Quarterly net income of $238.0M against $188.0M a year earlier; Smithfield Q2 FY26: Operating income +11.5% YoY; revenue -2.3% on 53-week calendar

Filed August 11, 2026 · Period ending June 28, 2026 · Compared to 10-Q Aug 12, 2025 · ~1 min read

Key Changes

• high

  Operating income rose 12% YoY to $290M despite revenue declining 2.3% to $3.7B, reflecting the prior year's 53-week fiscal calendar (current year 52 weeks). The revenue comparison is not demand-driven; the extra week in FY25 inflates the baseline.

  MD&A: Results of Operations verify on EDGAR →
• high

  no significant litigation charges in H1 FY26 vs $80M in H1 FY25. Antitrust opt-out cases reduced from 22 to 14. Smithfield is now sole defendant in wage-fixing class action after all co-defendants settled.

  Legal Proceedings verify on EDGAR →
• high

  H1 FY26 dividend payments totaled $246M vs $197M in H1 FY25.

  MD&A: Capital Allocation verify on EDGAR →