Earnings summaries and quarterly performance for SMITHFIELD FOODS.
Executive leadership at SMITHFIELD FOODS.
Board of directors at SMITHFIELD FOODS.
Research analysts who have asked questions during SMITHFIELD FOODS earnings calls.
HJ
Heather Jones
Heather Jones Research
7 questions for SFD
Also covers: ADM, BG, CALM +6 more
LJ
Leah Jordan
Goldman Sachs Group, Inc.
6 questions for SFD
Also covers: ACI, CAG, CALM +9 more
BT
Benjamin Theurer
Barclays Corporate & Investment Bank
5 questions for SFD
Also covers: ADM, BG, BYND +15 more
Peter Galbo
Bank of America
5 questions for SFD
Also covers: CAG, CL, CPB +23 more
Megan Clapp
Morgan Stanley
4 questions for SFD
Also covers: BRBR, CAG, CPB +14 more
TP
Thomas Palmer
Citigroup Inc.
4 questions for SFD
Also covers: ADM, BG, BRBR +14 more
MG
Manav Gupta
UBS Group
3 questions for SFD
Also covers: ADM, AMTX, BE +34 more
Megan Christine Alexander
Morgan Stanley
3 questions for SFD
Also covers: BC, CAG, COOK +15 more
BT
Ben Theurer
Barclays
2 questions for SFD
Also covers: ADM, CX, HRL +5 more
Jordan Lee
Goldman Sachs
2 questions for SFD
Also covers: CF, NTR
Max Gumport
BNP Paribas
2 questions for SFD
Also covers: CAG, FLO, GIS +10 more
YD
Yasmin Daswani
Bank of America
2 questions for SFD
Also covers: LW
Megan Alexander
Morgan Stanley
1 question for SFD
Also covers: BC, GOLF, HOG +5 more
Recent press releases and 8-K filings for SFD.
Smithfield Foods Reports Strong Financials and Outlines 2026 Growth Strategy
SFD
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Smithfield Foods reported $15.3 billion in sales and $1.6 billion in Adjusted EBITDA for the trailing 12 months ended September 2025, with its Packaged Meats segment generating $8.7 billion in sales and a 12.7% adjusted segment profit margin. The company achieved record adjusted operating profit each quarter of 2025 and raised its full-year guidance.
- The company maintains a strong balance sheet with $3.1 billion in liquidity and a net debt to Adjusted EBITDA ratio of 0.8x as of September 28.
- Smithfield Foods anticipates a strong outlook for 2026, expecting continued volume and share growth in its Packaged Meats business through innovation, evolving its product mix towards higher-margin value-added offerings, and further cost reductions.
- Vertical integration remains a core competitive advantage, with the Fresh Pork segment supplying approximately 80% of the raw material needs for Packaged Meats. The company aims to reduce internal hog production to just under 10 million head, representing about one-third of its requirements.
- The M&A strategy is opportunistic, focusing on bolt-on acquisitions to expand capacity and capabilities in the Packaged Meats segment, including potential vertical integration opportunities in Mexico.
Dec 10, 2025, 3:00 PM
Smithfield Foods Reports Strong 2025 Performance and Strategic Growth Initiatives
SFD
Guidance Update
New Projects/Investments
M&A
- Smithfield Foods (SFD) achieved $15.3 billion in sales and $1.6 billion in Adjusted EBITDA for the trailing 12 months ended September, delivering record adjusted operating profit each quarter of 2025 and raising full-year guidance.
- The packaged meats segment was a key driver, with $8.7 billion in sales and an adjusted segment profit margin of 12.7% for the trailing 12 months, growing 6% through the first nine months of 2025. The company plans to continue expanding margins in this segment through mix improvement, innovation, and cost reduction.
- SFD maintains a strong balance sheet with $3.1 billion of liquidity and a net debt to Adjusted EBITDA ratio of 0.8 times. The company returned to public markets with an IPO in January 2025 and is pursuing opportunistic M&A to enhance packaged meats capacity, including potential expansion in Mexico.
- SFD is strategically reducing its internal hog production, targeting approximately 10 million head (about one-third of its needs) in the medium term to ensure a quality supply for its fresh pork business.
