Earnings Releases·Oct 28, 2026, 8:38 PM ET

Pilgrim's Pride — Third Quarter 2026 Earnings Summary

Net sales decreased 2.2% year-over-year to $4.65 billion for the quarter, while GAAP operating income and net income declined 61.1% and 66.0% respectively, driven by lower commodity cutout values and elevated input costs.
Adjusted EBITDA fell 50.0% year-over-year to $316.3 million, though the company maintains a strong liquidity position with cash and cash equivalents rising to $935.8 million and a net leverage ratio of 1.76x.
Strategic initiatives remain on track, including the Walker County, Ga. prepared foods facility expected to commission in H2 2027 and the anticipated close of the Walkers Deli & Sausage acquisition in early 2027.
Significant non-operating charges impacted the nine-month results, including $158.9 million in litigation settlements and $25.6 million in asset impairments related to the Chattanooga, TN plant closure.
No dividends were paid during the nine-month period, while the company repurchased Senior Notes due 2033 in the second quarter, resulting in a loss on early extinguishment of debt.