Smithfield Foods - food industry company news 
US: Costs hit Smithfield Q2 earnings
8 December 2011
US meat giant Smithfield Foods today (8 December) posted a drop in second-quarter profits amid higher input costs.
US: Smithfield to close US plant
14 November 2011
A subsidiary of US meat giant Smithfield Foods Friday has announced the closure of its plant in Portsmouth, Virginia, hitting 425 jobs.
US: Industry welcomes free trade deals
14 October 2011
Commodity, pork and dairy companies in the US have welcomed the passing of free trade deals with South Korea, Colombia and Panama.
US: Meat giant Smithfield reports "record" Q1
8 September 2011
US meat giant Smithfield Foods has today (8 September) reported what it said were "record" first-quarter results, with improved sales and earnings.
US: Justice Department sues Smithfield unit for discrimination
28 June 2011
The US Justice Department has filed a lawsuit against Smithfield Food's Farmland Foods for allegedly discriminating against non-US citizens in its recruitment process.
Quote, unquote: just-food's week in words
17 June 2011
Not everyone was happy that a deal was struck within the EU this week on how to compensate farmers affected by Europe's E. coli outbreak, with Spanish farmers demanding more after being particularly hit by the scandal. Elsewhere, commodity prices - both in the future and now - remained a subject of discussion, while retail analysts looked at Tesco's first-quarter sales numbers and at the future for Metro Group's Makro operations in the UK.
US: Fresh pork, hog units boost Smithfield FY profits
16 June 2011
US meat processor Smithfield Foods today (16 June) reported "record" annual results as the company's hog production arm moved into the black and profits from fresh pork rose.
US/SPAIN: Smithfield ends plan to take control of Campofrio
3 June 2011
US meat company Smithfield Foods has ended talks to buy a controlling stake in Campofrio Food Group.
Editor's choice: the highlights on just-food this week
3 June 2011
There was, in truth, one story that dominated the headlines in the food industry this week, with the e.coli scare in Europe. Wal-Mart Stores' success in securing approval for its acquisition of 51% of South African retailer Massmart was also notable. Coincidentally, the latest just-food interview also focused on South Africa, as we spoke to the head of Kraft Foods' operations in the country and the wider southern Africa region. And, the last few days, has seen the publication of the latest just-food briefing, which focuses on the divisive issue of GM.
SPAIN: Commodity costs dent Campofrio profits
12 May 2011
Meat processor Campofrio reported a decline in net profit during the first quarter of 2011 on the back of higher raw material costs.
Collaborative approach sets UK apart on animal welfare
11 May 2011
Animal welfare is becoming an increasingly important issue for consumers both in the UK and the US. However, Ben Cooper writes, while progress in the UK has been underpinned by collaboration between industry and NGOs, the same spirit of cooperation has so far been largely lacking on the other side of the Atlantic.
US: Cargill buys Smithfield hog plant
28 April 2011
Cargill's pork business has acquired a Texas-based hog production site from Smithfield Foods subsidiary Premium Standard Farms for approximately US$33m.
Best bits: Diamond, Smithfield look to expand outside US
11 April 2011
Pringles, an anomaly in a Procter & Gamble portfolio that spans categories as diverse as batteries and fabric conditioner, was always going to be sold. The questions surrounded when and to whom.
Editor's choice: the highlights on just-food this week
8 April 2011
Diamond Foods' move for global snacks brand Pringles was the stand-out story this week, with the US snack firm set to add to a burgeoning stable that already includes Kettle Foods. Elsewhere, Smithfield Foods announced plans to take a majority stake in Europe's largest packaged meats maker Campofrio, while Marks and Spencer struck an upbeat tone as it published its latest sales figures. Click on the headlines to find out more.
US/SPAIN: Smithfield eyes majority stake in Campofrio
7 April 2011
Smithfield Foods is looking to increase its shareholding in Campofrio Food Group and take a majority stake in the Spanish processed meats maker.
ITALY: Campofrio completes Cesare Fiorucci buy
5 April 2011
Spanish meat firm Campofrio has completed its acquisition of Italian meat processor Cesare Fiorucci.
US: Improvements in pork drive Smithfield earnings
10 March 2011
US meat group Smithfield Foods has revealed that improvements made at its restructured pork business have allowed it to capitalise on growing demand over the first nine months of its fiscal year.
