PPC
Pilgrim's Pride Corporation39.15
-0.49-1.24%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Tight supply, CapEx details affirmed
Q&A reinforced tight U.S. supply outlook, pinning 2026 broiler growth at 1% from a 1.9% smaller breeding flock and hatchability lags. Management fleshed out CapEx pipeline, with Georgia prepared foods plant spilling into 2027 and a potential small bird-to-deboning conversion chasing boneless demand. Mexico Q4 import floods and central supply surges are stabilizing via south/peninsula expansions and $1.3B long-term investments to cut imports 35%. Europe faces pork overhang from Spanish ASF but eyes QoQ gains on chicken strength. Supply stays tight. Ancillaries include D&A at $520M, SG&A ~$140M/quarter. Investors track Mexico resilience, CapEx returns.
Key Stats
Market Cap
9.30BP/E (TTM)
7.59Basic EPS (TTM)
5.16Dividend Yield
0%Recent Filings
10-K
FY2025 results
Pilgrim's Pride posted FY2025 net sales of $18.5B, up 3.5% y/y, with U.S. fresh products driving volume gains amid easing feed costs. Europe surged 60.5% to $272M operating income on restructuring efficiencies and GBP strength, while Mexico slipped on FX headwinds despite mix gains. Q4 momentum shone through accelerated U.S. demand and Europe's cost cuts. Cash from operations hit $1.4B, funding $2B special dividends and $711M capex. Debt stands at $3.1B; revolver availability exceeds $1.1B. Avian influenza outbreaks threaten flock health and exports.
8-K
Q4 revenue up, profits down
Pilgrim's Pride reported Q4 2025 net revenue of $4,517.8MM, up from $4,372.0MM last year, yet operating income fell to $204.1MM from $306.7MM as U.S. Big Bird pricing declined despite retail gains. Europe profits rose on efficiencies; Mexico slipped on imports. Adjusted EBITDA dropped to $415.1MM (9.2% margin). Litigation costs weighed heavy.
8-K
Q4 EPS drops, yearly sales rise
Pilgrim's Pride reported Q4 net sales up 3.3% to $4.5B but GAAP EPS plunged 62.6% to $0.37 amid litigation hits and Mexico weakness. Full-year sales hit $18.5B with $1.1B net income and 12.3% Adjusted EBITDA margin, fueled by U.S. Fresh outpacing industry and Just Bare® hitting $1B retail sales. Returned $2B to shareholders. Cash dropped sharply.
8-K
Q3 sales hit $4.8B
Pilgrim's Pride posted Q3 net sales of $4.8B, up 3.8% year-over-year, with GAAP operating income at $493M despite commodity volatility. Diversified U.S. fresh and prepared foods drove resilience, while Europe and Mexico advanced key customer growth. Cash dropped after $2B special dividends. Net leverage sits at 1.0x Adjusted EBITDA.
10-Q
Q3 FY2025 results
Pilgrim's Pride posted Q3 net sales of $4.8B, up 3.8% y/y, with operating income at $493M, down 3.1% y/y amid higher SG&A from legal settlements. Gross margins slipped to 13.9% from 14.9% y/y as U.S. volumes rose but pricing softened late quarter, while Europe passed through feed/labor costs for 6.4% sales growth. Diluted EPS held at $1.44 on 238.5M shares. Cash fell to $613M after $2B special dividends, yet $1.1B YTD operating cash flow covered $441M capex; revolver availability exceeds $1B with no draws. Debt trimmed to $3.1B via repurchases. Europe restructuring nears completion. Ongoing broiler antitrust suits pose settlement risks.
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