The company said sales for Q2 (ended March 29, 2025) were flat from the prior year at $13,074 million, operating income was $100 million, and adjusted operating income (non-GAAP) was $515 million.

1. 01

   The company said sales for Q2 (ended March 29, 2025) were flat from the prior year at $13,074 million, operating income was $100 million, and adjusted operating income (non-GAAP) was $515 million.

2. 02

   The company said it recognized legal contingency accruals of $343 million as a reduction to sales in Q2, which equals 2.6% of Q2 sales. By segment, Beef was $93 million and Pork was $250 million.

3. 03

   The company said cash provided by operating activities for the first 6 months of the fiscal year was $846 million, down $331 million from the prior-year period, and free cash flow (non-GAAP) was $382 million. It said it reduced total debt by $738 million during Q2, and liquidity was $3.2 billion as of March 29.

4. 04

   The company said it expects total adjusted operating income for fiscal 2025 of $1.9 billion to $2.3 billion, free cash flow of $1.0 billion to $1.6 billion, and capital expenditures of $1.0 billion to $1.2 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.