What Does This $450 Million Acquisition Mean for Smithfield Foods (SFD) [Yahoo! Finance]
Smithfield Foods, Inc. (SFD)
Company Research
Source: Yahoo! Finance
On March 9, Smithfield Foods Inc. (NASDAQ:SFD) shared that the company is expected to complete its $450 million acquisition of Nathan's Famous Inc. (NASDAQ:NATH) during the first half of the year. Smithfield has full brand ownership and strategic control over Nathan's long-standing licensing relationship because of the agreement. Copyright: bhofack2 / 123RF Stock Photo The company claims that the transaction is a logical fit that unites another leading brand into its portfolio of packaged meats, boosts the presence of beef while using scale in manufacturing, marketing, retail, and foodservice distribution, and encourages long-term sales and cash flow visibility. The company targets approximately $9 million in annual cost synergies by the second anniversary of closing and expects the deal to be immediately accretive to adjusted earnings per share. On February 17, Smithfield Foods Inc. (NASDAQ:SFD) announced its plan to build a new processing facility in Sioux Falls, South Dakota
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SFD
News
- Smithfield Foods to Announce First Quarter Fiscal 2026 Results on April 28, 2026GlobeNewswire
- Smithfield® and Pabst Blue Ribbon Kick Off Grilling Season with a Bold New Beer BratGlobeNewswire
- 4 Stocks Trading Near 52-Week High With More Upside Potential [Yahoo! Finance]Yahoo! Finance
- Smithfield Foods (SFD) was upgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=SFD&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "hold" to MarketBeat
- Smithfield Foods Roasts Q4 Estimates: Is a $30 Price Handle Near? [Yahoo! Finance]Yahoo! Finance
SFD
Earnings
- 3/24/26 - Beat
SFD
Sec Filings
- 3/24/26 - Form 10-K
- 3/24/26 - Form 8-K
- 3/12/26 - Form 4
- SFD's page on the SEC website