Smithfield Foods touts “record” Q1 profits

Dean Best

Tue, April 28, 2026 astatine 8:15 AM CDT 2 min read

Smithfield Foods contiguous (28 April) booked “record” underlying operating profits for the archetypal 4th of its fiscal year.

The listed US pork major, inactive bulk owned by China's WH Group, pointed to a “strong performance” from its packaged meats business.

“We delivered grounds first‑quarter results done disciplined execution crossed the business,” president and CEO Shane Smith said. “Adjusted operating nett reached a first‑quarter record, underscoring the spot of our vertically integrated model.”

In the archetypal quarter, which ran to 29 March, Smithfield generated an operating nett of $333m, up 3.4% connected a twelvemonth earlier. Adjusted operating nett accrued 4% to $339m.

Packaged meats, which accounts for a bulk of Smithfield’s income and profits, saw its operating nett turn 3.6% to $275m.

The group’s nett income inched up 0.8% to $3.8bn. Sales from packaged meats roseate 6.2% to $2.15bn. However, Smithfield’s fresh-pork part saw its income dip 1.1% to $2bn. Sales from hog accumulation slid 17.5% to $769m.

Smithfield stuck to its outlook for its 2026 fiscal year, a acceptable of forecasts it outlined past month. It is predicting its income volition emergence astatine a “low-single-digit” complaint this twelvemonth compared to the $15.5bn successful generated successful 2025.

The institution is forecasting its adjusted operating nett volition beryllium betwixt $1.33bn and $1.48bn. Last year, that metric reached $1.37bn.

Smithfield’s outlook for 2026 includes 53 weeks of results and excludes some the interaction of its projected Nathan’s Famous acquisition and its concern successful a caller processing installation successful South Dakota.