SPAIN: Campofrio eyes organic growth
10 March 2011
Spain's Campofrio Food Group has indicated that it anticipates organic sales growth of 2-4% year-on-year to 2012.
US: Smithfield shuffles board
9 March 2011
US meat company Smithfield Foods has announced two appointments to its board of directors.
US: Smithfield Foods broadcasts pork production videos
8 March 2011
US pork giant Smithfield Foods, which has faced accusations of animal cruelty, has launched a series of videos that provide a "behind-the-scenes look" at production at one of its subsidiaries.
US: Smithfield sells Oklahoma hog assets to Prestage Farms
1 February 2011
US meat producer Smithfield Foods has sold its hog production operations in Texhoma, Oklahoma to Prestage Farms.
US: Smithfield Foods posts "record" Q2
9 December 2010
US meat producer Smithfield Foods today (9 December) posted "record" second-quarter results today (9 December) driven by higher prices in the pork business.
The just-food management briefing - how to green your supply chain - part I
25 October 2010
Sustainability is a buzzword including in many a corporate brochure and its ubiquity can attract cynicism about a company's policies to mitigate their impact on the environment. However, food makers and retailers are building the issue into how they interact.
US: Smithfield Foods quits Butterball turkey venture
10 September 2010
US meat giant Smithfield Foods has sold its stake in turkey processor Butterball.
US: Smithfield Foods swings into profit
8 September 2010
Meat producer Smithfield Foods swing into profit during its fiscal first quarter due to better selling prices in the pork segment and higher live hog prices.
US: Smithfield Foods EVP retires
17 August 2010
US pork processor Smithfield Foods has announced that its executive vice president, Richard Poulson, will retire from the company, effective 1 September.
Brenda Barnes' tenure as CEO of Sara Lee
9 August 2010
The board of directors of Sara Lee this morning (9 August) announced that Brenda Barnes will step down permanently from her roles as chairman and CEO in order to focus on improving her health after suffering a stroke in May.
BRAZIL/US: JBS to buy McElhaney Feedyard
1 July 2010
Brazilian meat giant JBS is to buy US cattle busines McElhaney Feedyard for US$24m.
Comment: JBS may bite off more than it could chew with Smithfield
30 June 2010
A telling reaction to rumours that JBS could look to hold talks with Smithfield Foods to buy the US business was the slump in the Brazilian meat giant's share price.
US/BRAZIL: Smithfield shares jump on JBS takeover talk
29 June 2010
Shares in US meat giant Smithfield Foods jumped almost 9% today (29 June) after reports in Brazil said local meat processor JBS could hold discussions to buy the business.
Related research
Smithfield Foods, Inc. - SWOT Analysis
Datamonitor's Smithfield Foods, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Smithfield Foods, Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Smithfield Foods (Smithfield or ‘the company’) is one of the leading pork producer and pork processor in the world. The company produces more than 50 brands of pork products and more than 200 gourmet foods. Smithfield primarily operates in the US. It is headquartered in Smithfield, Virginia and employs 48,000 people. The company recorded revenues of $11,202.6 million during the financial year ended April 2010 (FY2010), a decrease of 10.3% as compared to 2009. The operating profit of the company was $62.8 million in FY2010, as compared to the operating loss of $223.9 million in 2009. The net loss was $101.4 million in FY2010, as compared to the net loss of $198.4 million in 2009.
Smithfield Foods, Inc. - Strategy and SWOT Report
Datamonitors' Smithfield Foods, Inc.’s SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, key financials and corporate actions, providing a 360° view of the company.
Smithfield Foods, Inc. (SFD) - Financial and Strategic Analysis Review
Smithfield Foods, Inc. (Smithfield) is a US based packaged food company. Smithfield is principally engaged in producing fresh meat and packaged meats products both domestically and internationally. The company is involved in pork processing and hog production. Smithfield operates through subsidiaries and joint ventures. It produces wide range of pork, turkey and hog meet products. The company sells its products under several brands such as Armour, Cook's, John Morrell, Lykes, Patrick Cudahy, Smithfield Premium Names, Butterball, Carolina Turkey, Farmland, Patrickcudahy, Eckrich, Curly, and Cumbeerland Gap. The company is headquartered in Smithfield, Virginia, the US
