Earnings ·
Pilgrim's Pride Corporation reported second quarter 2026 net revenue of $4.6 billion and net income of $13 million, or…
PPCPilgrims Pride Corp
Pilgrim's Pride Corporation reported second quarter 2026 net revenue of $4.6 billion and net income of $13 million, or $0.06 per share, a significant decline from the prior year's $356 million and $1.49 per share. Adjusted EBITDA fell to $360 million from $687 million, with margins contracting to 7.8% from 14.4%. The results were negatively impacted by lower commodity pricing in the U.S., reduced pork prices in Europe, and counter-seasonal supply increases in Mexico. Additionally, SG&A increased due to higher legal settlement costs, while net interest expense rose due to a $16 million loss on early debt extinguishment related to Senior Notes repurchased in Q2 2026. The company operates in the poultry and pork production industry.