Smithfield FY26 Q2 net income rises 26.6% to $238 million; net sales fall 2.3% to $3.7 billion - SFD News | RalliesSmithfield FY26 Q2 net income rises 26.6% to $238 million; net sales fall 2.3% to $3.7 billion
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SFD• Fiscal second-quarter results
- Smithfield Foods posted fiscal Q2 net sales of $3.7 billion, down 2.3% year over year; operating profit rose 11.6% to $290 million.
- Net income attributable to shareholders climbed 26.6% to $238 million; diluted EPS increased to $0.60 from the prior-year quarter.
First-half performance and updated outlook
- First-half net sales slipped 0.8% to $7.5 billion; operating profit increased 7.1% to $623 million.
- First-half net income attributable to shareholders rose 17.6% to $484 million; operating cash flow increased to $204 million.
- FY 2026 adjusted operating profit outlook was cut to $1.23 billion-$1.38 billion; the board set a $0.3125 quarterly dividend, implying $1.25 annually.
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