Smithfield Foods Q3 profit falls 59% as sales drop 8.3%; updates 2026 outlook
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.