Smithfield Foods Q1 Profit Rises, Confirms FY26 Outlook - Update
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Smithfield Foods Inc. reported a rise in Q1 profit and reaffirmed its FY26 outlook, expecting low-single-digit sales growth compared to FY25. Q1 net income was $246 million ($0.62/share), up from $224 million ($0.57/share) last year. Adjusted earnings were $251 million ($0.64/share). Operating profit increased by 3.4% to $333 million, with an operating margin of 8.7%. Net sales rose 0.8% to $3.800 billion. Capital expenditures are projected between $350 million and $450 million, excluding the impact of the proposed Nathan's Famous acquisition.
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