Smithfield Foods Reports Third Quarter Results
Key Highlights
- ➤Packaged Meats Q3 operating profit $230 million, up from $226 million year-over-year
- ➤Q3 sales $3.4 billion, down 8.3% year-over-year
- ➤FY 2026 adjusted operating profit outlook $900 million-$1,000 million
- ➤Nathan’s Famous acquisition completed October 26, adding approximately two months to FY 2026 results
- ➤FY 2026 Packaged Meats adjusted operating profit outlook $1,090 million-$1,140 million
Expert Statements
Shane Smith, President and CEO of Smithfield Foods
“We reported third quarter adjusted operating profit within the range we provided in September, led by strong results in our cornerstone Packaged Meats segment, with our upstream segments challenged by lower pork commodity markets.”
Shane Smith, President and CEO of Smithfield Foods
“Packaged Meats remains on track to deliver its fifth consecutive year above $1 billion in operating profit in fiscal 2026.”
Shane Smith, President and CEO of Smithfield Foods
“The completion of the Nathan’s Famous acquisition further strengthens our brand portfolio and expands our opportunities for profitable growth.”
Shane Smith, President and CEO of Smithfield Foods
“While we expect commodity market pressure in our upstream businesses to continue in the fourth quarter, our teams remain focused on navigating this environment with operational discipline.”
Shane Smith, President and CEO of Smithfield Foods
“We have a strong balance sheet and solid cash generation, giving us the financial flexibility to support our dividend and reinvest in the business, driving shareholder value and positioning Smithfield for long-term growth.”
* Packaged Meats Delivers Higher Q3 Operating Profit YoY; on Track for Fifth Consecutive Year Above $1 Billion in Operating Profit * Company Completes Nathan’s Famous Acquisition, Bolstering its Packaged Meats Brand Portfolio * Company Updates FY 2026 Outlook to Reflect Strong Packaged Meats Performance and Softer Commodity Markets * Strong Balance Sheet and Improved Cash Generation Support Continued Investment and Capital Allocation Priorities SMITHFIELD, Va., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (Nasdaq: SFD), an American food company and an industry leader in value-added packaged meats and fresh pork, today reported results for its fiscal 2026 third quarter ended September 27, 2026.
Third Quarter Fiscal 2026 Financial Highlights * Sales of $3.4 billion, down 8.3% from the third quarter of fiscal 2025 * Operating profit of $127 million, compared to $310 million in the third quarter of fiscal 2025; adjusted operating profit((1)) of $145 million, compared to $310 million in the third quarter of fiscal 2025 * Operating profit margin of 3.7%, compared to 8.3% in the third quarter of fiscal 2025; adjusted operating profit margin((1)) of 4.2%, compared to 8.3% in the third quarter of fiscal 2025 * Packaged Meats operating profit of $230 million, compared to $226 million in the third quarter of fiscal 2025 * Packaged Meats operating profit margin of 11.6%, compared to 10.8% in the third quarter of fiscal 2025 * Diluted earnings per share of $0.23, compared to $0.63 in the third quarter of fiscal 2025; adjusted diluted earnings per share((1)) of $0.26, compared to $0.58 in the third quarter of fiscal 2025 First Nine Months Fiscal 2026 Financial Highlights * Sales of $10.9 billion, down 3.2% from the first nine months of fiscal 2025 * Operating profit of $750 million, compared to $892 million for the first nine months of fiscal 2025; adjusted operating profit((1) )of $783 million, compared to $934 million for the first nine months of fiscal 2025 * Operating profit margin of 6.9%, compared to 7.9% for the first nine months of fiscal 2025; adjusted operating profit margin((1)) of 7.2%, compared to 8.3% for the first nine months of fiscal 2025 * Packaged Meats operating profit of $770 million, compared to $792 million for the first nine months of fiscal 2025; Packaged Meats adjusted operating profit((1)) of $770 million, compared to $787 million for the first nine months of fiscal 2025 * Packaged Meats operating profit margin of 12.5%, compared to 12.8% for the first nine months of fiscal 2025; Packaged Meats adjusted operating profit margin((1)) of 12.5%, compared to 12.7% for the first nine months of fiscal 2025 * Diluted earnings per share of $1.45, compared to $1.68 for the first nine months of fiscal 2025; adjusted diluted earnings per share(()(1)()) of $1.52, compared to $1.72 for the first nine months of fiscal 2025 * Net cash flows from operating activities of $365 million, up $244 million from the first nine months of fiscal 2025 ________________________
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