Hong Kong's WH Group H1 revenue rises on packaged meat growth in China, Europe

WH

28/08/2026 09:48

Overview
Hong Kong pork producer's half-year revenue rose 3.3% on higher packaged meat sales
Operating profit fell 2.2% due to weak hog production in Europe and China
Net income attributable to owners rose 6.6% year-over-year

Outlook
WH Group targets construction of its New Sioux Falls Facility from H1 2027, with production due by end-2028 and investment of up to $1.3 bln
WH Group expects to complete its acquisition of Nathan's Famous for $102 per share in cash in H2 2026, subject to shareholder and CFIUS approval

Result Drivers
PACKAGED-MEAT GROWTH – Revenue rose 6.9% as China expanded emerging channels and customers, while Wolf Group added European sales and premium products
PORK PROFIT PRESSURE – Pork operating profit fell 31.0%, as low hog prices and animal diseases hurt China and lower prices plus higher costs squeezed Europe

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$13.83 bln
 
H1 Net Income Attributable
 
$773 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and 1 "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 WH Group Limited is HK$11.00, about 39% above its August 27 closing price of HK$7.92
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Aug 26 - China's COFCO Joycome Foods posts H1 loss due to lower hog prices 
Aug 26 - Denmark's FirstFarms H1 EBITDA drops on low pig prices, drought
Aug 27 - Hormel Foods cuts annual sales forecast as sluggish consumer demand weighs

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(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.)