Overview
- Smithfield beat quarterly forecasts, lifting shares nearly 4% in premarket trading, with sales of $4.23 billion and adjusted profit of 83 cents per share topping LSEG-tracked estimates.
- Packaged meat sales rose 4.3% in the quarter ended Dec. 28, while fresh pork gained 2.1%, as more households cooked at home to manage costs.
- The company said full-year sales should grow at a low single-digit rate in 2026.
- After a January IPO and the purchase of Nathan's Famous, leaders flagged a possible $1.3 billion upgrade to the Sioux Falls, South Dakota plant plus a target dividend of about $1.25 for 2026.
- Reuters put the Nathan's price near $450 million, while executives cited $102 per share on the call, which refers to the same deal scale.