Quarterly ResultApr 29, 2026, 04:57 PM
PPC Q1 Net Sales $4.53B (+1.6%); EPS $0.43 (-65.3%)
AI Summary
Pilgrim's Pride reported Q1 2026 net sales of $4.53 billion, a 1.6% increase year-over-year, but GAAP EPS fell 65.3% to $0.43. Operating income and Adjusted EBITDA also saw significant declines. The company highlighted accelerating growth in U.S. Prepared Foods, with Just Bare® retail sales up nearly 40%, and progress on a new value-added facility in Georgia. Strategic investments in U.S. Fresh are expected to reduce portfolio volatility, while Europe maintained steady results and Mexico grew branded volumes despite margin compression.
Key Highlights
- Net Sales increased 1.6% to $4.53 billion in Q1 2026.
- GAAP EPS decreased 65.3% to $0.43 from $1.24 year-over-year.
- Operating Income fell 59.8% to $162.6 million.
- Adjusted EBITDA declined 42.2% to $308.1 million, with a 6.8% margin.
- U.S. Prepared Foods retail sales for Just Bare® grew nearly 40% year-over-year.
- New value-added facility in Walker County, Georgia, remains on schedule.
- Net leverage ratio is 1.25x Adjusted EBITDA, below the target of 2x to 3x.
- Exceeded Scope 1 & 2 emissions intensity reduction targets for 2025.