Smithfield Foods (SFD)
NASDAQ:SFD
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Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.64Last Year’s EPS
0.55Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a net positive performance: record quarterly adjusted operating profit, EPS growth, broad unit and market-share gains in packaged meats, improved hog production profitability, strong liquidity and low leverage, and active cost-savings/efficiency programs. Offsetting items include elevated input and logistics inflation (diesel, resin, beef/poultry costs), modest margin pressure in packaged meats from seasonal mix, near-term fresh pork volume/export headwinds, and a delayed M&A timeline. Management reaffirmed full-year guidance and emphasized multiple levers (pricing, mix, productivity, hedging, procurement) to mitigate inflationary risks and navigate geopolitical uncertainty.Company Guidance
Record adjusted operating profit and margin expansion
Reported record Q1 adjusted operating profit of $339 million, up 4% year-over-year, with adjusted operating profit margin of 8.9%, a 30 basis point expansion from 8.6% in Q1 2025.
Strong earnings and EPS growth
Adjusted net income of $251 million (record) increased 11% YoY from $227 million; adjusted diluted EPS was $0.64, up 10% from $0.58.
Packaged Meats segment growth and margin resilience
Packaged Meats delivered operating profit of $275 million (up ~4% YoY) on sales of $2.1 billion (up 6% YoY). Volume grew 3.5% (1.3% ex-Easter timing) and average sales price rose 2.6%; segment margin of 12.8% (down 30 bps) despite seasonal mix headwinds.
Market share and distribution gains in packaged categories
Grew units in multiple higher-margin categories (e.g., cook dinner sausage +9% units with +0.8 pts unit share; another sausage line +10% units with +1.1 pts share). Prime Fresh volume grew 26% with an 18% lift in points of distribution; overall branded volume/share gains in core 25 categories and a 5.5% increase in points of distribution.
Fresh Pork value-added growth and foodservice momentum
Fresh Pork grew retail sales (+3%) driven by a 6% increase in value-added case-ready and marinated items; fresh pork foodservice sales grew 27% and packaged meats foodservice sales rose 4% (volume +1%).
Hog production profitability improvements
Hog production returned $4 million operating profit in Q1 (versus $1 million year-ago), reflecting improved commodity dynamics, lower feed costs and better operating efficiency on retained farms.
Strong balance sheet and liquidity
Ended Q1 with $3.7 billion liquidity (including $1.4 billion cash) and net debt/adjusted EBITDA of 0.4x (well below policy <2x). Trailing-12-month cash flow exceeded $1.1 billion; Q1 operating cash outflow improved to -$65 million from -$166 million prior year.
Cost savings and efficiency initiatives
Corporate expenses down 11% YoY; company highlighted continuous improvement, plant automation, network optimization (e.g., moving production to more efficient plants) and transportation optimization that removed ~1 million miles vs 2024 and plans another ~1 million in 2026.
Capital allocation and strategic M&A activity
Capital investments of $88 million in Q1 (more than 50% targeted to growth-driving projects); declared quarterly dividend $0.3125 (annualized $1.25 expected). Announced agreement to acquire Nathan's Famous (expected close H2 2026, timing impacted by CFIUS delays).
SFD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SFD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $28.73 | $26.88 | -6.44% |
Mar 24, 2026 | $23.23 | $24.21 | +4.26% |
Oct 28, 2025 | $21.08 | $22.10 | +4.82% |
Apr 29, 2025 | $19.06 | $20.75 | +8.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Smithfield Foods (SFD) report earnings?
Smithfield Foods (SFD) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is Smithfield Foods (SFD) earnings time?
Smithfield Foods (SFD) earnings time is at Aug 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SFD EPS forecast?
SFD EPS forecast for the fiscal quarter 2026 (Q2) is 0.64.