Pilgrim's Pride Corporation
38.12+0.14 (+0.37%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · PPC · USD
Key Stats
Market Cap
9.06BP/E (TTM)
7.34Basic EPS (TTM)
5.19Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Pilgrim's Pride posted solid Q2 gains, with net sales climbing 4.3% year-over-year to $4.76B, fueled by stronger U.S. pricing and European currency tailwinds, while Mexico dipped on forex headwinds. Gross profit edged up 3.4% to $715M, lifting operating income 16.2% to $512M amid lower restructuring charges; diluted EPS rose to $1.49 from $1.37, aligning with 238M shares. Cash from operations hit $622M year-to-date, but a $1.5B special dividend slashed cash to $849M, with $1.1B in long-term debt and full revolver access intact. Europe restructuring wrapped most costs at $92M total. Ongoing antitrust suits pose settlement risks.
8-K
Q2 earnings beat expectations
Pilgrim's Pride reported Q2 2025 net revenue of $4,757.4 million, up 4.3% year-over-year, with net income rising to $356.0 million from $326.5 million. U.S. operations surged on higher commodity pricing and key customer growth, while Europe improved via cost efficiencies; Mexico dipped due to currency hits. Adjusted EBITDA climbed to $686.9 million at a steady 14.4% margin. Litigation costs persist as a drag.
8-K
Q2 Earnings and Dividend Boost
Pilgrim's Pride posted Q2 2025 net sales of $4.8 billion, up 4.3% year-over-year, with operating income climbing 16.2% to $512.3 million on strong U.S. fresh and prepared foods demand, European margin gains, and Mexican volume growth. The board declared a $2.10 per share special dividend, totaling ~$500 million, payable August 20 to record holders. Cash flows strong, yet litigation costs linger.
10-Q
Q1 FY2025 results
Pilgrim's Pride posted solid Q1 momentum, with net sales climbing 2.3% year-over-year to $4.5B, fueled by U.S. gains of 6.4% from higher volumes and pricing, while Europe dipped 2.9% on softer retail demand and Mexico fell 5.1% due to peso weakness. Gross profit surged 44.5% to $554.9M, lifting margins to 12.4% from 8.8%, as feed costs eased—soybean meal down 25%—and operational tweaks paid off; operating income jumped 61.6% to $404.5M, with diluted EPS at $1.24 (up from $0.73, confirmed against 238.3M shares). Cash from operations hit $126.9M, down from $271.0M on working capital swings, yet free cash flow (derived) stayed positive at $28.6M after $98.3M capex; debt held steady at $3.2B with full revolver availability across U.S., Europe, and Mexico facilities. Europe restructuring racked up $16.6M in charges, mostly severance for facility shifts. Litigation lingers as a drag, with ongoing antitrust suits risking hefty settlements.
8-K
Strong Q1 earnings surge
Pilgrim's Pride posted Q1 2025 net sales of $4.5 billion, up 2.3% year-over-year, with operating income surging 61.6% to $404.5 million amid strong U.S. fresh demand and prepared foods growth exceeding 20%. Europe hit an 8.1% adjusted EBITDA margin through branded volume gains, while Mexico saw double-digit sales increases. Yet leverage dipped to 1.1x post-$1.5 billion special dividend. Investments target branded expansion and efficiencies.
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