Wh Group ( (WHGLY) ) has released its Q1 earnings. Here is a breakdown of the information Wh Group presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
WH Group Limited, a leading global pork company, operates in the packaged meats and pork sectors, with a significant presence in China, the U.S., and Europe. The company recently announced its unaudited quarterly results for the first quarter of 2025, showcasing a notable increase in revenue and profit despite challenges in the packaged meats segment.
The company reported a 6% increase in revenue, reaching $6.554 billion, and a 19.4% rise in operating profit. The profit attributable to owners of the company saw a significant increase of 20.9%, before biological fair value adjustments. While the sales volume of packaged meats decreased by 9.2%, pork sales volume rose by 4.4%, contributing to the overall positive financial performance.
The strategic move to spin off Smithfield Foods, Inc. for a separate listing on the Nasdaq Global Select Market, raised approximately $534 million in net cash proceeds. This move was accompanied by a special cash dividend distribution to shareholders, reflecting the company’s commitment to delivering shareholder value.
Looking ahead, WH Group aims to continue focusing on transforming its packaged meats business in China, maintaining profitability in the U.S., and expanding in Europe. The company acknowledges the challenges posed by the global economic environment but remains committed to leveraging its strategic advantages to achieve stable and positive results.