Smithfield Foods Reports Record First-Quarter Operating Profits
Smithfield Foods reported record first-quarter operating profits of $333 million, with adjusted operating profit rising 4% to $339 million. The company attributed the growth to strong performance in its packaged meats division, though sales in fresh-pork and hog production declined. The company maintains its 2026 financial outlook, forecasting low-single-digit sales growth and adjusted operating profit between $1.33 billion and $1.48 billion.
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Topics: earnings report financial performance operating profit packaged meats Q1 profits