Dec 10, 2025, 3:00 PM
Smithfield Foods Reports Strong 2025 Performance and Positive 2026 Outlook
SFD
Guidance Update
New Projects/Investments
M&A
- Smithfield Foods reported $15.3 billion in sales and $1.6 billion in Adjusted EBITDA for the trailing 12 months ended September, with its packaged meats segment achieving $8.7 billion in sales and a 12.7% adjusted segment profit margin. The company delivered record adjusted operating profit each quarter of 2025 and raised its full-year guidance.
- The outlook for 2026 is strong, with expectations for continued volume and share growth in packaged meats through innovation, a focus on high-margin value-added products, and anticipated favorable raw material costs.
- Smithfield's vertical integration provides a competitive advantage, supplying approximately 80% of its packaged meats raw material needs internally. The company also maintains a strong balance sheet with $3.1 billion in liquidity and a 0.8x net debt to Adjusted EBITDA ratio as of September 28.
- The company is strategically reducing internal hog production to under 11.5 million head by year-end and is pursuing opportunistic M&A to expand packaged meats capacity and capabilities, particularly in attractive markets like Mexico.
Dec 10, 2025, 3:00 PM
Smithfield Foods Discusses Strategic Growth and Bullish 2026 Outlook at Morgan Stanley Conference
SFD
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- Smithfield Foods, a vertically integrated pork producer, highlighted its "One Smithfield" operating model, which has led to a record net income year in Q3, demonstrating the effectiveness of its integrated system.
- The company's packaged meats business, producing 3 billion pounds annually across 14 brands, is strategically focused on growing profit through mix innovation, shifting towards higher-margin, everyday-use products.
- CEO Shane Smith conveyed a bullish outlook for 2026, expecting more moderated hog prices and lower raw material input costs for packaged meats due to a balanced hog industry and favorable grain complex.
- Smithfield plans to allocate approximately $400 million annually to capital expenditures, with half dedicated to automation, technology, and capacity expansion, and pursues a disciplined M&A strategy for opportunistic capacity additions, including potential expansion in Mexico.
Dec 3, 2025, 7:15 PM
Smithfield Foods Discusses 2026 Outlook and Strategic Initiatives
SFD
Guidance Update
New Projects/Investments
M&A
- Smithfield Foods, a vertically integrated pork producer, anticipates a strong 2026 with moderated hog prices and normalized grain costs, contributing to improved profitability across its segments.
- The company's "One Smithfield" operating model has driven a record net income in Q3, showcasing the effectiveness of its integrated system in managing profit migration across its hog production, fresh pork, and packaged meats businesses.
- Strategic growth in packaged meats focuses on higher-margin, everyday use products and leveraging its 14 brands and private label offerings to capture diverse consumer demand, supported by capacity expansion like the 50 million pounds of dry sausage capacity added through acquisition.
- Capital allocation includes approximately $400 million annually for reinvestment, with $200 million for automation, technology, and capacity expansion, alongside a disciplined M&A strategy targeting opportunistic acquisitions that address specific needs, such as the dry sausage acquisition at $0.80 per pound of capacity.
Dec 3, 2025, 7:15 PM
Smithfield Foods Discusses Record Q3 2025 Net Income and Bullish 2026 Outlook at Morgan Stanley Conference
SFD
Earnings
New Projects/Investments
M&A
- Smithfield Foods achieved a record net income in Q3 2025, attributing this success to its vertically integrated model where profits are optimized across segments. The company is bullish on its 2026 outlook, expecting normalized grain costs and moderated hog prices to enhance profitability, particularly in packaged meats.
- The "One Smithfield" operating model has driven significant operational improvements, including consolidating brands from 40 to 14 and integrating sales, ERP, and distribution, which has unlocked synergies and improved the overall earnings profile.
- The company's strategy in packaged meats focuses on profit growth through mix innovation, successfully shifting from low-margin products to higher-margin, everyday use items, resulting in market share gains and reduced promotional activity.
- Smithfield plans to invest approximately $400 million annually in capital, with $200 million allocated to automation, technology, and capacity expansion. Its M&A approach is opportunistic, exemplified by the dry sausage acquisition that added 50 million pounds of capacity at $0.80 per pound, significantly below new build costs.
