WH Group's nine-month revenue rises 0.6%, profit drops 12.9%

Overview

• Global pork producer's nine-month revenue rose 0.6% yr/yr

• Net income attributable to owners fell 12.9% yr/yr

• Company completed acquisition of Nathan's Famous in October 2026

Outlook

• Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

• PACKAGED MEATS SALES - Sales volume of packaged meats increased 3.9% yr/yr, with growth in China and Europe offsetting weaker demand in North America

• LOW HOG PRICES - Persistently low hog prices in China and Europe led to operating losses in pork segment, with China recording a US$4 mln loss and Europe a US$16 mln loss

• NATHAN'S FAMOUS ACQUISITION - Completion of Nathan's Famous acquisition contributed to increased sales volume in Europe

Company press release: Full Story

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the food processing peer group is "buy"

• Wall Street's median 12-month price target for WH Group Limited is HK$9.40, about 49.2% above its October 26 closing price of HK$6.30

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)