Smithfield Foods lowers expected 2026 profit

Smithfield Foods has reduced its 2026 adjusted operating profit outlook to $1.2 billion-$1.3 billion, down 7%-10% from earlier forecasts, due to cautious consumer spending. Despite this, the company reported a record $300 million second-quarter adjusted operating profit and continues to focus on growing its packaged meats segment and expanding brands like Nathan's Famous. Smithfield Foods remains confident in its long-term strategy and financial stability, even with expected cost volatility.