Pilgrim's Pride Corporation Q1 2026 Earnings Release

Pilgrim's Pride Corporation reported first quarter 2026 results with net sales of $4.5 billion. The company experienced a decrease in consolidated GAAP Operating Income margin to 3.6% and GAAP Net Income to $101.5 million ($0.43 EPS), compared to the prior year. Adjusted EBITDA was $308.1 million, a decrease from $533.2 million in Q1 2025. The U.S. Fresh business faced challenges due to operational upgrades, weakened commodity fundamentals, and weather events. U.S. Prepared Foods saw accelerated growth, with Just Bare® sales up nearly 40%. Europe maintained steady results, while Mexico grew its branded portfolio with increased volumes. The company surpassed emissions reduction targets and maintained a strong liquidity position with a net leverage ratio of 1.25x. Several strategic projects are underway to enhance operational efficiencies and product mix across its divisions.