We model 1Q:26 sales of $302.9 million, up 1.5% versus the prior year period, and adjusted EPS of $0.06 compared to $0.07 in 1Q:25. HF Foods continues executing its transformation initiatives while navigating a challenging macro and operating environment characterized by tariff-related uncertainty, competitive pricing pressure, and uneven foodservice traffic. We maintain our 2026 and 2027 estimates for sales of $1.255 billion and $1.300 billion and adjusted EPS of $0.35 and $0.60, respectively. A more gradual pace of margin recovery and ongoing cost pressures inform our near-term estimates. Investments in distribution capacity, systems integration, and cross-selling capabilities support our longer-term outlook. The Atlanta distribution center became operational in January 2026, with Phase 2 cold storage expansion expected to launch in the second half of 2026. The Charlotte facility renovation is largely complete with final permits imminent and operations expected in 2Q:26. HF Foods ended 2025 with $8.6 million in cash and access to approximately $61.2 million in additional liquidity under its $125 million revolving credit facility, with total debt of $106.1 million at year-end. Management continues to emphasize a disciplined approach to capital allocation, in our view. We maintain our $6 price target on HFFG shares, based on 10x our 2027 EPS estimate of $0.60. Our multiple is below the average of HFFG's six closest peers and reflects our view that the peer set consists of traditional food distributors with larger footprints and histories of sustained earnings power. Recent progress in the company's transformation, improved purchasing scale, and estimated long-term earnings power support our moderate risk rating.