智通财经网·2025-08-12 11:23Core Insights - Smithfield Foods reported a quarterly sales and profit increase, raising its full-year operating profit forecast due to strong demand for packaged meat products and fresh pork [1][2] - The company benefits from a shift in consumer behavior towards home cooking amid rising living costs and tariff fluctuations, creating favorable conditions for meat processing companies like Smithfield and Tyson Foods [1] Financial Performance - For the quarter ending June 29, sales increased by 11% to $3.79 billion, with adjusted operating profit at $298 million, maintaining an operating margin of 7.9% [1] - Adjusted earnings per share rose from $0.51 to $0.55 year-over-year [1] Segment Performance - Packaged meat products, a core revenue source, saw a 6.9% sales increase, with operating profit at $301 million, despite an 8.7% decline in profit margin to 14.5% [2] - Fresh pork sales grew by 5%, but operating profit dropped 39.3% to $35 million due to rising raw material costs and increased market competition [2] - The hog farming segment experienced a significant turnaround, with sales up 8.4% and operating profit shifting from a $2 million loss to a $22 million profit [2] Future Outlook - The company anticipates adjusted operating profit to reach between $1.15 billion and $1.35 billion by 2025, an increase from the previous forecast of $1.1 billion to $1.3 billion [2] - Revenue growth targets are maintained at low to mid-single digits [2] Cost Management - Smithfield has implemented cost-reduction measures, including workforce streamlining and increasing the proportion of purchased hogs, to enhance profitability [3]