Smithfield Foods Inc
NASDAQ:SFD
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Smithfield Foods Inc
Smithfield Foods Inc is a US-based company operating in Food Products industry. The company is headquartered in Smithfield, Virginia and currently employs 34,000 full-time employees. The company went IPO on 2025-01-28. Smithfield Foods, Inc. is an American food company, which is focused on packaged meats and fresh pork products. The firm markets its products under a portfolio of brands including Smithfield, Eckrich and Nathan’s Famous, among many others. The company operates through three segments: Packaged Meats, Fresh Pork, and Hog Production. The Packaged Meats segment consists of its U.S. operations that process fresh meat into a variety of packaged meat products, including bacon, sausage, hot dogs, deli and lunch meats, dry sausage products, ham products, ready-to-eat products and prepared foods. The Fresh Pork segment consists of its U.S. operations that process live hogs into a variety of primal, sub-primal and offal products, such as bellies, butts, hams, loins, picnics and ribs. The Hog Production segment consists of its hog production operations in the United States, which produce and raise hogs on numerous Company-owned farms and farms that are owned and operated by third-party contract farmers.
Smithfield Foods Inc is a US-based company operating in Food Products industry. The company is headquartered in Smithfield, Virginia and currently employs 34,000 full-time employees. The company went IPO on 2025-01-28. Smithfield Foods, Inc. is an American food company, which is focused on packaged meats and fresh pork products. The firm markets its products under a portfolio of brands including Smithfield, Eckrich and Nathan’s Famous, among many others. The company operates through three segments: Packaged Meats, Fresh Pork, and Hog Production. The Packaged Meats segment consists of its U.S. operations that process fresh meat into a variety of packaged meat products, including bacon, sausage, hot dogs, deli and lunch meats, dry sausage products, ham products, ready-to-eat products and prepared foods. The Fresh Pork segment consists of its U.S. operations that process live hogs into a variety of primal, sub-primal and offal products, such as bellies, butts, hams, loins, picnics and ribs. The Hog Production segment consists of its hog production operations in the United States, which produce and raise hogs on numerous Company-owned farms and farms that are owned and operated by third-party contract farmers.
Record Profit: Smithfield delivered record third quarter adjusted operating profit of $310 million, up 8.5% year-over-year, with net income and EPS also reaching new highs.
Raised Outlook: The company raised and tightened its fiscal 2025 adjusted operating profit guidance by $25 million at the midpoint, now expecting $1.225–$1.325 billion.
Packaged Meats Performance: The Packaged Meats segment reported its second highest third quarter profit on record with an adjusted margin of 10.8%, despite flat volumes and higher input costs.
Cost Pressures Managed: Higher raw material and input costs, especially for pork, were offset by price increases, product mix improvements, and operational efficiencies.
Hog Production Strength: The hog production segment more than doubled adjusted operating profit year-over-year, benefiting from better market conditions and cost improvements.
Cautious Consumer: Management noted a cautious consumer environment, with value-seeking behavior, but highlighted Smithfield’s ability to gain share and serve all price points.
Capital & Dividend: The company’s balance sheet remains strong, CapEx guidance was lowered due to timing, and Smithfield expects to pay a $1 per share annual dividend this year.