Smithfield Foods, Inc. reported a strong second quarter for fiscal 2025, with net sales of $3.8 billion, up 11.0% from the previous year. Operating profit was $260 million, with adjusted operating profit at $298 million. Packaged Meats had an operating profit margin of 14.5%, while Fresh Pork saw an operating profit margin of 1.7%. CEO Shane Smith praised the results, noting the company’s agility and resilience in a dynamic market. The company also raised its full-year adjusted operating profit outlook and declared a quarterly dividend of $0.25 per share, with an annual dividend rate of $1.00 per share for fiscal 2025.
For the first six months of fiscal 2025, Smithfield Foods saw net sales of $7.6 billion, up 10.2% from the previous year. Operating profit was $582 million, with adjusted operating profit at $624 million. Packaged Meats had an operating profit margin of 13.8%, while Fresh Pork saw an operating profit margin of 2.7%. The company’s financial position remains strong, with $3,225 million in available liquidity as of June 29, 2025. Smithfield Foods is increasing its outlook for fiscal year 2025, with total company sales expected to increase in the low-to-mid-single-digit percent range compared to the previous year.
A conference call to discuss the second quarter 2025 financial results is scheduled for August 12, 2025, at 9:00 a.m. Eastern Time. The company’s non-GAAP financial measures include adjusted net income, EBITDA, and adjusted EBITDA to provide a better understanding of underlying operating results. Smithfield Foods continues to focus on meeting consumer demand for quality protein while navigating a dynamic macroeconomic environment.
Read more at GlobeNewswire: Smithfield Foods’ Strategy Execution and Agile Business