Pilgrim's Pride — Third Quarter 2026 Earnings Summary

Pilgrim's Pride Corporation reported third-quarter 2026 net sales of $4.7 billion, a 2.2% decrease from the prior year, alongside a consolidated GAAP operating income margin of 4.1%. The company achieved GAAP net income of $116.3 million and adjusted EBITDA of $316.3 million, with U.S. Prepared Foods volumes rising over 15% and Mexico's fresh branded retail sales increasing by more than 40%. Despite challenges from increased poultry supply and inflationary pressures in Europe, the firm maintained a strong liquidity position with a net leverage ratio of 1.76x Adjusted EBITDA.