WH Group (288) Q2 2026 earnings summary

Executive summary

• Report covers Smithfield's unaudited financial results for the six months ended 28 June 2026, prepared under US GAAP.

• Net income attributable to Smithfield rose to $484 million from $412 million year-over-year.

• Comprehensive income attributable to Smithfield increased to $494 million from $432 million year-over-year.

Financial highlights

• Sales totaled $7,500 million, slightly down from $7,558 million year-over-year.

• Gross profit was $990 million, compared to $1,008 million in the prior year period.

• Operating profit increased to $623 million from $582 million year-over-year.

• Net income per diluted share was $1.23, up from $1.05 year-over-year.

• Comprehensive income attributable to Smithfield reached $494 million, up from $432 million.

Key financial ratios and metrics

• Gross margin for the period was approximately 13.2%.

• Operating margin improved to 8.3% from 7.7% year-over-year.

• Net margin attributable to Smithfield was 6.5%, up from 5.5% year-over-year.