Overview

• US hot dog seller's fiscal Q4 revenue rose yr/yr, but net income and EPS declined

• Company cited higher beef costs and lower restaurant traffic for profit decline

• Pending acquisition by Smithfield Foods expected to close in H2 2026

Outlook

• Company expects Smithfield Foods merger to close in second half of 2026

Result Drivers

• HIGHER BEEF COSTS - Profitability was pressured by a 19% increase in the cost of beef and beef trimmings

• HIGHER SELLING PRICES - Average selling price for hot dogs increased by about 12%, partially offsetting cost pressures

• LOWER RESTAURANT TRAFFIC - Company-owned restaurant sales were impacted by lower foot traffic, especially at Coney Island, due to unfavorable weather

Company press release: ID:nGNX3yVgdy

Key Details

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