Quarterly ResultJul 30, 2026, 06:08 AM
Pilgrim's Pride Q2 Net Income $13.2M, EPS $0.06; Revenue $4.63B
AI Summary
Pilgrim's Pride Corporation reported a significant decline in its second quarter 2026 financial results. Net revenue decreased to $4.63 billion, while net income plummeted to $13.2 million, resulting in an EPS of $0.06. Adjusted EBITDA also saw a substantial drop to $360.0 million. The company attributed the declines to lower commodity market pricing in the U.S., reduced European pork prices, and challenging growing conditions in Mexico, alongside increased legal settlements and a loss on early debt extinguishment.
Key Highlights
- Net Revenue for Q2 2026 decreased to $4,626.2 million from $4,757.4 million in Q2 2025.
- Net Income for Q2 2026 significantly declined to $13.2 million from $356.0 million in Q2 2025.
- Earnings Per Share (EPS) for Q2 2026 was $0.06, down from $1.49 in Q2 2025.
- Adjusted EBITDA for Q2 2026 fell to $360.0 million from $686.9 million in Q2 2025.
- Selling, General & Administrative (SG&A) expenses increased to $265.1 million from $199.5 million YoY.
- Net interest expense rose to $46.1 million, including a $16 million loss on early extinguishment of debt.
- US Adjusted Operating Income was $150.2 million (5.7% margin), Europe $69.3 million (5.0% margin), and Mexico $16.5 million (2.8% margin).
- Capital spending for Q2 2026 was $230 million, contributing to a total of $235 million for Q1 2026.
Price Impact
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