Smithfield Foods reported record second quarter adjusted operating profit of $300 million and expanded adjusted operating profit margin to 8.1% from 7.9%. Consolidated sales were $3.7 billion, down 2.3% year-over-year, while adjusted net income rose 13% to $245 million and adjusted diluted EPS increased 13% to $0.62 per share. The company updated its full-year 2026 adjusted operating profit outlook to a range of $1.225 billion to $1.375 billion, citing softer commodity markets and a cautious consumer. Packaged Meats delivered a 13.1% operating margin, Fresh Pork profit fell to $14 million from $30 million a year earlier, and Hog Production profit rose to $64 million from $22 million. Smithfield also expects to close its acquisition of Nathan's Famous in the second half of 2026, subject to CFIUS review.
Smithfield Foods, Inc. Common StockRecord Q2 adjusted operating profit of $300 million, margin expansion, and raised full-year outlook.
Nathans Famous IncAcquisition by Smithfield expected to close in H2 2026, subject to CFIUS review; impact on Nathan's Famous not detailed.
