The EPS beat and reaffirmed guidance support the stock's recent momentum. Watch for the Nathans Famous acquisition closing and the Sioux Falls facility investment as catalysts.
Price Chart
Executive Summary
Smithfield Foods reported Q1 FY2026 adjusted diluted EPS of $0.64, a 9.1% beat vs the $0.59 consensus, on revenue of $3.8B (0.8% YoY growth, slightly above the $3.70B estimate). The company reaffirmed its full-year FY2026 adjusted operating profit guidance of $1.325B-$1.475B, with Packaged Meats delivering another strong quarter ($275M operating profit, +3.6% YoY). The stock should see modest positive pressure from the EPS beat and reaffirmed outlook, though the near-flat revenue growth and reaffirmed (not raised) guidance cap upside.
Key Financial Metrics
Key Facts
- Q1 FY2026 adjusted diluted EPS of $0.64 vs consensus $0.59 (+9.1% beat)
- Q1 FY2026 GAAP diluted EPS of $0.62 vs $0.57 YoY (+8.8%)
- Net sales of $3.8B, up 0.8% YoY, slightly above $3.70B consensus
- Operating profit of $333M, up 3.4% YoY; adjusted operating profit of $339M, up 4.0% YoY
- Packaged Meats segment operating profit of $275M, up 3.6% YoY; margin 12.8% vs 13.1% YoY
- Hog Production segment operating profit improved to $4M from $1M YoY
- Full-year FY2026 guidance reaffirmed: adjusted operating profit $1.325B-$1.475B
- Annual dividend rate of $1.25 per share reaffirmed
- Net debt to adjusted EBITDA ratio of 0.4x; $3.683B available liquidity
Financial Impact
EPS beat of ~$0.05 per share on ~394M diluted shares implies ~$20M net income above consensus expectations
Risk Factors
- Near-flat revenue growth (0.8% YoY) signals limited top-line momentum
- Hog Production segment remains volatile with only $4M operating profit
- Inflationary input costs and consumer spending headwinds could pressure margins
- Tariff and export disruption risks from geopolitical tensions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000091388-26-000034 |
| Document: sfd-20260428.htm | 0000091388-26-000034 |
| Document: 0000091388-26-000034-index-headers.html | 0000091388-26-000034 |
| Document: 0000091388-26-000034-index.html | 0000091388-26-000034 |
| Document: 0000091388-26-000034.txt | 0000091388-26-000034 |
| 8-K Data (Synthetic) | 0000091388-26-000034 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 8-K | $18.64 | awaiting T+20 | — | $18.31 (−1.77%) |
Sep 18, 2026 5w ago | Court Ruling | $19.86 $18.27 | ▼ −8.01% | ▼ −7.10% | $18.31 (−7.80%) |
Aug 11, 2026 10w ago | 8-K | $23.88 $20.52 | ▲ +14.07% | ▲ +13.01% | $18.31 (+23.32%) |
Aug 11, 2026 10w ago | Press Release | $23.88 $20.52 | ▲ +14.07% | ▲ +13.01% | $18.31 (+23.32%) |
Aug 7, 2026 11w ago | Press Release | $25.40 $21.97 | ▼ −13.50% | ▼ −13.11% | $18.31 (−27.91%) |
Jun 11, 2026 19w ago | Institutional Cluster | $26.58 $24.81 | ▼ −6.66% | ▼ −8.55% | $18.31 (−31.11%) |
Apr 28, 2026 25w ago | 8-K | $26.88 $26.25 | ▼ −2.36% | ▼ −7.83% | $18.31 (−31.88%) |
Apr 28, 2026 25w ago | Press Release | $26.88 $26.25 | ▼ −2.36% | ▼ −7.83% | $18.31 (−31.88%) |
Apr 20, 2026 26w ago | DEFA14A | $29.00 $25.68 | ▼ −11.45% | ▼ −16.36% | $18.31 (−36.86%) |
Apr 17, 2026 27w ago | Press Release | $29.00 $24.93 | ▼ −14.03% | ▼ −19.41% | $18.31 (−36.86%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers