Smithfield Foods (SFD)
NASDAQ:SFD
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.59Last Year’s EPS
0.58Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive performance story: record adjusted operating profit, margin expansion, strong cash generation, a robust balance sheet, and clear growth initiatives (acquisition of Nathan's and a $1.3B Sioux Falls investment). Management acknowledged and has action plans for headwinds — elevated raw material costs, compressed industry spreads, cautious consumer spending and geopolitical/disease risks — but reported that operational improvements, mix shift to higher-margin products, and vertical integration meaningfully mitigated these impacts. Guidance for 2026 anticipates continued margin expansion and modest sales growth while preserving financial flexibility.Company Guidance
Record Company Profitability and Margin Expansion
Consolidated adjusted operating profit increased 30% to $1.3 billion in FY2025 with adjusted operating profit margin expanding 140 basis points to 8.6% (from 7.2% in 2024). Record Q4 adjusted operating profit of $402 million and record full-year adjusted net income of $1.0 billion.
Strong Revenue Growth and EPS
Total company sales rose 10% for the year and 7% in the fourth quarter. Adjusted diluted EPS for the full year was $2.55, up 36% versus 2024; Q4 adjusted diluted EPS was $0.83 versus $0.52 in 2024.
Packaged Meats Operational Strength
Packaged Meats delivered its fourth consecutive year of operating profit above $1 billion with FY2025 adjusted operating profit of $1.1 billion and a 12.4% segment margin. Segment sales were $8.8 billion, up 5.3% YOY, driven by a 5.6% increase in average selling price with roughly flat volume.
Fresh Pork and Hog Production Turnaround
Fresh Pork adjusted operating profit was $209 million in 2025 (notable improvement versus 2022 levels). Hog Production generated $176 million in adjusted operating profit — the highest since 2014 — and FY sales for Hog Production increased 13% to $3.4 billion despite a 23% reduction in hogs produced.
Exceptional Balance Sheet and Cash Generation
Net debt to adjusted EBITDA was a very low 0.3x at year-end. Liquidity totaled $3.8 billion (including $1.5 billion cash). Cash flows from operations exceeded $1 billion (nearly $1.3 billion when adjusted), and capital expenditures for 2025 were $341 million.
Shareholder Returns and Capital Allocation
Returned $1.00 per share in annual dividends in 2025; Board declared a quarterly dividend of $0.3125 and anticipates $1.25 of dividends per share in 2026. Company announced a definitive agreement to acquire Nathan's Famous at $102 per share (expected to be immediately accretive).
Growth Investments and Strategic Initiatives
Announced intent to invest up to $1.3 billion over 3 years to build a new state-of-the-art Packaged Meats and Fresh Pork facility in Sioux Falls (groundbreaking targeted H1 2027, operations by end of 2028). 2026 guidance targets total adjusted operating profit of $1.325B–$1.475B and sales up low single digits.
Commercial Execution and Channel Wins
Packaged Meats grew branded volume share in 6 of 10 $1B+ retail subcategories, increased foodservice sales by 10% in 2025 (foodservice volume +2% despite higher away-from-home inflation), introduced 57 limited-time offers, and expanded points-of-distribution (Nathan's +19% distribution).
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 |
|---|---|---|---|
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% |
Mar 25, 2025 | $18.53 | $18.09 | -2.35% |
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 Apr 28, 2026, Before Open (Confirmed).
What is Smithfield Foods (SFD) earnings time?
Smithfield Foods (SFD) earnings time is at Apr 28, 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 (Q1) is 0.59.