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

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Earnings Data

Report Date

Jul 29, 2026

TBA (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.85

Last Year’s EPS

1.7

Same Quarter Last Year

Analyst Consensus

Hold

Based on 6 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 29, 2026|

% Change Since:

Earnings Call Sentiment|Negative

The call presented a mix of strategic progress and concerning near-term operating results. Positives include modest revenue growth, strong brand and prepared foods momentum (Just BARE), Europe’s EBITDA improvement, robust liquidity and a conservative leverage profile, and achievement of sustainability targets. However, these were overshadowed by a pronounced decline in adjusted EBITDA and margins (notably in the U.S. and Mexico), operational disruptions from plant conversions and weather, supply-driven commodity price weakness, and higher SG&A from legal and FX impacts. While management emphasized that investments will reduce volatility and improve long-term margin stability, the magnitude of the quarter‑over‑year profit decline and regional profitability compressions represent significant near-term challenges.

Company Guidance

Management reiterated full-year guidance of $900–$950 million in CapEx, an approximate full-year effective tax rate of ~25% and anticipated full-year net interest expense of $105–$115 million (post the $250M tender), while highlighting a strong liquidity position of ~$1.75 billion in cash and available credit, net debt of $2.55 billion and leverage of 1.25x LTM adjusted EBITDA (below their 2–3x target); they also emphasized disciplined cash flow, working-capital management and continued investment in growth projects. On industry supply, USDA data cited Q1 ready‑to‑cook production +3.4% YoY, egg sets +1.1%, chick placements +1.7%, and an expectation of ~2% chicken production growth for 2026 (with Q2 growth around 2.5%), net protein availability +1.6% YoY, corn stocks >2.0 billion bushels and soybean ending stocks ~350 million bushels (+7% YoY).

Stable to Slightly Higher Revenue

Net revenues of $4.53 billion in Q1 FY2026 versus $4.46 billion a year ago, an increase of ~1.6% year-over-year, showing top-line resilience despite commodity volatility.

Strong Brand and Prepared Foods Growth (Just BARE)

Just BARE retail sales rose nearly 40% YoY and achieved the highest retail volume in any quarter; Just BARE surpassed the $1 billion milestone. In Mexico, Just BARE volume rose >80% YoY and prepared sales increased ~9% YoY.

Europe Performance and Operational Improvements

Europe adjusted EBITDA increased 6.3% YoY to $105.8 million and margins held relatively steady (7.8% vs 8.1% prior year) driven by strength in poultry and meals and benefits from structural reorganization and manufacturing optimization.

Strong Balance Sheet and Liquidity Position

Nearly $1.75 billion in total cash and available credit at quarter end; net debt $2.55 billion with a conservative leverage ratio of 1.25x LTM adjusted EBITDA (well below 2–3x target).

Sustainability Target Achieved

Surpassed 2025 reduction targets for Scope 1 and 2 emissions intensity tied to sustainability-linked bonds, reflecting operational efficiencies and progress on ESG commitments.

Strategic Growth Investments Progressing

Completed Russellville conversion to case-ready in early April; Walker County, GA prepared foods plant remains on schedule; Q1 CapEx of $235 million (vs $98 million a year ago) consistent with full-year CapEx guidance of $900–$950 million to support mix enhancements and capacity.

Productivity & Operational Excellence Gains

Exceeded budgeted improvement targets for operational excellence initiatives, with ongoing back-office integration and network optimization improving productivity and supporting growth.

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

Daily Earnings Calendar >

PPC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 29, 2026	2026 (Q2)	0.85 / -	1.7	―	―	―
Apr 29, 2026	2026 (Q1)	0.65 / 0.51	1.31	-61.07% (-0.80)
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	1.67	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)

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
Apr 29, 2026	$31.15	$33.10	+6.26%
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	-0.65%

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.