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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

$20.61 bln

9M Net Income Attributable

$881 mln


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


Reuters Recommended Reads

  • Oct 27 - China is back in the bull semen market, but only the best will do

  • Oct 26 - India's Tata Consumer Products beats quarterly profit view on packaged food demand

  • Oct 24 - Lindt got chocolate price hikes wrong, chairman says after CEO's ouster


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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