Smithfield Foods, Inc.
21.81-0.79 (-3.5%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · SFD · USD
Key Stats
Market Cap
8.57BP/E (TTM)
9.82Basic EPS (TTM)
2.22Dividend Yield
0.03%Recent Filings
10-Q
8-K
10-Q
Q2 FY2025 results
Smithfield Foods posted solid Q2 revenue growth of 11.0% year-over-year to $3.786B, driven by higher volumes in Packaged Meats from Easter timing and stronger Fresh Pork pricing amid rising demand, though gross margins dipped to 13.2% from 15.5% on elevated raw material costs. Operating profit fell 22.2% to $260M, pressured by $73M in litigation charges and lower employee retention credits, yet adjusted figures show underlying resilience with Packaged Meats holding steady at 14.2% margins. Cash from operations turned positive at $108M for the half-year, bolstered by $236M IPO proceeds, leaving $928M in cash against $2.0B long-term debt and full $2.1B revolver availability under extended covenants. The Nashville dry sausage facility acquisition for $38M in July 2024 expands value-added capacity. Hog production optimization via partnerships cut internal output 24%, sharpening focus on profitable segments. Litigation risks linger, with $194M accrued for ongoing antitrust claims.
8-K
Strong Q2 sales surge
Smithfield Foods reported Q2 fiscal 2025 net sales of $3.8 billion, up 11.0% year-over-year, with adjusted operating profit hitting $298 million and adjusted diluted EPS rising to $0.55 from $0.51. Packaged Meats drove strength at $296 million adjusted profit, while Fresh Pork and Hog Production navigated tariffs and reforms adeptly. The company raised its full-year adjusted operating profit outlook to $1.15–1.35 billion. Litigation charges pose a key risk.
8-K
Facility monetization terminated
Smithfield Foods terminated the monetization component of its receivables facility on July 22, 2025, via an omnibus amendment, while preserving the securitization arm for ongoing liquidity. This move reflects ample internal capital, slashing unnecessary costs without penalties or exit fees. Smart trim; frees up resources.
IPO
Employees
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