FY 2026 Outlook

The Company is providing its initial financial outlook for fiscal 2026 as follows:

  • Total Company sales to be up low-single-digits compared to fiscal year 2025.
     
  • Packaged Meats segment adjusted operating profit of between $1,100 million to $1,200 million.
     
  • Fresh Pork segment adjusted operating profit of between $200 million to $260 million.
     
  • Hog Production segment adjusted operating profit of between $150 million to $200 million.
     
  • Total Company adjusted operating profit of between $1,325 million to $1,475 million.
     
  • Capital expenditures of between $350 million to $450 million. Capital expenditures include investments in profit improvement projects as well as projects for maintenance and repair.
     
  • An effective tax rate of between 22.5% and 24.5%.

The Company's outlook for 2026 includes 53 weeks of results. The outlook excludes the impact of the proposed Nathan's Famous acquisition and investment in the new processing facility in Sioux Falls, South Dakota.