Pork processor Smithfield Foods falls after input costs warning due to Middle East conflict

Smithfield Foods

28/04/2026 15:31

** Shares of U.S. pork processor Smithfield Foods SFD.O fall 6% to $26.91 in early trading

** Company warns of pressures on freight, packaging, and agricultural input costs due to the Iran war

** Relying on pricing, cost control and hedging to manage higher costs due to the conflict in the Middle East - executives say on a post-earnings call

** Company also delays timeline to close its $450 million acquisition of U.S. hot dog maker Nathan's Famous to second half of 2025 due to the ongoing partial U.S. government shutdown

** Still, SFD tops Q1 sales and profit estimates and sticks to annual forecasts, helped by steady demand for packaged meat products

** Stock up 44% in the last 12 months; SFD went public in January 2025

 (Reporting by Juveria Tabassum)

 ((Juveria.Tabassum@thomsonreuters.com;))