SFD News & Events

Backs FY26 adjusted operating profit view $1.33B-$1.48B. Backs FY26 capital expenditures view $350M-$450M. Backs FY26 effective tax rate view 22.5%-24.5%. The company's outlook for 2026 includes 53 weeks of results. The outlook excludes the impact of the proposed Nathan's Famous acquisition and investment in the new processing facility in Sioux Falls, South Dakota. Smith added, "We are actively managing inflationary input costs and consumer spending trends, and our record first-quarter results support our confidence in our outlook for 2026. Our strong balance sheet and cash flow generation give us the flexibility to invest behind our strategic priorities and continue driving profitable growth and long-term shareholder value."

Reports Q1 revenue $3.8B, consensus $3.7B. "We delivered record first-quarter results through disciplined execution across the business, led by strong performance in Packaged Meats," said Smithfield President and CEO Shane Smith. "Adjusted operating profit reached a first-quarter record, underscoring the strength of our vertically integrated model. This performance reflects the actions our team is taking to drive profitable growth while navigating a dynamic operating environment."

Smithfield Foods announced a new integrated agency team. "This is an exciting moment for our brands," said Brendan Smith, chief marketing officer at Smithfield Foods. "We have long been part of how people prepare, gather and share meals. This partnership builds on that legacy while accelerating creative momentum, expanding how our brands show up where consumers live, play and shop, and strengthening Smithfield's leadership in innovation across the categories and markets we serve."