The earnings call highlighted strong revenue and EBITDA growth, particularly in the U.S. and Prepared Foods segments, alongside significant investments in growth and a special dividend announcement. However, challenges such as declining margins in Mexico, legal expenses, and production constraints were noted.

Company Guidance

During the second quarter of 2025, Pilgrim's Pride reported net revenues of $4.8 billion, marking a 4.3% increase from the same period last year, with an adjusted EBITDA of $687 million, up 4.7% year-over-year, and maintaining an EBITDA margin of 14.4%. The U.S. segment showed a 6% rise in net revenues to $2.82 billion, with adjusted EBITDA reaching $482.7 million, supported by strong commodity chicken markets, moderate grain input costs, and operational improvements. In Europe, adjusted EBITDA margins improved to 8.2% due to cost efficiencies and product mix optimization, while Mexico experienced robust performance with adjusted EBITDA at $92.3 million, despite a 13% FX headwind. To capitalize on growth opportunities, Pilgrim's announced a $400 million investment in a new Prepared Foods plant in Georgia, aiming to increase U.S. Prepared Foods sales by over 40% upon completion. Additionally, a special dividend of approximately $500 million was declared, reflecting strong cash flow generation and a leverage ratio of less than 1x adjusted EBITDA.

Revenue and EBITDA Growth

Net revenues for Q2 2025 were $4.8 billion, a 4.3% increase from the same quarter last year. Adjusted EBITDA was $687 million, up 4.7% compared to Q2 2024.

Special Dividend Announcement

Pilgrim's Pride announced a special dividend of approximately $500 million, demonstrating strong cash flow generation and shareholder value creation.

Strong U.S. Performance

U.S. operations reported a 6% increase in net revenues to $2.82 billion, with adjusted EBITDA margins rising to 17.1% from 16.7% last year.

Prepared Foods Growth

Prepared Foods net sales increased by 20% compared to last year, with significant growth in the Just Bare and Pilgrim's brands.

European Margin Expansion

Europe's adjusted EBITDA margins increased to 8.2% from 7.4% last year, driven by structural reorganization and key customer partnerships.

Investment in Growth

Announced a $400 million investment in a new Prepared Foods plant in Georgia to capitalize on long-term growth trends and expand capacity.

Strong Financial Position

Net debt totaled less than $2.3 billion with a leverage ratio of less than 1x adjusted EBITDA, allowing for robust liquidity and financial flexibility.

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)	1.47 / -	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	$45.60	$45.31	-0.64%
Apr 30, 2025	$52.18	$44.70	-14.33%
Feb 12, 2025	$42.64	$44.09	+3.40%
Oct 30, 2024	$40.40	$41.04	+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.