Earnings ·
Smithfield Reports Q3 EPS of $0.23, Down from $0.63, as Operating Profit Falls to $127M
SFDSmithfield Foods Inc
Smithfield Foods reported third-quarter fiscal 2026 sales of $3.4 billion, an 8.3% decline year-over-year, driven by softer commodity markets in its Fresh Pork and Hog Production segments. Consolidated operating profit dropped to $127 million from $310 million, with diluted earnings per share falling to $0.23 compared to $0.63 in the prior-year period. The Packaged Meats segment remained resilient, delivering an operating profit of $230 million and maintaining its streak of over $1 billion in annual operating profit. The company also completed its acquisition of Nathan’s Famous and updated its full-year outlook, projecting total adjusted operating profit between $900 million and $1 billion. Smithfield Foods is a leading American food company specializing in value-added packaged meats and fresh pork products.