Smithfield Foods Q1 net sales beat on packaged meats performance

Smithfield Foods

28/04/2026 09:39

Overview

U.S. packaged meats producer's fiscal Q1 net sales rose 0.8%, beating analyst expectations

Adjusted diluted EPS for fiscal Q1 increased to $0.64 from $0.58 last year

Company cites record Q1 results driven by packaged meats segment and disciplined execution

Outlook

Smithfield sees FY 2026 sales up low-single-digits vs FY 2025

Company expects FY 2026 adjusted operating profit of $1.325 bln to $1.475 bln

Packaged Meats segment FY 2026 adjusted operating profit seen at $1.1 bln to $1.2 bln

Result Drivers

PACKAGED MEATS PERFORMANCE - Co said record Q1 results were led by strong performance in Packaged Meats segment

COST MANAGEMENT - Co said it is actively managing inflationary input costs and consumer spending trends

OPERATIONAL DISCIPLINE - Co attributed profit growth to disciplined execution and actions to drive profitable growth

Company press release: ID:nGNX3M3MX3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Sales
Beat
$3.80 bln
$3.70 bln (4 Analysts)
Q1 Operating Income
$333 mln
Q1 Operating Income Margin
8.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy"

Wall Street's median 12-month price target for Smithfield Foods Inc is $31.00, about 7.9% above its April 27 closing price of $28.73

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)