Pilgrims Pride Corp
NASDAQ:PPC

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Pilgrims Pride Corp Logo
Pilgrims Pride Corp
NASDAQ:PPC
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Price: 39.87 USD 2.26% Market Closed
Market Cap: 9.5B USD

Pilgrims Pride Corp
Investor Relations

Pilgrim’s Pride Corporation began its journey in the heartland of American agricultural prowess, establishing itself as a significant player in the global food sector. Emerging from its humble roots, the company evolved into one of the largest poultry producers in the world. Pilgrim’s operations span the entire poultry production process, from breeding to distribution, showcasing an impressive vertically integrated model. This comprehensive approach allows the company to exercise significant control over its supply chain, providing a consistent and quality product while optimizing cost efficiencies. Pilgrim’s Pride processes millions of chickens weekly, supplying fresh, frozen, and value-added poultry products to a diverse range of customers, including major retailers, foodservice distributors, and restaurants across the globe.

The company’s strategic focus on operational efficiency and product innovation keeps it competitive in the crowded meat production market. Pilgrim's Pride generates revenue by leveraging its extensive portfolio of branded and private label offerings. This portfolio includes premium fresh chicken, prepared foods, and additional protein sources, such as pork, through its acquisition of multiple processing facilities worldwide. By catering to varying consumer preferences and maintaining rigorous safety and quality standards, Pilgrim's successfully taps into both domestic and international markets. Their ability to adapt to changing consumer trends, alongside vast distribution capabilities, sustains their business model, making them a formidable name in the poultry industry.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Revenue Growth: Pilgrim's Pride reported Q3 2025 net revenues of $4.8 billion, up from $4.58 billion last year, with growth across the U.S., Mexico, and Europe.

Margins Under Pressure: Adjusted EBITDA margin was 13.3%, down from 14.4% in Q3 2024, reflecting higher input costs and some market volatility.

Segment Performance: Prepared Foods net sales grew over 25%, and the Just BARE brand gained nearly 300 basis points in retail share. Mexico and Europe also saw revenue growth, though margins declined.

Commodity Volatility: The company faced volatile commodity chicken prices in September, but operational improvements and portfolio diversification helped maintain margin stability.

Portfolio Diversification: Only about 25% of pricing contracts are now tied to commodity exposure, a significant reduction from previous years.

CapEx and Investments: $182 million was spent on capital projects in Q3, and full-year CapEx is expected to reach $700 million, with growth investments on track in both the U.S. and Mexico.

Strong Balance Sheet: Ended Q3 with $1.7 billion in liquidity, less than $2.5 billion in net debt, and a leverage ratio just above 1x EBITDA, despite paying $2 billion in dividends in 2025.

Guidance and Outlook: Management expects continued strong chicken demand, balanced supply, and no major input cost spikes going into Q4 and 2026.

Key Financials
Revenue
$4.8B
Adjusted EBITDA
$633M
Adjusted EBITDA Margin
13.3%
U.S. Adjusted EBITDA
$479.1M
U.S. Adjusted EBITDA Margin
16.9%
Europe Adjusted EBITDA
$110.4M
Europe Adjusted EBITDA Margin
7.9%
Mexico Adjusted EBITDA
$43.7M
Mexico Adjusted EBITDA Margin
8.2%
Prepared Foods Net Sales Growth
Over 25%
Just BARE Retail Share Gain
Nearly 300 basis points
Revenue Growth (U.S.)
2.3%
Revenue Growth (Mexico)
Over 5%
Revenue Growth (Europe)
Over 6%
Total Cash and Available Credit
$1.7B
Net Debt
Less than $2.5B
Leverage Ratio
Slightly more than 1x last 12 months adjusted EBITDA
Net Interest Expense
$29M (Q3)
CapEx (Q3)
$182M
Effective Tax Rate
25.6% (Q3)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Matthew R. Galvanoni
VP, CFO & Chief Accounting Officer
No Bio Available
Mr. James J. Miner Ph.D.
Senior Vice President of Technical Services
No Bio Available
Mr. Andrew Rojeski
Head of Strategy, Investor Relations & Net-Zero Programs
No Bio Available
Ms. Lisa Burdick
Head of Human Resources
No Bio Available
Ms. Kendra Waldbusser
Head of Global Food Safety & Quality Assurance
No Bio Available
Mr. Sergio Nahuz
Head of Prepared Foods
No Bio Available
Mr. Bernie Adcock
Head of Fresh
No Bio Available
Mr. Ivan Siqueira
President of Pilgrim's Europe
No Bio Available
Mr. Jesus Munoz
President of Pilgrim's Mexico
No Bio Available

Contacts

Address
COLORADO
Greeley
1770 Promontory Cir
Contacts
+19705068000.0
www.pilgrims.com