Smithfield Foods Reports Fiscal 2026 Third Quarter Results and Completes Nathan's Famous Acquisition

Smithfield Foods reported fiscal 2026 third-quarter sales of $3.4 billion, down 8.3% year over year, and operating profit of $127 million. Strong Packaged Meats performance was offset by softer commodity markets affecting upstream segments; Packaged Meats remains on track for its fifth consecutive year with more than $1 billion in operating profit. Smithfield completed its acquisition of Nathan’s Famous to expand its packaged meats brand portfolio and updated its fiscal 2026 outlook to reflect market conditions and performance trends.