Smithfield Foods (SFD) released earnings for its fourth quarter that Increases, from last year
The company's bottom line totaled $327 million, or $0.83 per share. This compares with $204 million, or $0.54 per share, last year.
Excluding items, Smithfield Foods reported adjusted earnings of $329 million or $0.83 per share for the period.
The company's revenue for the period rose 7.0% to $4.227 billion from $3.951 billion last year.
Smithfield Foods earnings at a glance (GAAP) :
-Earnings: $327 Mln. vs. $204 Mln. last year.-EPS: $0.83 vs. $0.54 last year.-Revenue: $4.227 Bln vs. $3.951 Bln last year.
The Board will pay a quarterly dividend of $0.3125 per share on April 21 to the shareholders of record as of April 7. “We anticipate the remaining quarterly dividends in fiscal year 2026 will be $0.3125 per share, resulting in an annual dividend rate in fiscal year 2026 of $1.25 per share,” the company said.
Looking ahead, for fiscal 2026, Smithfield Foods anticipates sales to be up in low-single-digits from last year. For fiscal 2025, the food company has reported sales of $15.5 billion.
For fiscal 2026, the company projects adjusted operating profit of $1.325 billion to $1.475 billion, compared with an adjusted operating profit of $1.336 billion in fiscal 2025.
For fiscal 2026, the food company expects capital expenditure of $350 million to $450 million.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.