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Stock impact report

Smithfield Foods beat quarterly results estimates on resilient demand for pork [BNN Bloomberg (Canada)]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
More U.S. consumers are opting to cook at home than dine out as they tighten their budgets amid persistently high cost of living, driving sales for companies such as Smithfield. Demand surged during the holiday season as shoppers turned to protein-rich staples like pork and processed meats for festive meals, helping lift volumes despite broader pressure on household spending. The company bought hot dog brand Nathan's Famous in a US$450 million deal in January. The company's sales rose seven per cent to $4.23 billion during the quarter compared to analysts' expectations of $4.14 billion, according to data compiled by LSEG. Packaged meat sales rose 4.3 per cent in the quarter ended Dec. 28 from a year earlier. It is a major revenue-generating segment for Smithfield. Fresh pork sales increased 2.1 per cent. “Looking ahead to 2026, our objective is to again grow sales and profitability and we see a long runway ahead for future growth led by our flagship Packaged Meats segment a Show less Read more
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