Smithfield Foods Posts Record First-Half Operating Profit and Updates FY2026 Outlook
Smithfield Foods reported record first-half fiscal 2026 operating profit and said it expects dividends to remain unchanged, for an annual $1.25 per share. The company updated its adjusted operating profit outlook for 2026 to reflect macroeconomic headwinds, including Packaged Meats of $1,075 million to $1,150 million and Fresh Pork of $180 million to $240 million, with total adjusted operating profit of $1,225 million to $1,375 million and capital expenditures of $350 million to $450 million.