The earnings call reflects a positive sentiment with strong revenue growth, strategic investments in Prepared Foods, and solid performance in key segments like Europe and Mexico. However, challenges such as hatchability issues and legal settlement costs present notable hurdles. The announcement of a substantial special dividend underscores the company's strong financial position.

Company Guidance -

Q3 2025

During the second quarter of 2025, Pilgrim's Pride reported net revenues of $4.8 billion, a 4.3% increase over the same period last year. The company's adjusted EBITDA rose by 4.7% from Q2 2024, reaching $687 million, maintaining an adjusted EBITDA margin of 14.4%. In the U.S., the adjusted EBITDA margin improved to 17.1%, driven by favorable commodity cutout values and operational excellence. In Europe, margin expansion was achieved through cost efficiencies, with adjusted EBITDA margins increasing to 8.2%. However, Mexico saw a decrease in margins from 19.4% to 16.3% due to FX headwinds. A special dividend of approximately $500 million was announced, reflecting strong demand and the company's commitment to growth investments. The USDA indicated a 1.9% increase in ready-to-cook chicken production compared to Q2 2024, with overall protein availability anticipated to grow by 1.3% in 2025. Despite challenges, such as hatchability and labor issues, Pilgrim's Pride remains focused on portfolio diversification and operational excellence to enhance shareholder value.

Revenue and EBITDA Growth

Net revenues reached $4.8 billion, a 4.3% increase from the same quarter last year. Adjusted EBITDA was $687 million, up 4.7% from Q2 of 2024.

Special Dividend Announcement

A special dividend of approximately $500 million was announced, following a previous dividend of $1.5 billion paid in April.

Prepared Foods Segment Expansion

Net sales in the Prepared Foods segment increased by 20% compared to last year, with significant growth in the Just Bare brand.

Strong Performance in Europe and Mexico

Europe's adjusted EBITDA margins improved to 8.2% from 7.4% last year. Mexico experienced strong results with a 16.3% adjusted EBITDA margin despite FX headwinds.

Investment in Growth

Announced a $400 million investment for a new fully cooked Prepared Foods plant in Georgia, expected to increase U.S. Prepared Foods business net sales by over 40%.

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

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PPC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.49 / -	1.63	―	―	―
Jul 30, 2025	2025 (Q2)	1.57 / 1.70	1.67	1.80% (+0.03)
Apr 30, 2025	2025 (Q1)	1.34 / 1.31	0.77	70.13% (+0.54)
Feb 12, 2025	2024 (Q4)	1.15 / 1.35	0.59	128.81% (+0.76)
Oct 30, 2024	2024 (Q3)	1.40 / 1.63	0.58	181.03% (+1.05)
Jul 31, 2024	2024 (Q2)	1.35 / 1.67	0.44	279.55% (+1.23)
May 01, 2024	2024 (Q1)	0.69 / 0.77	0.08	862.50% (+0.69)
Feb 26, 2024	2023 (Q4)	0.43 / 0.59	-0.49	220.41% (+1.08)
Oct 25, 2023	2023 (Q3)	0.42 / 0.58	1.09	-46.79% (-0.51)
Jul 26, 2023	2023 (Q2)	0.33 / 0.44	1.54	-71.43% (-1.10)

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
Jul 30, 2025	$47.70	$47.39	-0.65%
Apr 30, 2025	$54.58	$46.75	-14.35%
Feb 12, 2025	$44.60	$46.12	+3.41%
Oct 30, 2024	$42.26	$42.92	+1.56%

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.