Smithfield Foods — Third Quarter 2026 Earnings Summary

Smithfield Foods reported third-quarter fiscal 2026 sales of $3.4 billion, an 8.3% decrease from the prior year, while operating profit fell to $127 million from $310 million. The Packaged Meats segment delivered strong results with $230 million in operating profit, offsetting significant losses in the Fresh Pork and Hog Production segments due to softer commodity markets. The company completed its acquisition of Nathan's Famous and updated its full-year 2026 outlook to reflect a projected total adjusted operating profit between $900 million and $1 billion. Additionally, Smithfield maintains a strong balance sheet with $3.48 billion in available liquidity and anticipates a final quarterly dividend of $0.3125 per share for the fiscal year.