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Smithfield Foods — Third Quarter 2026 Earnings Summary

  • Consolidated sales declined 8.3% year-over-year to $3.4 billion in Q3 2026, while diluted EPS fell to $0.23 from $0.63; full-year 2026 sales are expected to be down low-single-digits.
  • Operating profit dropped to $127 million from $310 million in the prior year quarter, driven by upstream segment losses in Fresh Pork and Hog Production due to lower commodity markets, though Packaged Meats profit rose to $230 million.
  • Full-year adjusted operating profit guidance remains $900 million to $1,000 million, with Packaged Meats projected to exceed $1 billion in operating profit for a fifth consecutive year.
  • The company completed the acquisition of Nathan's Famous and maintains a strong balance sheet with $3,481 million in liquidity and a net debt to adjusted EBITDA ratio of 0.5x.
  • Capital expenditures are forecast at $350 million to $375 million (excluding Sioux Falls facility investments), and the annual dividend rate is maintained at $1.25 per share.
Company
SMITHFIELD FOODS INC
Sector
Consumer Defensive
Industry
Packaged Foods