NEW YORK, May 30, 2026, 10:06 (EDT)
HF Foods Group Inc. shares fell 3.94% on Friday to close at $1.95, wrapping a down week for the stock as the holiday-shortened U.S. trading week left the Nasdaq-listed firm off 2.99% over five sessions. Year-to-date, shares have dropped 9.3%, according to market data.
That’s more important now as HF Foods is a small-cap—market cap is around $105 million and volume Friday was 88,851 shares. With a stock this size, end-of-week selling can have a bigger effect than on some of the bigger food distributors.
U.S. cash markets didn’t trade Saturday. The Nasdaq sticks to its normal hours, open Monday to Friday from 9:30 a.m. to 4 p.m. Eastern. Last week was a short one with the market closed for Memorial Day on May 25.
HFFG’s week saw uneven trading. The stock finished at $2.01 ahead of the long weekend, jumped up to $2.10 Tuesday, stuck at $2.03 for the next two sessions, then dropped down to $1.95 on Friday.
The stock trailed the top U.S. foodservice distributors. US Foods finished up 0.8% Friday, Performance Food Group added 1.0%. Sysco dipped 0.1%. They’re broadline distributors—the comparison isn’t exact. Reuters says HF Foods mainly serves Asian restaurants and other foodservice groups, running about 16 distribution centers, three cross-docks, and more than 400 vehicles.
HF Foods’ first quarter earnings are still in focus. The company said on May 11 that net revenue was up 4.5% at $312.0 million. GAAP net income came in at $1.4 million. Adjusted EBITDA, which takes out interest, taxes, depreciation, amortization, and some other items, rose 3.8% to $10.1 million. CEO Felix Lin said, “near-term cost pressures persist,” but added the company is making moves on sales, tech and facility upgrades. GlobeNewswire
On the earnings call, management got questions from analysts about margin and fuel costs. Aaron Grey from A.G.P./Alliance Global Partners wanted details on gross margin and fuel. Daniel Harriman at Sidoti & Co. focused on Charlotte and Southeast distribution. Bill Kirk of ROTH Capital Partners asked if higher fuel prices were hurting restaurant traffic. Lin said traffic wasn’t down “in a material way,” while CFO Paul McGarry said they’re targeting “purchasing discipline, route and warehouse efficiency and tighter cost control.”
Cost is the risk here. HF Foods’ first-quarter gross margin dropped to 16.2% from 17.1% last year. The filing cited more sales of lower-margin seafood and higher landed costs. The company said average fuel prices in 2026 were up 13.6% from 2025, and it mostly does not hedge diesel. HF Foods also said its disclosure controls were not effective because of material weaknesses, control problems big enough to make reporting a real risk.
HF Foods saw a fresh ownership disclosure late Tuesday. Zhou Min Ni now lists beneficial ownership of 3.56 million HF Foods shares, or 6.7%, per a Schedule 13D/A filing. That amended disclosure notes Ni has not traded the common stock during the last 60 days.
HF Foods is on the calendar for the TD Cowen Future of the Consumer Conference in New York on Tuesday, June 2, where management will be meeting with investors one-on-one. HF Foods also has investor meetings lined up at a D.A. Davidson event in Nashville on June 11.
HF Foods stock starts the week close to Friday’s low. How shares trade at Monday’s open could show if the drop was just low-volume action after a short week or signals a new view on margins, fuel expenses and how quickly the company is rolling out new facilities.
