Smithfield Foods backs FY25 revenue view up low-to-mid single digit percentage

Backs FY25 capital expenditures view $400M-$500M. Backs FY25 effective tax rate view 23%-25%. Raises FY25 adjusted operating profit view to $1.15B-$1.35B. “With a solid first half company performance and improved outlook for the Hog Production segment, we have raised our full-year adjusted operating profit outlook,” added Smith. “Our strong financial position continues to enable us to invest in our growth strategies and generate value for shareholders over the long term.”