Pilgrim's Pride Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw net revenues of $4.63B and adjusted EBITDA of $360M, with margins down year-over-year but sequentially improved. Prepared foods and branded products drove growth, while legal settlements and higher supply pressured margins. Investments in plant upgrades and portfolio diversification are expected to support future margin stability.
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Q1 2026 saw modest revenue growth but significant margin compression due to lower commodity prices, operational disruptions, and higher costs. Prepared foods and retail segments outperformed, while Europe and Mexico faced unique challenges. Strong liquidity and disciplined capital allocation support ongoing investments.
Fiscal Year 2025
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Record fiscal 2025 net revenues and Adjusted EBITDA were achieved, with strong U.S. and European performance offsetting volatility in Mexico. Strategic investments in prepared foods and geographic expansion continue, while chicken demand remains robust due to protein affordability and market trends.
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Q3 2025 saw $4.8B in revenue and $633M adjusted EBITDA, with strong demand and operational gains across U.S., Europe, and Mexico. Strategic investments, portfolio diversification, and stable input costs support a positive outlook, despite ongoing market volatility and export challenges.
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Q2 2025 saw 4.3% revenue growth and 4.7% higher Adjusted EBITDA, with strong U.S., Europe, and Mexico performance. Major investments and a $500M special dividend were announced, while CapEx and leverage remain conservative. Chicken demand and branded sales outpaced industry averages.
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Q1 2025 saw net revenues rise 2.3% to $4.5B and adjusted EBITDA surge 62% to $533M, with strong U.S. and European performance and continued growth in branded and prepared foods. CapEx remains on track at $750M, and liquidity is robust following a $1.5B special dividend.
Fiscal Year 2024
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Q4 and FY2024 saw strong margin expansion and operational improvements across all regions, with U.S., Europe, and Mexico delivering higher profitability. The company maintains a robust balance sheet, is investing in growth and sustainability, and expects continued demand strength in 2025.
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Q3 2024 saw net revenues rise 5.2% to $4.6B and Adjusted EBITDA more than double year-over-year, driven by strong U.S. and European performance, operational improvements, and robust demand. Margin expansion, disciplined capital allocation, and continued growth in branded and prepared foods position the company for sustained profitability.
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Q2 2024 saw net revenues rise 5.8% to $4.6B and adjusted EBITDA surge 164% to $666M, with margin expansion across all regions. Strong demand, operational efficiencies, and portfolio diversification drove growth, while CapEx guidance was raised to support further innovation and capacity.