Dec 3, 2025, 7:15 PM
Smithfield Foods Reports Record Q3 2025 Adjusted Operating Profit and Raises Full-Year Outlook
SFD
Earnings
Guidance Update
Demand Weakening
- Smithfield Foods reported record third-quarter 2025 adjusted operating profit of $310 million, an 8.5% increase year over year, with an 8.3% margin.
- Consolidated sales for Q3 2025 grew 12.4% to $3.7 billion, contributing to a record adjusted net income of $230 million and adjusted EPS of $0.58 per share.
- The company raised its fiscal year 2025 adjusted operating profit outlook to a range of $1.225 billion to $1.325 billion, a $25 million midpoint increase from prior guidance.
- The Packaged Meats segment achieved its second-highest third-quarter profit on record at $226 million, demonstrating resilience despite persistent higher raw material costs and a cautious consumer spending environment.
- Smithfield Foods expects to pay $1 per share in annual dividends for fiscal year 2025 and anticipates capital expenditures between $350 million to $400 million.
Oct 28, 2025, 1:00 PM
Smithfield Foods Reports Record Q3 2025 Adjusted Operating Profit and Raises FY 2025 Outlook
SFD
Earnings
Guidance Update
Demand Weakening
- Smithfield Foods (SFD) reported record third-quarter adjusted operating profit of $310 million, an 8.5% increase year over year, with consolidated sales reaching $3.7 billion, up 12.4%. Adjusted EPS rose 9.4% to $0.58 per share.
- The company raised its fiscal year 2025 adjusted operating profit outlook to a range of $1.225 billion to $1.325 billion, reflecting a $75 million increase from its original guidance.
- The Packaged Meats segment delivered $226 million in adjusted operating profit, while the Hog Production segment's adjusted operating profit more than doubled to $89 million, underscoring the benefit of its vertically integrated model in a challenging market.
- SFD maintains a strong balance sheet with a net debt to adjusted EBITDA ratio of 0.8 times and $3.1 billion in liquidity. Management acknowledged a cautious consumer spending environment but expects its diversified portfolio to mitigate impacts.
Oct 28, 2025, 1:00 PM
Smithfield Foods Reports Record Q3 2025 Profit and Raises Full-Year Outlook
SFD
Earnings
Guidance Update
New Projects/Investments
- Smithfield Foods reported record third-quarter 2025 adjusted operating profit of $310 million, an 8.5% increase year-over-year, with an adjusted EPS of $0.58 per share, up 9.4% from the prior year.
- The packaged meats segment delivered its second-highest third-quarter profit on record at $226 million, while the hog production segment's adjusted operating profit more than doubled to $89 million due to improved market conditions and operational performance.
- The company raised its fiscal year 2025 adjusted operating profit outlook to a range of $1.225 billion to $1.325 billion, representing a $25 million midpoint increase from the previous quarter's guidance.
- Capital expenditures for fiscal year 2025 are now expected to be between $350 million and $400 million, a reduction primarily due to the timing of projects shifting into 2026.
Oct 28, 2025, 1:00 PM
Smithfield Foods Reports Record Third Quarter 2025 Results and Raises Full-Year Outlook
SFD
Earnings
Guidance Update
Dividends
- Smithfield Foods reported record third quarter 2025 operating profit of $310 million, with net sales reaching $3.7 billion, a 12.4% increase from the prior year. Diluted earnings per share for the quarter were $0.63.
- For the first nine months of fiscal 2025, net sales were $11.3 billion (up 10.9% year-over-year) and diluted earnings per share were $1.68.
- The company increased its full-year fiscal 2025 adjusted operating profit outlook to a range of $1,225 million to $1,325 million, citing consistent execution and strong segment performance.
- As of September 28, 2025, Smithfield Foods maintained a strong financial position with $3,069 million in available liquidity and a net debt to adjusted EBITDA ratio of 0.8x. The company anticipates an annual dividend rate of $1.00 per share for fiscal year 2025.
Oct 28, 2025, 12:01 PM
Quarterly earnings call transcripts for SMITHFIELD FOODS.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more