Quarterly ResultApr 28, 2026, 04:31 AM
SFD Q1 Net Sales +0.8% to $3.8B; Adj. EPS $0.64; Dividend $0.3125
AI Summary
Smithfield Foods, Inc. reported strong first-quarter fiscal 2026 results, with net sales increasing 0.8% to $3.8 billion and adjusted operating profit rising 4.0% to a record $339 million. Adjusted diluted earnings per share grew to $0.64 from $0.58 in the prior year. The company's Packaged Meats segment drove performance with a 3.6% increase in operating profit. Smithfield also declared a quarterly cash dividend of $0.3125 per share and reaffirmed its full-year 2026 financial outlook.
Key Highlights
- Net sales increased 0.8% to $3.8 billion in Q1 2026.
- Adjusted operating profit rose 4.0% to $339 million, a first-quarter record.
- Adjusted diluted EPS was $0.64, up from $0.58 in Q1 2025.
- Packaged Meats operating profit grew 3.6% to $275 million.
- Hog Production operating profit surged 282.6% to $4 million.
- Declared a quarterly cash dividend of $0.3125 per share.
- Reaffirmed FY 2026 outlook for low-single-digit sales growth.
- Available liquidity of $3.683 billion, with net debt to adjusted EBITDA of 0.4x.