Smithfield Foods Q3 2026 adjusted net income drops 55% to $103 million
SFD•Smithfield Foods reported Q3 FY26 adjusted net income of $103 million, down 55% year over year, while adjusted earnings per share fell 55% to $0.26. Sales declined 8% to $3.44 billion, and FY26 guidance calls for adjusted operating profit of $900 million to $1 billion.
1. Quarterly results and outlook
Smithfield Foods’ Q3 FY26 adjusted net income fell 55% year over year to $103 million, and adjusted earnings per share dropped 55% to $0.26. Sales decreased 8% to $3.44 billion. The company forecast FY26 adjusted operating profit of $900 million to $1 billion, with sales down a low-single-digit percentage from FY25.
2. Nathan’s acquisition
Smithfield Foods acquired Nathan’s Famous, bolstering its Packaged Meats brand portfolio.
