Quarterly ResultApr 30, 2026, 06:12 AM
PPC Q1 Net Sales $4.5B (+1.6%); GAAP EPS $0.43 (-65.3%); Adj EBITDA $308.1M
AI Summary
Pilgrim's Pride Corporation reported first quarter 2026 net sales of $4.5 billion, a 1.6% increase year-over-year. However, GAAP EPS significantly decreased to $0.43 from $1.24, and Adjusted EBITDA fell to $308.1 million. The company highlighted healthy chicken demand and progress on growth projects, including the conversion of a U.S. Fresh plant and accelerated growth in U.S. Prepared Foods, with Just Bare® retail sales up nearly 40%. Europe maintained steady results, while Mexico's margins were compressed due to increased supply. Pilgrim's also surpassed its Scope 1 & 2 emissions intensity reduction targets and maintained a strong liquidity position.
Key Highlights
- Net Sales reached $4.5 billion, a 1.6% increase year-over-year.
- GAAP EPS was $0.43, a 65.3% decrease compared to prior year.
- Operating Income was $162.6 million, down 59.8% year-over-year.
- Adjusted EBITDA was $308.1 million, a 42.2% decrease year-over-year.
- U.S. Prepared Foods' Just Bare® retail sales increased nearly 40% year-over-year.
- Mexico branded sales volumes grew double digits compared to last year.
- Surpassed Scope 1 & 2 emissions intensity reduction targets for 2025.
- Maintained strong liquidity with a net leverage ratio of 1.25x Adjusted EBITDA.
Price Impact
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