Smithfield Foods profit falls to $127 million in Q3
Key points
- Smithfield Foods (NASDAQ:SFD) reported fiscal third-quarter sales of $3.4 billion, down 8.3% year over year, while operating profit fell to $127 million from $310 million.
- Packaged Meats operating profit increased to $230 million from $226 million, while Fresh Pork recorded an $89 million operating loss.
- Smithfield completed its Nathan’s Famous acquisition on October 26, 2026, and expects fiscal 2026 adjusted operating profit of $900 million–$1 billion.
Smithfield Foods (NASDAQ:SFD) reported fiscal third-quarter operating profit of $127 million, down from $310 million a year earlier, as sales fell 8.3% to $3.4 billion for the quarter ended September 27, 2026.
Diluted earnings per share declined to $0.23 from $0.63 in the same quarter last year, reflecting weaker overall operating results.
Smithfield reported that Packaged Meats operating profit increased to $230 million from $226 million, while Fresh Pork recorded an operating loss of $89 million.
The company expects fiscal 2026 sales to decline by a low-single-digit percentage and forecasts adjusted operating profit of $900 million–$1 billion, while anticipating continued commodity cost pressure in the fourth quarter.
Smithfield generated $365 million in operating cash flow during the first nine months of fiscal 2026, an increase of $244 million year over year, and reported available liquidity of $3.481 billion at quarter-end.
The company completed its acquisition of Nathan’s Famous on October 26, 2026, adding the hot dog and restaurant brand to its existing packaged meat business.
Smithfield produces and sells pork products, including fresh pork and packaged meats, and its latest results show differing performance across its operating segments alongside continued pressure on its full-year outlook.
