Overview
- Smithfield reported first‑quarter sales of $3.80 billion and adjusted earnings of $0.64 per share, topping Wall Street estimates compiled by LSEG.
- Adjusted operating profit hit a first‑quarter record at $339 million, supported by price moves, lower feed costs, and a scaled‑back hog production footprint.
- Packaged meats sales rose 6.2% as shoppers cooked more at home and leaned into store brands, while fresh pork revenue slipped 1.1%.
- The company reaffirmed fiscal 2026 guidance for low‑single‑digit sales growth and adjusted operating profit of $1.33 billion to $1.48 billion, reflecting a 53‑week year.
- The outlook excludes the proposed Nathan’s Famous acquisition and a planned South Dakota processing plant disclosed in recent company updates.