# Smithfield Q3 Earnings Drop

> Smithfield Foods reports 8.3% sales decline as pork value chain weakens.
- Title: Smithfield Q3 Earnings Drop · The Motley Fool | Shortify
- Summary: Smithfield Foods reports 8.3% sales decline as pork value chain weakens. Smithfield Foods reported $3.4 billion in Q3 sales down 8.3% year-over-year with…
- Keywords: smithfield, sfd, earnings, pork, pork complex, fresh pork, packaged meats, operating profit, dividend, nathan's famous, sioux falls, Drop
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/27/smithfield-sfd-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-27T17:39:02+00:00
- Read time: 1 min
- Topics: smithfield, sfd, q3, earnings, pork, pork complex, fresh pork, packaged meats, operating profit, dividend, nathan's famous, sioux falls
## Q3 Sales Decline
Consolidated sales dropped 8.3% to $3.4 billion year-over-year.
## Operating Profit Down
Adjusted operating profit fell to $145 million from $310 million in Q3 2025.
## Packaged Meats Performance
Packaged meats sales grew volume share despite 5.2% price decline.
## Fresh Pork Loss
Fresh pork sales dropped 17% with $89 million operating loss.
## Hog Production Decline
Hog production sales fell 15% to $691 million with $34 million profit.
## Q3 Profit Outlook
Packaged meats profit outlook: $1.09 billion to $1.14 billion for full year.
## Fresh Pork Outlook
Fresh pork profit outlook: $50 million loss to breakeven for fiscal 2026.
## Hog Production Outlook
Hog production profit outlook: $25 million loss to $25 million profit for full year.
## Dividend Announcement
Annual dividend of $1.25 per share with three quarterly payments.
## Nathan's Famous Acquisition
Completed acquisition of Nathan's Famous with immediate EPS accretion.
## Sioux Falls Plant Delay
Sioux Falls processing plant project delayed due to court decision.
## Pork Value Chain Weakness
U.S. consumers pressured by inflation, high gas prices, and reduced SNAP benefits.
## Export Challenges
Export opportunities eroded due to increased pork supply in Mexico and China.
## Input Cost Pressures
Diesel and resin costs elevated since Iran conflict began, accelerating in Q3.
## Packaged Meats Growth
Prime Fresh volume grew 17.9% with 7% increase in first-time buyers.
## Q4 Outlook
Full-year sales guidance down low-single digits with $900 million to $1 billion profit.
## Key takeaway

Smithfield Foods reported $3.4 billion in Q3 sales down 8.3% year-over-year with $145 million adjusted operating profit, citing softer pork demand and global oversupply.