Smithfield Foods Reports Record Q1 Earnings Amid Input Inflation and Acquisition Delay
Smithfield Foods reported record Q1 adjusted operating profit of $339 million and adjusted net income of $251 million, driven by strong Packaged Meats performance. The company reaffirmed full-year guidance but warned of ongoing input inflation and macroeconomic uncertainty. The Nathan’s Famous acquisition is delayed to H2 2026 due to CFIUS timing.
Tickers: $SFD
Topics: Acquisition Delay Dividend Earnings Guidance Input Inflation Packaged Meats