financetom
Business
financetom
/
Business
/
Smithfield Foods quarterly sales, profit rise on steady demand for meat
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Smithfield Foods quarterly sales, profit rise on steady demand for meat
Oct 28, 2025 2:53 AM

Oct 28 (Reuters) - Smithfield Foods ( SFD ) posted a

jump in third-quarter revenue and profit on Tuesday, as the U.S.

pork processor benefited from resilient demand for higher-priced

packaged meats and fresh pork.

The company, the biggest U.S. pork processor, has been

working to rein in expenses amid a spike in raw material costs

and cautious consumer spending.

Strong results at Smithfield Foods ( SFD ) reflect sustained demand

for protein-rich staples like pork and processed meats, as

consumers continue to prioritize home-cooked meals amid

persistent inflation and still-high cost-of-living.

"Despite persistent higher raw material costs and cautious

consumer spending, our Packaged Meats segment posted the second

best third quarter profit on record," CEO Shane Smith said.

Meanwhile, higher prices from President Donald Trump's

sweeping tariffs have further dampened sentiment.

In August, Smithfield Foods ( SFD ) said it resumed exports to China

that had been crippled by import duties. In China, imports of

U.S. pork face a 57% tariff, according to industry data.

Sales in its largest Packaged Meats segment jumped 9.1%,

while Fresh Pork saw a 12% rise in sales during the quarter.

The Virginia-based meatpacker raised the midpoint of its

adjusted operating profit in the range of $1.23 billion to $1.33

billion. It maintained its 2025 sales forecast of a

low-to-mid-single-digit percentage rise from a year earlier.

Its sales rose 12.4% to $3.75 billion in the quarter ended

September 28.

On an adjusted basis, it earned a profit of 58 cents per

share from continuing operations, compared with 53 cents a year

earlier.

(Reporting by Savyata Mishra in Bengaluru and Tom Polansek in

Chicago; Editing by Sriraj Kalluvila)

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 >
Buffett's NetJets sues pilots' union for defamation
Buffett's NetJets sues pilots' union for defamation
Jun 5, 2024
June 5 (Reuters) - NetJets, the luxury plane unit of billionaire Warren Buffett's Berkshire Hathaway Inc ( BRK/A ), sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots. The lawsuit filed on Monday in a state court in Columbus, Ohio, where NetJets is based, seeks unspecified damages. It follows years of often...
Salesforce Insider Sold Shares Worth $660,763, According to a Recent SEC Filing
Salesforce Insider Sold Shares Worth $660,763, According to a Recent SEC Filing
Jun 5, 2024
05:43 PM EDT, 06/05/2024 (MT Newswires) -- Parker Harris, Director, Co-Founder and CTO, Slack, on June 04, 2024, sold 2,800 shares in Salesforce ( CRM ) for $660,763. Following the Form 4 filing with the SEC, Harris has control over a total of 977,253 shares of the company, with 115,762 shares held directly and 861,491 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1108524/000112760224017968/xslF345X03/form4.xml...
Crawford United Insider Sold Shares Worth $360,000, According to a Recent SEC Filing
Crawford United Insider Sold Shares Worth $360,000, According to a Recent SEC Filing
Jun 5, 2024
05:43 PM EDT, 06/05/2024 (MT Newswires) -- Kirin Smith, Director, on June 04, 2024, sold 10,000 shares in Crawford United ( CRAWA ) for $360,000. Following the Form 4 filing with the SEC, Smith has control over a total of 76,049 shares of the company, with 34,935 shares held directly and 41,114 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/47307/000095017024069450/xslF345X03/ownership.xml ...
BRIEF-Gamco Asset Management Sent Letter To Dril-Quip Board Chairman, Co Intends To Vote
BRIEF-Gamco Asset Management Sent Letter To Dril-Quip Board Chairman, Co Intends To Vote "Against" Dril- Quip's Merger With Innovex Downhole Solutions
Jun 5, 2024
June 5 (Reuters) - Dril-Quip Inc ( DRQ ): * GAMCO ASSET MANAGEMENT: SENT LETTER TO DRIL-QUIP BOARD CHAIRMAN, CO INTENDS TO VOTE AGAINST DRIL- QUIP'S ( DRQ ) MERGER WITH INNOVEX DOWNHOLE SOLUTIONS Source text for Eikon: Further company coverage: ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved