Quarterly ResultAug 11, 2026, 04:31 AM
Smithfield Foods Q2 Operating Profit $290M; Updates FY26 Outlook
AI Summary
Smithfield Foods reported its fiscal second quarter and first half 2026 results, achieving a record first half operating profit of $623 million, up 7.1% year-over-year. Second quarter net sales were $3.7 billion, a 2.3% decrease, while operating profit grew 11.6% to $290 million, and net income increased 26.6% to $238 million. The company updated its full-year 2026 outlook, lowering sales and adjusted operating profit expectations due to ongoing macroeconomic pressures and cautious consumer spending, despite strong first-half performance. A quarterly cash dividend of $0.3125 per share was declared.
Key Highlights
- Q2 2026 Net sales were $3.7 billion, down 2.3% from Q2 2025.
- Q2 2026 Operating profit increased 11.6% to $290 million.
- Q2 2026 Net income attributable to Smithfield rose 26.6% to $238 million.
- Q2 2026 Diluted EPS was $0.60, up from $0.48 in Q2 2025.
- First Half 2026 Operating profit increased 7.1% to $623 million.
- First Half 2026 Net cash flows from operating activities increased $96 million to $204 million.
- FY 2026 Total Company sales outlook updated to roughly flat (previously up low-single-digits).
- FY 2026 Total Company adjusted operating profit outlook revised to $1,225M-$1,375M (previously $1,325M-$1,475M).
Price Impact
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