Pandemic weighed heavily on Smithfield Foods' second quarter
Story Date: 8/12/2020

 

Source:NATIONAL HOG FARMER, 8/11/20


Smithfield Foods, Inc. announced Tuesday the company has spent $350 million to protect its team members and the American food supply during the COVID-19 pandemic, causing adjusted operating results to swing to a loss in the second quarter of 2020. The company says the first half of 2020 was "a tale of two tapes": pre-pandemic and pandemic.

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