Smithfield said total sales fell 1.2% to $3.95 billion in the quarter ended Dec. 29, and profit per share was 54 cents, compared with a loss of 25 cents a year earlier.

Smithfield Foods offers a compelling value proposition with a low 10x P/E, a 4.4% dividend yield, and a projected 35%+ upside based on conservative forward earnings. SFD posted 9.5% YoY revenue ...

Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.

Editor’s note: The article has been updated with comments from Smithfield. The U.S.-based subsidiary of Hong Kong’s WH Group Ltd. WHGLY, Smithfield Foods Inc., is reportedly gearing up for a U ...

Smithfield is currently owned by Hong Kong-based WH Group Ltd., which acquired it in 2013 for $4.7 billion —it was the largest Chinese takeover of a U.S. company at the time.

Smithfield Foods is headquartered in Smithfield, Va., since 1936, and employs nearly 40,000 people in the U.S. — over 10,000 residing in North Carolina. This closure of this plant will affect ...