Smithfield Foods Reports $211M Profit, Projects Strong Growth for 2025

The pork giant's focus on packaged meats and cost-cutting measures boosts profitability, with shares rising after its first post-IPO earnings report.

Smithfield Foods reported a fourth-quarter profit of $211 million on $3.95 billion in sales, a significant turnaround from a $131 million loss a year earlier.
The company forecasts fiscal 2025 adjusted operating profit between $1.10 billion and $1.30 billion, surpassing the $1.12 billion reported for fiscal 2024.
Sales in the packaged meats segment, which constitutes 59% of total revenue, increased by 2.2% in the fourth quarter, reflecting strong consumer demand.
Smithfield's strategic shift away from hog ownership toward purchasing hogs has reduced input costs, improving operational efficiency.
Shares rose 3.5% in premarket trading following the earnings report, signaling investor confidence in the company's growth trajectory.