The earnings call reflects a generally strong performance for Pilgrim's Pride, with notable improvements in net revenues and EBITDA margins, driven by strategic diversification and operational efficiency. However, challenges remain with hatchability issues and weather-related disruptions. The positive aspects seem to outweigh the negative, indicating a successful year overall.

Company Guidance

During the fourth quarter of fiscal year 2024, Pilgrim's Pride reported net revenues of $4.4 billion, with an adjusted EBITDA of $526 million, equating to an adjusted EBITDA margin of 12%. For the full fiscal year, net revenues reached $17.9 billion, with an adjusted EBITDA of $2.2 billion and a margin of 12.4%. The U.S. market saw significant improvements, particularly in the Big Bird segment, which expanded margins through favorable commodity cutout values and operational excellence. The Case Ready and Small Bird segments also contributed to profitable growth. In Europe, margins expanded due to optimization efforts, while in Mexico, increased commodity pricing bolstered Q4 performance. Looking ahead, the USDA projects U.S. chicken production to grow by 1.4% in 2025, with a supportive demand environment due to reduced beef availability. Despite challenges such as hatchability issues, Pilgrim's Pride continues to focus on strategic growth, operational excellence, and sustainability initiatives.

Strong Q4 Financial Performance

Net revenues for Q4 2024 were $4.4 billion with an adjusted EBITDA of $526 million and an adjusted EBITDA margin of 12%, reflecting successful strategy execution and operational excellence.

Full Year 2024 Achievements

For the fiscal year 2024, net revenues reached $17.9 billion with an adjusted EBITDA of $2.2 billion, translating to an adjusted EBITDA margin of 12.4%.

U.S. Operations Improvement

U.S. Fresh portfolio showed improvement compared to last year, with Case Ready and Small Bird segments driving profitable growth.

Europe and Mexico Margin Expansion

Both Europe and Mexico saw margin expansion due to operational improvements, favorable market conditions, and increased consumer demand.

Positive Demand for Chicken Products

Increased demand for chicken in both retail and foodservice sectors, driven by affordability and menu penetration, supported price stability.

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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

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PPC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2025	2025 (Q1)	1.31 / -	0.77	―	―	―
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)
Apr 26, 2023	2023 (Q1)	0.05 / 0.08	1.18	-93.22% (-1.10)
Feb 08, 2023	2022 (Q4)	-0.07 / -0.49	0.56	-187.50% (-1.05)

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

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PPC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2025	$50.33	$52.05	+3.42%
Oct 30, 2024	$47.69	$48.44	+1.57%
Jul 31, 2024	$41.23	$42.21	+2.38%
May 01, 2024	$35.39	$35.95	+1.58%

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.

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