Smithfield Foods Reports Third Quarter Results
Smithfield Foods reported Q3 FY2026 sales of $3.4 billion, down 8.3% year-over-year, with diluted EPS of $0.23 versus $0.63 a year ago and adjusted EPS of $0.26 versus $0.58. The weakness is concentrated upstream: Fresh Pork swung to an $89 million operating loss and Hog Production profit fell 61%, while Packaged Meats grew operating profit 1.9% to $230 million with an 11.6% margin, on track for a fifth straight year above $1 billion. The company completed the Nathan's Famous acquisition on October 26, 2026, and updated its FY26 outlook for softer commodity markets, guiding total adjusted operating profit of $900 million to $1,000 million and low-single-digit sales decline.
Key figures
- Eps
- 0.23
- Revenue
- 3437000000
- Guidance
- FY26: total sales down low-single-digits; Packaged Meats adj. operating profit $1,090M-$1,140M; Fresh Pork adj. loss of $50M to breakeven; Hog Production adj. loss of $25M to profit of $25M; total adjusted operating profit $900M-$1,000M; capex $350M-$375M; effective tax rate 22.5%-24.5%
- Revenue Yoy
- -8.3%
- Adjusted eps
- 0.26
- Nine month sales
- 10937000000
- Operating profit
- 127000000
- Available liquidity
- 3481000000
- Annual dividend rate
- $1.25 per share
- Adjusted eps prior year
- 0.58
- Operating profit margin
- 3.7%
- Adjusted operating profit
- 145000000
- Net debt to adjusted ebitda
- 0.5x
- Operating cash flow nine months
- 365000000
- Packaged meats operating profit
- 230000000
AI analysis
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