Smithfield Foods, Inc. reported strong year-over-year profit growth for its fiscal 2025 first quarter ended March 30, 2025, on April 29, 2025. Operating profit reached $321 million, a 96.7% increase from $163 million in Q1 2024, with adjusted operating profit rising over 85% to $326 million.
Consolidated sales for the quarter increased by 9.5% year-over-year to $3.771 billion. This growth was driven by a 32.0% surge in Hog Production sales to $932 million, which also saw a significant turnaround to a $1 million operating profit from a $174 million loss in the prior year period.
The company reaffirmed its fiscal year 2025 outlook, originally provided on March 25, 2025, anticipating continued operating profit expansion. Smithfield also noted its strong liquidity of $3.230 billion and a net debt to Adjusted EBITDA ratio of 0.7x, providing financial flexibility.
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