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Pilgrim's Pride Corp (PPC)
NASDAQ:PPC
US Market

Pilgrim's Pride (PPC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 29, 2026
TBA (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
0.84
Last Year’s EPS
1.31
Same Quarter Last Year
Based on 4 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 11, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
Mixed but resilient: the company delivered full-year revenue and adjusted EBITDA growth, strengthened European results, accelerated branded prepared foods (notably Just BARE), and maintains a strong balance sheet and liquidity position. However, Q4 margin compression, severe short-term weakness in Mexico, sizable litigation charges, and commodity/capacity headwinds create notable near-term earnings pressure and increased investment needs. Management emphasizes operational improvements and growth investments to mitigate volatility.
Company Guidance
The company provided forward-looking financial and operational guidance for 2026, including expected net interest expense of $115–$125 million, an anticipated effective tax rate of ~25%, and capital expenditures of $900–$950 million (including sustaining CapEx of ~$400 million per year); depreciation & amortization is forecast at ~$520 million and SG&A run-rate around $140 million per quarter. Balance sheet/liquidity metrics include net debt of ~$2.45 billion with leverage <1.1x LTM adjusted EBITDA and over $1.8 billion of cash/available credit, with no near-term maturities (bonds maturing 2031–2034; U.S. credit facilities to 2028). Operational expectations call for moderate broiler production growth of ~1% in 2026 (USDA: overall protein availability +1.5%), USDA January 2026 layer flock down 1.9% and pullet placements down 3.1%, and commodity outlooks (corn ending stocks ~2,200,000,000; soy ending stocks +3,000,000 bushels, +7% YoY; global wheat +41M MT). Management reiterated project timing (Big Bird conversion and Mexican projects on track to complete by April; Porvenir capacity doubling coming online in Q2; Georgia prepared foods work continuing into 2027) and said most restructuring charges are behind them.
Fiscal 2025 Revenue and Adjusted EBITDA Growth
Net revenues increased to $18.5B in fiscal 2025 (up 3.5% vs FY2024) and adjusted EBITDA rose to ~$2.27B (management cited a ~2.5% YoY increase), with adjusted EBITDA margin remaining above 12% for a second consecutive year.
U.S. Full-Year Strength
U.S. net revenues grew to $11.0B from $10.6B (≈+3.8% YoY) and U.S. adjusted EBITDA increased to $1.63B (≈+4.5% YoY) with a strong full-year margin of 14.8%, driven by fresh retail, QSR key customers, and operational efficiency gains.
European Profitability Gains
Europe Q4 adjusted EBITDA was $131.4M (up 12.2% YoY) and full-year European adjusted EBITDA improved 11.4% to $453.1M from $406.9M, driven by productivity improvements, mix optimization and brand/portfolio diversification.
Prepared Foods and Brand Momentum (Just BARE)
Prepared foods sales grew 18% YoY in the quarter; Just BARE combined retail sales reached $1.0B and the brand gained ~300 basis points of retail market share YoY in prepared/frozen where it also had the highest velocity in the category.
Operational Improvements and Projects on Track
Operational excellence initiatives improved processing/live efficiencies (Big Bird) and several CAPEX projects—Big Bird plant conversion, Mexico expansions, and a new prepared foods facility in Georgia—are on schedule, supporting capacity and margin improvements.
Improved Restructuring and Cost Discipline
Recognized ~$31M of restructuring charges in 2025 versus $93M in 2024 (a reduction of ~66.7%), reflecting progress on efficiency programs and an expectation that the majority of restructuring charges are behind the company.
Strong Balance Sheet and Liquidity
Net debt approximately $2.45B with leverage <1.1x LTM adjusted EBITDA, and liquidity exceeding $1.8B (cash + available credit); no immediate short-term cash maturities (bonds mature 2031-2034; credit facilities to 2028).
Sustainability and Team Member Programs
Reduced carbon-based processing emission intensity year-over-year and expanded team development: over 2,300 team members or dependents enrolled in the Better Futures program with 780 already started on academic pathways.

Pilgrim's Pride (PPC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

PPC Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Apr 29, 2026
2026 (Q1)
0.84 / -
1.31
Feb 11, 2026
2025 (Q4)
0.75 / 0.62
1.35-54.07% (-0.73)
Oct 29, 2025
2025 (Q3)
1.40 / 1.52
1.63-6.75% (-0.11)
Jul 30, 2025
2025 (Q2)
1.57 / 1.70
1.671.80% (+0.03)
Apr 30, 2025
2025 (Q1)
1.34 / 1.31
0.7770.13% (+0.54)
Feb 12, 2025
2024 (Q4)
1.15 / 1.35
0.59128.81% (+0.76)
Oct 30, 2024
2024 (Q3)
1.40 / 1.63
0.58181.03% (+1.05)
Jul 31, 2024
2024 (Q2)
1.35 / 1.67
0.44279.55% (+1.23)
May 01, 2024
2024 (Q1)
0.69 / 0.77
0.08862.50% (+0.69)
Feb 26, 2024
2023 (Q4)
0.43 / 0.59
-0.49220.41% (+1.08)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

PPC Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 11, 2026
$43.19$41.65-3.57%
Oct 29, 2025
$38.12$38.08-0.10%
Jul 30, 2025
$45.60$45.31-0.64%
Apr 30, 2025
$52.18$44.70-14.33%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pilgrim's Pride Corp (PPC) report earnings?
Pilgrim's Pride Corp (PPC) is schdueled to report earning on Apr 29, 2026, TBA (Confirmed).
    What is Pilgrim's Pride Corp (PPC) earnings time?
    Pilgrim's Pride Corp (PPC) earnings time is at Apr 29, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is PPC EPS forecast?
          PPC EPS forecast for the fiscal quarter 2026 (Q1) is 0.84.

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