SMITHFIELD FOODS INC (SFD) Form 8-K — Oct 27, 2026
Smithfield Foods reported Q3 fiscal 2026 sales of $3.4 billion, down 8.3% YoY, with operating profit collapsing 59% to $127 million as lower pork commodity markets pushed the Fresh Pork segment to an $89 million operating loss. Diluted EPS fell to $0.23 from $0.63 a year ago, though adjusted EPS of $0.26 landed within the range the company provided in September. The bright spot is Packaged Meats, where operating profit rose to $230 million with an 11.6% margin, keeping the segment on track for its fifth consecutive year above $1 billion in operating profit. The company also closed its acquisition of Nathan's Famous on October 26, 2026, bolstering its brand portfolio.
Key figures
- Eps
- 0.23
- Revenue
- 3437000000
- Guidance
- FY2026: total sales down low-single-digits vs FY2025; total adjusted operating profit $900M-$1,000M; Packaged Meats adjusted operating profit $1,090M-$1,140M; Fresh Pork adjusted results loss of $50M to breakeven; Hog Production loss of $25M to profit of $25M; capex $350M-$375M; effective tax rate 22.5%-24.5%
- Net Income
- 91000000
- Total Debt
- 2004000000
- Revenue Yoy
- -8.3%
- Total Assets
- 12152000000
- Cash Position
- 1178000000
- Shares Outstanding
- 393800826
- Adjusted eps q3
- $0.26 vs $0.58
- Nine month sales
- $10.9 billion, down 3.2%
- Available liquidity
- $3,481 million
- Operating profit q3
- $127 million vs $310 million (-59.1%)
- Annual dividend rate
- $1.25 per share
- Net debt to adjusted ebitda
- 0.5x
- Adjusted operating profit q3
- $145 million vs $310 million
- Fresh pork operating loss q3
- -$89 million
- Operating cash flow nine months
- $365 million, up $244 million
- Packaged meats operating profit q3
- $230 million (11.6% margin) vs $226 million (10.8% margin)
AI analysis
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