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Stock impact report

Smithfield Foods predicts slowdown in sales growth after debut IPO year [Yahoo! Finance]

Nathan's Famous, Inc. (NATH) 
Company Research Source: Yahoo! Finance
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 for the 2026 financial year. That is despite an extra week of reporting. However, the 53-week outlook does not include the Nathan's Famous hot-dog business it has acquired this year , a transaction valued at $450m. Smithfield Foods, a subsidiary of China's WH Group, expects adjusted operating profit to deliver a range of $1.33bn to $1.48bn. The metric rose 30.5% last year to $1.34bn. Its largest sales revenue generator, packaged meats, is forecast to post an adjusted operating profit of $1.1bn to $1.2bn, superior to the $1.09bn in 2025. “Looking ahead to 2026, our objective is to again grow sales and profitability a Show less Read more
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