Smithfield Foods quarterly sales, profit rise on steady demand for meat

Smithfield Foods quarterly sales, profit rise on steady demand for meat

(Reuters) -Smithfield Foods 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 reflect sustained demand for protein-rich staples like pork and pr…

Higher Pork Prices Fuel Strong Sales for Smithfield — What It Signals for the U.S. Pork Industry

Smithfield Foods, the largest pork processor in the United States, announced a strong quarterly performance marked by a 12% jump in fresh pork prices and growing consumer demand, even as […] The post Higher Pork Prices Fuel Strong Sales for Smithfield — What It Signals for the U.S. Pork Industry appeared first on Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info.

Smithfield reports record Q3 operating profit of $310M

Higher Hog Production segment profits more than offset raw material costs in Fresh Pork and Packaged Meats.

Smithfield profit surges on strong pork demand

Smithfield profit surges on strong pork demand Packaged meats post second-best Q3 performance

Smithfield (NASDAQ: SFD) posts record Q3 operating profit of $310M, margin 8.3%

Net sales were $3.747B; operating profit $310M; EPS $0.63. Packaged Meats $226M OP at 10.8% margin. FY25 adjusted OP outlook $1.225B–$1.325B.