Corrected: Smithfield Foods cuts its annual forecasts
11/08/2026 09:36
CORRECTED-Smithfield Foods cuts its annual forecasts Corrects paragraph 3 to say billion throughout instead of million
Aug 11 (Reuters) - Smithfield Foods SFD.O cut its annual total sales and its annual adjusted operating profit forecasts on Tuesday, hurt by weak consumer demand for its pork products amid challenging macroeconomic environment.
The company now expects fiscal 2026 sales to be roughly flat, compared with its prior expectations of low-single-digit growth.
It also expects adjusted operating profit between $1.23 billion and $1.38 billion, compared with prior forecast of $1.33 billion to $1.48 billion.
(Reporting by Koyena Das in Bengaluru)