WH Group’s Smithfield Unit Posts Higher Q1 Sales and Profit

WH Group ( (HK:0288) ) just unveiled an update.

Smithfield Foods, majority-owned by WH Group, reported unaudited U.S. GAAP financial results for the quarter ended 29 March 2026, showing sales of US$3.8 billion and net income attributable to Smithfield of US$246 million. The figures reflect modest year-on-year growth in revenue and profitability, with operating profit rising to US$333 million on slightly higher sales and lower selling, general and administrative expenses.

WH Group noted that Smithfield’s results, prepared under U.S. GAAP, will differ from those in WH Group’s consolidated accounts, which are compiled under IFRS and include adjustment items. The disclosure gives investors an early view of the performance of WH Group’s key U.S. subsidiary, highlighting stable margins and incremental earnings improvement that may support the group’s overall financial profile once IFRS-based results are released.

The most recent analyst rating on (HK:0288) stock is a Buy with a HK$11.80 price target. To see the full list of analyst forecasts on WH Group stock, see the HK:0288 Stock Forecast page.

More about WH Group

WH Group Limited is a leading global pork processor based in Hong Kong, with operations spanning hog production, fresh pork and packaged meats. Through its approximately 87% stake in U.S.-based Smithfield Foods, Inc., which is listed on the Nasdaq Global Select Market, the group has a significant presence in the American meat industry and international pork markets.

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Technical Sentiment Signal: Buy

Current Market Cap: HK$135.9B

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