Smithfield Foods reports Q1 adjusted EPS 64c, consensus 59c

Reports Q1 revenue $3.8B, consensus $3.7B. “We delivered record first-quarter results through disciplined execution across the business, led by strong performance in Packaged Meats,” said Smithfield President and CEO Shane Smith. “Adjusted operating profit reached a first-quarter record, underscoring the strength of our vertically integrated model. This performance reflects the actions our team is taking to drive profitable growth while navigating a dynamic operating environment.”