November 2, 2026
We have adjusted our EPS estimates to account for the recently announced Brakebush acquisition (expected to close during Q1’27) and a more cautious view of volume growth/margins in the legacy business. We have estimated Brakebush…
November 2, 2026
Smithfield’s Q3 EBIT modestly exceeded our projection reflecting lower-than-expected corp/unallocated expense and slightly higher earnings from Packaged Meats; both Hog Production and Fresh Pork trailed us. It essentially kept the midpoint of its full-year PM…
October 23, 2026
We have reduced our H2 and full-year 2026 estimates, as well as our 2027 projection. Slower-than-expected demand in the North American market, as well as somewhat higher costs, is the primary driver of a more…
October 22, 2026
Less than one month after its Q2 report, Smithfield preannounced weaker-than-expected Q3 results reflecting sustained weakness in pork margins and further deterioration in live hog production fundamentals, thereby starkly highlighting the unusually intense pressures besetting…
October 22, 2026
Approximately one month after its Q3 report, TSN preannounced disappointing Q4 results reflecting weaker demand in Chicken and more difficult market conditions for Pork (see our Smithfield note pubished today). Further, it anticipates substantial losses…
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Heather L. Jones founded Heather Jones Research, LLC in May 2019. She has worked in equity research for over 20 years including stints on both the buy- and sell-side. She has worked at Bear Stearns, BB&T and most recently, Candlestick Capital, LLC. In StarMine’s 2013 Analyst Awards for Excellence, she was ranked #1 stock picker in the Food Products category. She was also named top stock picker for 2012 in the Food and Tobacco industry in The Wall Street Journal’s annual “Best on the Street” analyst survey. In 2007, Jones placed third in her industry. She was also ranked #1 in the food industry by Forbes.com in its 2009 “Blue Chip Analyst” awards survey.
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