Earnings ·
Reports Q3 net income of $116.3M and EPS of $0.49 as margins contract
PPCPilgrims Pride Corp
Pilgrim's Pride reported third-quarter 2026 net income of $116.3 million, or $0.49 per share, down significantly from $343.1 million, or $1.44 per share, in the prior-year period. Net revenue declined to $4.65 billion from $4.76 billion. Adjusted EBITDA fell 50% year-over-year to $316.3 million with an adjusted margin of 6.8%, compared to 13.3%. The decline was driven by lower commodity pricing and higher grain costs in the U.S., reduced European pork supply prices, and weaker market pricing in Mexico. SG&A expenses decreased due to lower legal settlement charges and incentive compensation. Pilgrim's Pride is a leading integrated poultry producer operating in the United States, Europe, and Mexico.