Earnings ·
Pilgrim's Pride Corporation reported second quarter 2026 financial results on July 29, 2026
PPCPilgrims Pride Corp
Pilgrim's Pride Corporation reported second quarter 2026 financial results on July 29, 2026. Net sales decreased 2.8% year-over-year to $4.6 billion. GAAP net income fell sharply to $13.2 million, or $0.06 per diluted share, compared to $356.0 million and $1.49 per share in the prior year period. Adjusted net income was $153.9 million, yielding adjusted EPS of $0.64. Adjusted EBITDA declined 47.6% to $360.0 million with a 7.8% margin, driven by commodity market pricing reductions and litigation settlement expenses totaling $135.7 million in the quarter. The company maintains a net leverage ratio of 1.43x Adjusted EBITDA. Pilgrim's Pride is a leading global producer and processor of poultry and pork products.