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PILGRIMS PRIDE (PPC)

Earnings summaries and quarterly performance for PILGRIMS PRIDE.

Recent press releases and 8-K filings for PPC.

Pilgrim's Pride Reports Q3 2025 Results and Provides Business Updates
PPC
Earnings
New Projects/Investments
Guidance Update
  • Pilgrim's Pride reported net revenues of $4.76 billion and adjusted EBITDA of $633.1 million for Q3 2025, resulting in an adjusted EBITDA margin of 13.3%. This compares to net revenues of $4.58 billion and adjusted EBITDA of $660.4 million with a 14.4% margin in Q3 2024.
  • The company is executing on growth investments in the U.S. and Mexico, including converting a Big Bird facility to Case Ready, constructing new protein conversion and prepared foods plants, all of which remain on schedule. These investments aim to enhance competitive differentiation, diversify the portfolio, and improve operating efficiencies.
  • Pilgrim's Pride anticipates full-year CapEx to approximate $700 million and has paid $2 billion in dividends this year. The company maintains a strong balance sheet with net debt less than $2.5 billion and a leverage ratio of slightly more than 1x its last 12 months adjusted EBITDA as of Q3 2025.
  • The USDA forecasts a 2% year-over-year increase in broiler production for 2025, with a 2.3% increase during Q4, while overall protein availability is projected to grow only 0.8%. The company expects strong demand for chicken to continue into 2026, with no significant increase in chicken supply anticipated.
Oct 30, 2025, 1:00 PM
Pilgrim's Pride Corporation Announces Q3 2025 Financial Results
PPC
Earnings
Demand Weakening
Dividends
  • Pilgrim's Pride Corporation (PPC) reported Net Revenue of $4,759.3 million for Q3 2025, an increase from $4,585.0 million in Q3 2024, but experienced a decline in profitability with Net Income of $343.1 million and Earnings Per Share (EPS) of $1.44, down from $350.0 million and $1.47 respectively in Q3 2024.
  • The company's Adjusted EBITDA decreased to $633.1 million in Q3 2025 from $660.4 million in Q3 2024, resulting in an Adjusted EBITDA Margin of 13.3%, down from 14.4%.
  • This decrease in profitability was primarily driven by lower pricing late in the quarter in the U.S., lower market prices and live production challenges in Mexico, and product mix and volume declines in Europe.
  • SG&A expenses increased due to legal settlements and defense costs, and net interest rose due to a lower cash balance following $2 billion in dividends paid in 2025.
Oct 30, 2025, 1:00 PM
PPC Reports Q3 2025 Financial Results with Revenue Growth and Ongoing Investments
PPC
Earnings
New Projects/Investments
Demand Weakening
  • PPC reported net revenues of $4.76 billion and adjusted EBITDA of $633.1 million for Q3 2025, resulting in an adjusted EBITDA margin of 13.3%.
  • The company achieved year-over-year sales growth across all regions, with the U.S. up 2.3%, Mexico over 5%, and Europe over 6%, although adjusted EBITDA margins slightly decreased in all segments compared to the prior year.
  • Demand for chicken remained strong in both retail and foodservice channels, driven by its relative affordability compared to other proteins, despite macroeconomic indicators shaping consumer behavior and lower traffic in foodservice.
  • PPC continues its strategic investments in growth projects, including facility conversions and new plant construction in the U.S. and Mexico, with full-year CapEx anticipated to be approximately $700 million.
Oct 30, 2025, 1:00 PM
Pilgrim's Pride Reports Q3 2025 Financial Results and Strategic Investments
PPC
Earnings
New Projects/Investments
Dividends
  • For Q3 2025, Pilgrim's Pride reported net revenues of $4.76 billion and adjusted EBITDA of $633.1 million, achieving an adjusted EBITDA margin of 13.3%.
  • The company is undertaking significant strategic investments, with $182 million in CapEx during Q3 2025 and an anticipated full-year CapEx of approximately $700 million, focused on converting facilities and expanding prepared foods operations in the U.S. and Mexico.
  • USDA forecasts indicate a 2% year-over-year increase in U.S. broiler production for 2025, with a 2.3% increase expected in Q4, while overall protein availability is projected to grow by only 0.8% for 2025, with chicken being the sole protein expected to increase.
  • Pilgrim's Pride maintains a strong financial position with $1.7 billion in total cash and available credit and net debt of less than $2.5 billion, resulting in a leverage ratio of slightly more than 1x its last 12 months adjusted EBITDA, after paying $2 billion in dividends this year.
Oct 30, 2025, 1:00 PM
Pilgrim's Pride Corporation Announces Q3 2025 Financial Results
PPC
Earnings
Demand Weakening
Dividends
  • Pilgrim's Pride Corporation reported Net Revenue of $4,759.3 million for Q3 2025, an increase from $4,585.0 million in Q3 2024.
  • Net Income for Q3 2025 was $343.1 million, down from $350.0 million in Q3 2024, leading to Earnings Per Share (EPS) of $1.44 compared to $1.47 in the prior year quarter.
  • Adjusted EBITDA for Q3 2025 decreased to $633.1 million from $660.4 million in Q3 2024, primarily driven by lower pricing in Mexico and reduced volume in Europe.
  • Profitability in the U.S. declined year-over-year due to lower pricing late in the quarter, while SG&A expenses increased primarily from legal settlements and defense costs.
  • Net interest expense rose in Q3 2025, attributed to a lower cash balance following the payment of $2 billion in dividends in 2025.
Oct 29, 2025, 10:35 PM
Pilgrim's Pride Reports Q3 2025 Results
PPC
Earnings
Dividends
New Projects/Investments
  • Pilgrim's Pride reported net sales of $4.8 billion and operating income of $492.6 million for the third quarter of 2025.
  • For Q3 2025, GAAP EPS was $1.44 and Adjusted EPS was $1.52.
  • The company's Adjusted EBITDA for Q3 2025 was $633.1 million, representing a 13.3% margin.
  • Pilgrim's Pride is on track with new investments totaling over $500 million in the U.S. over the next two years and maintained a strong liquidity position after $2 billion in special dividends during the year.
Oct 29, 2025, 10:34 PM
Pilgrim's Pride Reports Third Quarter 2025 Results
PPC
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
  • Pilgrim's Pride Corporation reported net sales of $4.76 billion for the third quarter of 2025, with GAAP EPS at $1.44 and Adjusted EPS at $1.52.
  • The company achieved a consolidated GAAP operating income margin of 10.4% and Adjusted EBITDA of $633.1 million, representing a 13.3% margin for the third quarter of 2025.
  • U.S. Prepared Foods net sales increased over 25% compared to the prior year, and new investments totaling over $500 million in the U.S. are on track to support growth.
  • Pilgrim's Pride maintains a strong liquidity position and balance sheet flexibility, with net leverage approximately 1.0 times of Adjusted EBITDA.
Oct 29, 2025, 8:30 PM