Smithfield Foods down after full-year forecast cuts

Smithfield Foods

11/08/2026 10:45

** Shares of U.S. pork processor Smithfield Foods SFD.O down 3.4% at $23.60 premarket
** Co cut its annual total sales and adjusted operating profit forecasts on ongoing challenges including cautious consumer spending and higher input costs
** Now expects FY2026 sales to be roughly flat vs prior expectations of low-single-digit percentage growth
** Also sees adjusted operating profit between $1.23 billion and $1.38 billion, compared with its prior forecast of $1.33 billion to $1.48 billion
** Reports quarterly sales of $3.7 billion vs analysts estimates of $3.68 billion - data compiled by LSEG
** Logs Q2 adjusted EPS of 62 cents vs expectations of 60 cents
** As of last close, stock up 9.5% YTD
     

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))