Smithfield Foods gains on annual sales, profit forecasts

Smithfield Foods

25/03/2025 13:01

** Shares of pork processor Smithfield Foods SFD.O up 2.3% at $20.05 premarket

** Co forecasts growth in annual sales and adjusted operating profit, helped by strong demand for packaged meats at grocery stores and benefits from its cost-cutting measures

** Expects fiscal 2025 adjusted operating profit to be between $1.10 billion and $1.30 billion, above $1.12 billion it reported for 2024

** Expects total annual net sales to rise in the low- to mid-single-digit percentage range, compared with a 3.4% fall reported in fiscal 2024

** Shares have fallen about 5% since co went public on Jan. 28

 (Reporting by Juveria Tabassum in Bengaluru)

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