Smithfield Foods Stock Slumps 7.6% Despite Beat

Smithfield Foods shares dropped 7.6% to $26.91 after Q1 2026 earnings beat estimates but warned of cost pressures.
Company reported 1% sales growth, 4% adjusted operating profit increase, and 10% adjusted EPS rise, maintaining full‑year guidance.
Smithfield delayed its $450 million acquisition of Nathan’s Famous to H2 2025, citing the Iran war‑driven input costs and a partial U.S. government shutdown.
Barclays analysts highlighted strong results and advised to stay overweight despite near‑term headwinds.