HF Foods Revenue Rises 4.1% on Acquisition

The distributor's third-quarter 2026 results reflect the Sea Ray Foods deal and fuel-cost pressures.

Updated on Nov. 11, 2026 in Corporate Finance

Bold flat-color editorial illustration of a plain white refrigerated delivery trailer at a loading dock beside stacked blue shipping containers and a diesel pump. — HF Foods reported third-quarter net revenue of $319.6 million on Nov. 9, up 4.1% year over year, after buying Canadian seafood distributor Sea Ray Foods. AI Illustration. Upload story photo >

HF Foods reported third-quarter 2026 net revenue of $319.6 million on Nov. 9, 2026, up 4.1% year over year. The company's results were shaped by its acquisition of Canadian seafood distributor Sea Ray Foods and by surging fuel prices.

Why it matters

Higher diesel costs raised distribution expenses, pressuring quarterly profitability for the food distributor. The company's response, including a fuel surcharge program, shows how it is attempting to pass some of those costs to customers.

HF Foods reported $319.6 million in third-quarter 2026 net revenue, a 4.1% increase from the prior year, alongside $23.6 million in operating cash flow for the nine months ended Sept. 30, 2026. The filing does not disclose quarterly profit margins or how fuel surcharge recovery will trend.

The players

HF Foods Group Inc.

HF Foods is a foodservice distributor serving Asian restaurants and grocers across the United States, with a substantial presence in Chicago and other major markets.

The details

HF Foods acquired Sea Ray Foods, Inc., a Canadian seafood distributor, which contributed $4.2 million in net revenue and $600 thousand in adjusted EBITDA in its first month under ownership. The company also purchased its key Chicago distribution facility, upgraded its sales software and extended its credit facility maturities to 2030.

Nine-month period ending Sept. 30, 2026: $23.6 million operating cash flow generated.
Nov. 9, 2026: HF Foods reported third-quarter 2026 earnings.
First month after acquisition: Sea Ray Foods contributed $4.2 million in net revenue.
2030: Extended maturity date for HF Foods' credit facilities.

Market Dynamics

Fuel-driven cost pressure on freight-dependent food distributors has pushed companies such as HF Foods toward surcharge programs to protect margins. HF Foods' acquisition of Sea Ray Foods signals an effort to expand footprint while those cost headwinds persist.

Investors tracking HF Foods should watch whether fuel surcharge revenue offsets distribution cost increases in upcoming quarters. The Sea Ray Foods contribution will be a key indicator of whether the Canadian acquisition adds meaningful earnings.

The takeaway

Rising fuel costs are testing how well food distributors can pass expenses to customers. HF Foods' results show acquisitions and surcharges as two levers companies are using at once.