financetom
Business
financetom
/
Business
/
Smithfield Foods posts quarterly sales, profit rise on strong demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Smithfield Foods posts quarterly sales, profit rise on strong demand
Aug 12, 2025 2:06 AM

Aug 12 (Reuters) - U.S. pork processor Smithfield Foods ( SFD )

posted a rise in second-quarter sales and profit on

Tuesday, fueled by resilient demand for its packaged meats,

including bacon, and fresh pork business, along with cost-saving

efforts.

The company's sales rose 11% to $3.79 billion during the

quarter. It earned adjusted profit of 55 cents per share,

compared with 51 cents a year ago.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Okta Unusual Options Activity For March 25
Okta Unusual Options Activity For March 25
Mar 25, 2025
Investors with a lot of money to spend have taken a bearish stance on Okta ( OKTA ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...
Shell CEO Sawan expects progress in Venture Global arbitration in coming months
Shell CEO Sawan expects progress in Venture Global arbitration in coming months
Mar 25, 2025
(Reuters) - Shell CEO Wael Sawan said on Tuesday he expects to have updates from the arbitration process with Venture Global ( VG ) in the coming months. Venture Global's ( VG ) failure to move to commercial operations years after it started selling superchilled gas on the spot market led to contract arbitration cases brought by some of the...
US FDA approves GSK's urinary tract infection drug
US FDA approves GSK's urinary tract infection drug
Mar 25, 2025
March 25 (Reuters) - The U.S. Food and Drug Administration on Tuesday approved GSK's drug for a common type of urinary tract infection (UTI) in women and adolescent girls, one of five new approvals the British drugmaker has been expecting this year. The antibiotic, branded as Blujepa, is approved for women aged 12 years and older to treat uncomplicated UTIs,...
Cleveland-Cliffs to Halt Operations Temporarily at Michigan Facility, Lay Off 600
Cleveland-Cliffs to Halt Operations Temporarily at Michigan Facility, Lay Off 600
Mar 25, 2025
12:48 PM EDT, 03/25/2025 (MT Newswires) -- Cleveland-Cliffs ( CLF ) plans to halt operations temporarily at its steel facility in Dearborn, Michigan, and lay off about 600 workers amid low demand from the US auto industry, Layoffs are set to begin July 15 with Worker Adjustment and Retraining Notification Act notices already issued, Cleveland-Cliffs ( CLF ) spokesperson Patricia...
Copyright 2023-2026 - www.financetom.com All Rights Reserved