Smithfield Foods reports Q3 FY26 results, cuts full‑year outlook and completes Nathan’s acquisition
Smithfield Foods announced third‑quarter fiscal 2026 results on Oct. 27, 2026. Consolidated sales fell 8.3% year‑over‑year to $3.4 billion and adjusted diluted EPS dropped to $0.26. Packaged Meats profit rose to $230 million, while Fresh Pork and Hog Production posted losses, prompting the company to lower its FY2026 adjusted operating‑profit guidance to $900 million‑$1 billion and to expect a low‑single‑digit decline in sales. The quarter also marked the completion of the acquisition of Nathan’s Famous, which management said is accretive to earnings.
Why it matters
The company’s reduced FY2026 adjusted operating‑profit range and sales outlook signal lower earnings potential for shareholders, as noted in the earnings release. The acquisition of Nathan’s expands the Packaged Meats portfolio, but the pork‑segment headwinds may weigh on near‑term profitability, affecting valuation models.
Key facts
- 1Consolidated third‑quarter sales were $3.4 billion, down 8.3% YoY. stocktitan.net
- 2Adjusted diluted EPS for the quarter was $0.26, down from $0.58 YoY. stocktitan.net
- 3Adjusted operating profit was $145 million, down from $310 million YoY. stocktitan.net
- 4Packaged Meats operating profit was $230 million, up from $226 million YoY. stocktitan.net
- 5Fresh Pork sales declined 17% to $1.81 billion and posted an $89 million operating loss. investing.com
- 6Hog Production sales fell 15% to $691 million, with adjusted operating profit of $34 million. investing.com
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.