Quarterly ResultApr 28, 2026, 08:08 AM
SFD Q1 Net Sales +0.8% to $3.8B; Operating Profit +3.4%; EPS $0.62
AI Summary
Smithfield Foods, Inc. reported record first-quarter fiscal 2026 results, with net sales increasing 0.8% to $3.8 billion and operating profit rising 3.4% to $333 million. Adjusted diluted earnings per share grew to $0.64 from $0.58 in the prior year. The company reaffirmed its full-year 2026 financial outlook and declared a quarterly cash dividend of $0.3125 per share.
Key Highlights
- Net sales increased 0.8% to $3.8 billion for Q1 2026.
- Operating profit rose 3.4% to $333 million for Q1 2026.
- Diluted EPS was $0.62, up from $0.57 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 total company sales up low-single-digits.
Price Impact
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