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Smithfield Foods, Inc. 10-Q Filings

SFD NASDAQ

Every 10-Q that Smithfield Foods, Inc. (SFD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow SFD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SFD filings page.

Rhea-AI Summary

Smithfield Foods, Inc. reported solid profitability for the quarter and first half ended June 28, 2026. For the quarter, sales were $3,700 million versus $3,786 million a year earlier, while net income rose to $239 million from $188 million, helped by lower SG&A and higher operating profit of $290 million compared with $260 million. For the first half of 2026, sales were $7,500 million versus $7,558 million, with net income increasing to $489 million from $415 million and operating profit improving to $623 million from $582 million.

Cash and cash equivalents were $1,350 million and total debt carrying value was $1,988 million, with net cash provided by operating activities of $204 million in the first half. The company declared quarterly dividends of $0.3125 per share. A major strategic step is a pending all-cash acquisition of Nathan’s Famous, Inc. for $102.00 per share, expected to be funded with cash on hand and targeted to close in the second half of 2026, subject to stockholder and regulatory approvals. Smithfield also continues restructuring initiatives, including closing a Springfield, Massachusetts facility and an administrative optimization program using advanced technologies, while maintaining $148 million of litigation-related contingent liabilities.

Rhea-AI Summary

Smithfield Foods delivered modestly stronger results for the quarter ended March 29, 2026. Sales rose slightly to $3.8 billion from $3.77 billion, while net income attributable to Smithfield increased to $246 million from $224 million, lifting diluted EPS to $0.62 from $0.57.

Growth was driven mainly by the Packaged Meats segment, where sales grew 6.2% on higher volumes and pricing, partly offset by weaker Hog Production sales after prior-year one-time hog inventory sales. SG&A expenses fell 8.6%, supporting operating profit margin expansion to 8.7%.

The company ended the quarter with $1.39 billion in cash and cash equivalents and total assets of $12.0 billion. It is pursuing several strategic moves, including a pending all-cash acquisition of Nathan’s Famous at $102.00 per share and a proposed new Sioux Falls production facility with a preliminary investment estimate of up to $1.3 billion, both subject to approvals. Smithfield is also closing its Springfield, Massachusetts dry sausage facility and rolling out automation and process optimization initiatives. Contingent litigation-related liabilities totaled $149 million as of March 29, 2026.

Rhea-AI Summary

Smithfield Foods (SFD) reported Q3 2025 results with sales of $3,747 million, up from $3,334 million. Operating profit rose to $310 million from $285 million as SG&A fell to $178 million from $200 million and interest expense declined to $11 million from $17 million.

Net income attributable to Smithfield from continuing operations increased to $248 million from $202 million, and basic EPS from continuing operations was $0.63 versus $0.53. On a year-to-date basis, sales were $11,304 million versus $10,190 million and operating profit was $892 million versus $783 million.

By segment this quarter, Packaged Meats delivered operating profit of $226 million, Hog Production improved to $89 million, and Fresh Pork posted $10 million. Cash flows from operating activities were $121 million for the first nine months versus $233 million, and cash ended at $773 million. Shares outstanding were 393,112,711 as of October 27, 2025.

Rhea-AI Summary

Smithfield Foods reported mixed second-quarter 2025 results with higher sales but lower quarterly earnings and notable legal, tax and hedging impacts. Revenue rose to $3,786 million in the quarter (up from $3,412 million a year earlier) and to $7,558 million for the six months (up from $6,856 million), reflecting growth across Packaged Meats and Fresh Pork. Gross profit fell quarter-over-quarter to $499 million, while operating profit declined to $260 million from $334 million due to higher SG&A and other items.

Net income attributable to Smithfield was $188 million for the quarter (vs. $301 million prior year) and $412 million for the six months (vs. $457 million). Total diluted EPS was $0.48 for the quarter and $1.05 year-to-date. The company recognized a $23 million net derivative loss in the quarter and reported an increased effective tax rate of 24.6%. Material items disclosed include cumulative Hog Production Reform charges (~$379 million), litigation accruals of $194 million, an $80 million litigation charge in the quarter, a completed $236 million IPO (net proceeds), and refinancing of the $2.1 billion revolver extending maturity to February 2030.