earnings results. August 11, 2026 Key points. * Hf Foods Group exceeded quarterly expectations, reporting earnings of $0.12 per share versus the $0.06 consensus and revenue of $323.8 million, up 2.8% year over year and marking its sixth consecutive quarter of growth. * Profitability remained pressured as gross margin fell to 17% and adjusted EBITDA declined 2% to $13.6 million, reflecting tariffs, fuel costs, weaker dine-in traffic and pricing concessions. * The company agreed to acquire Canadian seafood distributor Searay Foods for approximately $35 million and expanded its credit facility, providing liquidity for the deal and future acquisitions; analysts' consensus rating remains Hold with a $5.50 price target. * Five stocks to consider instead of Hf Foods Group. Hf Foods Group (NASDAQ:HFFG - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.06, FiscalAI reports. The company had revenue of $323.78 million during the quarter, compared to the consensus estimate of $320.54 million. Hf Foods Group had a positive return on equity of 6.94% and a negative net margin of 2.90%. Here are the key takeaways from Hf Foods Group's conference call: * Revenue reached a record $323.8 million, up 2.8% year over year and marking the sixth consecutive quarter of growth, driven by volume gains and improved seafood pricing. * Profitability remained under pressure, with gross margin declining to 17% and adjusted EBITDA falling 2% to $13.6 million as tariffs, fuel costs, softer dine-in traffic, and pricing concessions offset growth. * HF Foods agreed to acquire Canadian seafood distributor Searay Foods for approximately $35 million, or about 5x baseline adjusted EBITDA; management expects the mid-teens-margin business to be immediately accretive to margins and EPS, subject to closing conditions. * The company refinanced and expanded its credit facility, increasing revolver commitments to $140 million and extending maturities to 2031 and 2036, providing additional liquidity for the Searay deal and future acquisitions. * Southeast seafood volumes are increasing, while Charlotte's facility is expected to improve distribution efficiency in the fourth quarter; larger Midwest capacity benefits may not materialize until late 2026 or 2027. Hf Foods Group stock performance. HFFG stock traded up $0.25 during midday trading on Tuesday, hitting $1.81. 1,372,719 shares of the company traded hands, compared to its average volume of 221,740. Hf Foods Group has a twelve month low of $1.38 and a twelve month high of $3.87. The stock has a market capitalization of $96.78 million, a price-to-earnings ratio of -2.66, a price-to-earnings-growth ratio of 0.43 and a beta of 0.58. The company has a quick ratio of 0.49, a current ratio of 1.11 and a debt-to-equity ratio of 0.59. The business has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $1.84. Wall Street analysts forecast growth. Several equities analysts recently weighed in on HFFG shares. Roth Capital reaffirmed a "buy" rating on shares of Hf Foods Group in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Hf Foods Group from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday. Finally, Alliance Global Partners restated a "buy" rating on shares of Hf Foods Group in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.50. Discover more Company News Stocks & Bonds Institutional inflows and outflows. Several institutional investors have recently bought and sold shares of HFFG. Abel Hall LLC bought a new position in shares of Hf Foods Group in the fourth quarter worth about $26,000. Tower Research Capital LLC TRC lifted its holdings in shares of Hf Foods Group by 192.7% during the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company's stock worth $40,000 after buying an additional 8,197 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Hf Foods Group in the third quarter worth $39,000. Invesco Ltd. raised its stake in Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company's stock valued at $51,000 after purchasing an additional 4,351 shares during the last quarter. Finally, HRT Financial LP bought a new position in shares of Hf Foods Group during the 4th quarter worth about $40,000. Institutional investors own 24.02% of the company's stock. Hf Foods Group company profile. HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value-added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in-house manufacturing, procurement of specialty ingredients, and third-party distribution partnerships. The company's product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf-stable salsas, sauces, dips, spreads and snack items. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Hf Foods Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hf Foods Group wasn't on the list. While Hf Foods Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

TipRanks
Aug 1st, 2026
HF Foods Group Expands Long-Term Credit Facility Commitments

The amended agreement allows use of funds for working capital, general corporate purposes and permitted acquisitions, including a planned purchase of Searay Foods Inc., with a required $6.8 million term loan prepayment if that deal is not completed within 120 days. HF Foods is now subject to tighter leverage and liquidity covenants, fixed charge coverage requirements, and customary default provisions, signaling both enhanced financial flexibility and ongoing discipline for stakeholders under its long-term credit structure.

Undercurrent News
Jul 24th, 2026
HF Foods expands into Canada with $35m Searay acquisition.

HF Foods expands into Canada with $35m Searay acquisition. Want to keep reading? You're missing out. Join the global community relying on Undercurrent News for quality reporting. To continue reading us, simply

Associated Press
Jul 23rd, 2026
HF Foods Group to Acquire Searay Foods, a Highly Attractive Canadian Importer and Distributor of Ethnic and Specialty Seafood Products, Marking the Company's First International Expansion

Strategic entry into Canada through the Vancouver metro market, one of North America's premier specialty Asian foods markets with deep multicultural ties

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