Every material Form 8-K SMITHFIELD FOODS INC has filed with the SEC since September 08, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Smithfield Foods reported fiscal third-quarter 2026 sales of $3.4 billion, down 8.3%, and operating profit of $127 million versus $310 million a year earlier. The company also updated its fiscal 2026 outlook, now calling for total adjusted operating profit of $900 million to $1 billion, and said the Nathan's Famous acquisition closed on October 26, 2026.
Q3 sales of $3.4 billion, down 8.3%; operating profit of $127 million vs. $310 million; adjusted operating profit of $145 million
Diluted EPS of $0.23 vs. $0.63 a year earlier; adjusted diluted EPS of $0.26 vs. $0.58
Packaged Meats operating profit rose to $230 million from $226 million, while Fresh Pork posted a $89 million loss
FY 2026 outlook: total adjusted operating profit of $900 million to $1 billion; Nathan's Famous acquisition closed October 26, 2026
Smithfield Foods entered a $600 million senior unsecured delayed draw term loan agreement on October 14, 2026, with Bank of America as administrative agent. The company expects to use the proceeds to redeem all outstanding 4.250% Senior Notes due 2027 on or after November 1, 2026, at 100% of principal plus accrued interest. The filing adds new debt but mainly refinances existing notes, and it sets borrowing costs tied to the company's credit rating.
Facility is $600 million, drawable once until December 23, 2026, with a three-year maturity from funding
Company expects to redeem the 4.250% Senior Notes due 2027 on or after November 1, 2026, at 100% of principal plus accrued interest
Interest is Term SOFR or alternate base rate plus a spread of 0.875% to 1.375%, based on the company's debt rating
Loan requires a debt-to-capitalization ratio of at most 50.0% (55.0% after a material acquisition) and interest coverage of at least 3.50 to 1.00
On September 8, 2026, Smithfield Foods updated its third quarter 2026 outlook ahead of the Barclays Global Consumer Staples Conference, citing further pressure on the fresh pork market spread and lower hog prices. The company now expects a Fresh Pork third quarter adjusted operating loss of $70 million to $90 million and total company third quarter adjusted operating income of $115 million to $175 million, while reaffirming its fiscal 2026 Packaged Meats outlook. Shareholders will receive updated full-year Fresh Pork, Hog Production and total company guidance with third quarter results.
Fresh Pork third quarter adjusted operating loss now expected at $70 million to $90 million, driven by industry spread compression.
Hog Production third quarter adjusted operating profit now expected at $25 million to $45 million, driven by lower hog prices.
Total company third quarter adjusted operating income expected at $115 million to $175 million.
Packaged Meats fiscal 2026 adjusted operating income outlook of $1.075 billion to $1.15 billion reaffirmed, unchanged from the prior range.
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