Quarterly ResultJul 29, 2026, 05:02 PM
Pilgrim's Pride Q2 Net Sales $4.6B; GAAP EPS $0.06, Adj. EPS $0.64
AI Summary
Pilgrim's Pride reported Q2 2026 net sales of $4.6 billion, a 2.8% decrease year-over-year. GAAP EPS significantly declined to $0.06 from $1.49, while Adjusted EPS was $0.64. Profitability was impacted by commodity market pricing reductions but showed sequential improvement due to productivity gains and plant upgrades. The company maintained a strong liquidity position with a net leverage ratio of 1.43x Adjusted EBITDA, below its target range.
Key Highlights
- Net Sales for Q2 2026 were $4.6 billion, a 2.8% decrease year-over-year.
- GAAP EPS for Q2 2026 was $0.06, down 96.0% from $1.49 in Q2 2025.
- Adjusted EPS for Q2 2026 was $0.64, compared to $1.70 in Q2 2025.
- Adjusted EBITDA reached $360.0 million, with a 7.8% margin.
- U.S. Fresh volumes rose from increased demand, with margins improving sequentially.
- Europe sales and volumes increased, but UK pork margins were impacted by excess imports.
- Mexico volumes grew, but margins were compressed by increased domestic production and imports.
- Net leverage ratio stood at 1.43x Adjusted EBITDA, below the target of 2x to 3x.
Price Impact
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