Quarterly ResultAug 11, 2026, 08:11 AM
Smithfield Foods Reports Record H1 Operating Profit; Lowers FY26 Outlook
AI Summary
Smithfield Foods, Inc. announced its second quarter and first half fiscal 2026 results, reporting a record first half operating profit of $623 million, up 7.1% year-over-year. The company's Q2 net income attributable to Smithfield increased 26.6% to $238 million, with diluted EPS rising to $0.60. Despite strong performance, Smithfield Foods updated its full-year 2026 outlook, lowering expectations for total company sales and adjusted operating profit across all segments due to macroeconomic pressures.
Key Highlights
- Reported record First Half Operating Profit of $623 million, up 7.1% from the first half of 2025.
- Second Quarter Net Income attributable to Smithfield increased 26.6% to $238 million.
- Second Quarter Diluted EPS rose to $0.60, compared to $0.48 per share in the prior year.
- Declared a quarterly cash dividend of $0.3125 per share, payable August 27, 2026.
- Updated FY26 Total Company sales outlook to be roughly flat, previously up low-single-digits.
- Revised FY26 Total Company adjusted operating profit outlook to $1,225 million-$1,375 million.
- Packaged Meats FY26 adjusted operating profit outlook lowered to $1,075 million-$1,150 million.
- Hog Production FY26 adjusted operating profit outlook lowered to $75 million-$125 million.
Price Impact
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