Smithfield Foods predicts slowdown in sales growth after debut IPO year
Yahoo Finance·2026-03-24 12:44
US meat packer Smithfield Foods is predicting a slowdown in sales growth but with potential upside in operating profit for its new fiscal year. The packaged meats and fresh pork supplier announced its first full-year results today (24 March) since going public on the Nasdaq exchange, with net sales up 9.8% at $15.5bn in the period to 28 December. After a year that president and CEO Shane Smith said was marked by “significant market headwinds”, Smithfield Foods is guiding to low-single-digit sales growth ...