Filing Flows › Smithfield Foods (SFD) › Guidance history
Smithfield Foods (SFD) guidance history: what it guided and what it reported
Smithfield Foods gave guidance in 8 earnings releases on file since Mar 25, 2025. Of 1 guided period since reported, it met or beat its own guidance once (100%). Tax rate: 1 of 1, on average -1.9 pts against the guided midpoint. Its releases raised guidance twice and lowered it once.
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.1B–$1.4B (Aug 12, 2025) → lowered $402M (Mar 24, 2026) → raised $1.3B–$1.5B (Apr 28, 2026) | — | to be reported | — |
| FY2025 | $1.1B–$1.3B (Mar 25, 2025) → reaffirmed $1.1B–$1.3B (Apr 29, 2025) → raised $1.2B–$1.3B (Oct 28, 2025) | — | — | — |
| Q4 2023 | $335M (Mar 25, 2025) | — | — | — |
Tax rate
Met or beat 1 of 1 periods (0 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | 23.0%–25.0% (Mar 25, 2025) → reaffirmed 23.0%–25.0% (Apr 29, 2025) → reaffirmed 23.0%–25.0% (Oct 28, 2025) | 22.1% | below the range | -1.9 pts |
| FY2026 | 23.0%–25.0% (Aug 12, 2025) → lowered 22.5%–24.5% (Mar 24, 2026) → reaffirmed 22.5%–24.5% (Apr 28, 2026) | — | to be reported | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $400M–$500M (Aug 12, 2025) → lowered $350M–$450M (Mar 24, 2026) → reaffirmed $350M–$450M (Apr 28, 2026) | — | to be reported | — |
| FY2025 | $400M–$500M (Mar 25, 2025) → reaffirmed $400M–$500M (Apr 29, 2025) → lowered $350M–$400M (Oct 28, 2025) | $341M (GAAP) | not judged | — |
The latest quarter
Smithfield Foods, Q3 2026: revenue $3.4B (-8% year over year), operating margin 3.7%, net earnings $89.0M, operating cash flow $161M. The chart follows the revenue to costs, profit and cash.
Questions
Does Smithfield Foods beat its guidance?
Smithfield Foods gave guidance in 8 earnings releases on file since Mar 25, 2025. Of 1 guided period since reported, it met or beat its own guidance once (100%). Tax rate: 1 of 1, on average -1.9 pts against the guided midpoint.
How often does Smithfield Foods raise guidance?
Its earnings releases raised guidance twice and lowered it once since Mar 25, 2025.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.