| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 4.6K | 2.1% | 2.8% |
| Total Income | 4.6K | 2.1% | 2.8% |
| Expenditure | 4.6K | 4.3% | 7.4% |
| PBT | 21.79 | 83.5% | 95.4% |
| Net Profit | 13.38 | 86.8% | 96.2% |
| OPM | 1.43% | 2.16pp | 9.34pp |
| NPM | 0.29% | 1.95pp | 7.18pp |
| EPS | 0.06 | 86.0% | 96.0% |
Pilgrim's Pride Reports Q2 2026 Results with $4.6 Billion Net Sales
30 Jul 2026 · 30 Jul, 3:37 pm
Summary
Pilgrim's Pride Corporation reported second quarter 2026 net sales of $4.6 billion, a slight decrease of 2.8% year-over-year. The company posted a GAAP Net Income of $13.2 million ($0.06 per diluted share), compared to $355.5 million ($1.49 per diluted share) in the prior year quarter. Adjusted EBITDA for the quarter was $360.0 million, down from $686.9 million in Q2 2025. Management noted that while chicken demand remained firm, supply growth outpaced demand, impacting commodity markets. Investments in plant upgrades and portfolio diversification, particularly with the Just Bare® brand, are expected to improve resilience and mitigate commodity volatility.
Key Highlights
- 1
Pilgrim's Pride reported second quarter 2026 net sales of $4.6 billion.
- 2
Consolidated GAAP Operating Income margin was 1.4% for the second quarter of 2026.
- 3
GAAP Net Income for the second quarter was $13.2 million, resulting in GAAP EPS of $0.06.
- 4
Adjusted Net Income for the second quarter was $153.9 million, with Adjusted EPS of $0.64.
- 5
Adjusted EBITDA for the second quarter was $360.0 million, representing a 7.8% margin.
- 6
U.S. Prepared Foods drove profitable growth with sales and margins rising from last year, and Just Bare® retail sales increased over 30% versus prior year.
- 7
Europe sales and volumes rose due to continued marketplace momentum for poultry and meals offerings, with Rollover® sales growing double digits.
Management Comments
Fabio Sandri
Throughout the quarter, chicken demand remained firm in all regions as affordability continued to resonate with consumers across retail and foodservice. We continued our investments to drive sales growth and reduce volatility, mitigating downsides in the chicken commodity markets. While consumer interest in chicken continued to be healthy across all channels, supply growth rose faster than demand. Our relentless focus on closing operational gaps and further investments in plant upgrades to increase our internal supply capabilities and support Key Customer growth will further improve our ability to mitigate the impact of volatile commodity fundamentals, creating a more resilient earnings profile. The growth of Just Bare® continues to demonstrate our ability to diversify our portfolio through brands. Our investment in Walker County, Ga., will further enhance our operational capabilities, accelerating momentum of our value-added line up. Our diversified portfolio continues to demonstrate adaptability needed to meet consumer needs and drive volume growth through Key Customer partnerships. Equally important, we’ve secured additional distribution through our innovation and branded offerings that will further expand our presence. Demand for chicken continues to be robust throughout Mexico despite a significant increase in overall protein supply. The growth of our branded offerings and prepared foods along with our investments will further mitigate challenges from live commodity markets, improving our margin profile while reducing risk. Culture is paramount to our success. It attracts talent, retains team members and ultimately drives the success of our business. We will continue to be vigilant in embedding our unique values, strategies, and methods throughout all aspects of our organization.
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