Earnings ·
Reports Q3 GAAP EPS of $0.49 on $4.7B net sales as operating income falls 61%
PPCPilgrims Pride Corp
Pilgrim's Pride reported third-quarter 2026 results with net sales of $4.7 billion, a 2.2% decline from the prior year period. Consolidated GAAP operating income dropped 61.1% to $191.5 million, driven by lower commodity cutout values and increased poultry supply that pressured margins. Adjusted EBITDA fell 50% to $316.3 million with a 6.8% margin. U.S. Prepared Foods volumes rose over 15% year-over-year, while Europe sales remained stable despite inflationary pressures. The company maintains a net leverage ratio of 1.76x Adjusted EBITDA and continues progress on its acquisition of Walkers Deli & Sausage in Europe.