SMITHFIELD FOODS INC

Smithfield Foods' brand Eckrich announced a new partnership with the Big Ten Conference, becoming its Official Smoked Sausage and Deli Meat Partner. This collaboration expands Eckrich's long-standing support of college athletics across various sports, not just football. The brand will launch a new creative platform, "A House United," featuring campus tailgates and year-round activations, and will also collaborate with the College Football Playoff Foundation on six "Extra Yard for Teacher Makeovers" in K-8 schools within Big Ten university communities.

Smithfield Foods announced an agreement to acquire Nathan's Famous, Inc. for $102.00 per share in cash, expected to close in the second half of 2026. For the second quarter ended June 28, 2026, net income attributable to Smithfield increased to $238 million ($0.61 EPS) from $188 million ($0.48 EPS) in the prior year. Sales for the quarter were $3.70 billion, a slight decrease from $3.79 billion, while operating profit rose to $290 million from $260 million. The company also continued restructuring efforts, including closing its Springfield, MA facility.

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.

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.

Smithfield Foods has partnered with Feed the Children to launch a series of three Resource Rallies aimed at helping families prepare for the upcoming school year. Smithfield is contributing $100,000 and thousands of pounds of protein, including ham, bacon, and lunchmeat, to the initiative. The rallies, starting in Nashville, Tennessee, and continuing in Denison, Iowa, and Kinston, North Carolina, will support approximately 400 families each by providing food, essential hygiene items, and school supplies. This effort builds on a three-year partnership between the organizations, with Smithfield having donated over 340 million servings of protein since 2008.

Smithfield Foods, Inc. announced that its Board of Directors has approved a quarterly dividend payment. Shareholders will receive $0.3125 per share of common stock. The dividend is scheduled to be paid on August 27, 2026, to shareholders of record as of the close of business on August 13, 2026.

Smithfield Foods, Inc. announced that its financial results for the fiscal year 2026 second quarter will be released before market open on Tuesday, August 11, 2026. The company will host a conference call at 9:00 a.m. Eastern Time on the same day to discuss these results. A live audio webcast and related materials will be available on the company's investor relations website, with a recorded replay accessible until August 18, 2026.

Smithfield Culinary's new research reveals that meat quality and portion size are critical drivers of consumer satisfaction, perceived value, and restaurant recommendations for sandwiches ordered away from home. The survey of 2,000 U.S. consumers found that 87% believe deli meat quality can make or break a sandwich, and 78% are annoyed by skimped portions. These findings highlight a significant opportunity for foodservice operators to enhance sandwich menus by prioritizing expertly prepared meats, as emphasized by Smithfield Culinary's senior director of marketing.

Smithfield Foods made a $150,000 contribution to Operation Homefront, a national military nonprofit, to support military and veteran families. The investment will fund two cornerstone initiatives: Transitional Homes for Veterans and Holiday Meals for Military®. This donation is part of Smithfield's "Helping Our Heroes" program, demonstrating its commitment to supporting military families.

Smithfield Foods, Inc. (SFD) announced its Board of Directors approved a quarterly dividend payment of $0.3125 per share of common stock. The dividend will be paid on May 28, 2026, to shareholders of record at the close of business on May 14, 2026.