4 articles
Smithfield Foods cut its annual guidance as high gasoline prices dampen consumer demand for pork products linked to road trips. Wholesale pork values have fallen to five-year lows, prompting the compa
Smithfield Foods forecasts a $70–90 million operating loss in its fresh pork segment for Q3 due to low hog prices and squeezed margins. The company also lowered profit guidance for its hog production
Smithfield Foods cut its full-year sales and profit forecasts due to cautious spending and higher input costs, despite beating second-quarter earnings. It now expects flat fiscal 2026 sales amid indus
Smithfield Foods exceeded Q1 sales and profit expectations driven by steady demand for packaged meats, maintaining its annual forecast despite elevated input costs. Lower feed expenses and scaled-down
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