Smithfield Foods, Inc. (NASDAQ:SFD) reported in-line earnings for the second quarter on Tuesday.
The company posted quarterly earnings of 55 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $3.786 billion which beat the analyst consensus estimate of $3.630 billion.
For fiscal year 2025, the company has updated its financial outlook, showing increased optimism in some areas while maintaining a steady course in others.
It is reaffirming its expectation for total company sales to grow by a low-to-mid-single-digit percentage compared to fiscal year 2024. This projection specifically excludes the sales impact from the Hog Production segment’s transactions with Murphy Family Farms and VisionAg.
“Our strong second quarter results demonstrate the …