Headquartered in Smithfield, VA Fiscal year ends December NASDAQ: SFD smithfieldfoods.com
Smithfield Foods, Inc. (Nasdaq: SFD) is an American food company with operations spanning value-added packaged meats, fresh pork processing, and hog production. The company operates through three primary segments: Packaged Meats, which produces branded and private-label processed meat products and is the company's highest-margin business; Fresh Pork, which processes and sells fresh pork to retail, foodservice, and export customers; and Hog Production, which raises hogs for internal supply and third-party sales. Smithfield also maintains Mexico-based operations and a Bioscience business. The company recently completed the acquisition of Nathan's Famous, expanding its branded portfolio. Smithfield is a controlled company listed on Nasdaq, with a diversified brand portfolio and strong relationships with U.S. farmers and global customers for quality protein products. Updated
Collapsing hog and fresh pork prices turned the Fresh Pork segment into an $89 million operating loss, and management says that commodity pressure runs through the fourth quarter. Packaged Meats is carrying the company, with full-year adjusted operating profit guided to $900 million to $1 billion.
Smithfield reports before the open with four straight EPS beats behind it, but consensus calls for just $0.26 a share on $3.66 billion in revenue, less than half of last quarter's $0.62. Rising pork costs and shifting China trade terms make the guidance commentary the real event.
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Smithfield Foods, Inc. (Nasdaq: SFD) is an American food company with operations spanning value-added packaged meats, fresh pork processing, and hog production.
The Wall Street consensus 12-month price target for SFD is $22.79.
