Smithfield Foods Q3 sales miss as lower pork prices weigh on results
Smithfield Foods' fiscal third-quarter sales fell 8.3% year on year and fell short of analyst expectations. The company also outlined a lower sales outlook for fiscal 2026.
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what happened
According to Reuters, the US packaged meats producer Smithfield Foods reported fiscal third-quarter net sales of $3.40 billion, down 8.3% year on year and below the $3.69 billion analysts had expected. Adjusted earnings per share and operating profit also declined from a year earlier, with operating income of $127 million and a 3.70% operating margin. The CEO blamed weaker pork commodity markets, which hurt the upstream segments.
The Packaged Meats segment, by contrast, delivered higher operating profit and margin year on year. The company completed its acquisition of Nathan's Famous, which it said strengthened its brand portfolio. For fiscal 2026, Smithfield expects sales to fall by low single digits and adjusted operating profit of $900 million to $1 billion.
why it matters
For markets, the report signals that soft pork prices continue to pressure the commodity-exposed side of large meat producers. Analysts on average rate the shares a buy, with a median 12-month price target of $24.00 against an October 26 close of $18.31. The stock trades at about 8 times forward earnings, down from 9 three months ago.
market impact
US pork and meat processing: softer pork prices weigh on Smithfield's revenue and the sector
tags
instruments
sources
- Smithfield Foods Q3 sales miss on lower pork commodity markets — Reuters, 27 October 2026 at 08:41 UTC
- Smithfield Foods Q3 sales miss on lower pork commodity markets — Reuters, 27 October 2026 at 08:47 UTC
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