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

560 Followers

Earnings Data

Report Date

Jul 29, 2026

TBA (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.02

Last Year’s EPS

1.7

Same Quarter Last Year

Analyst Consensus

Hold

Based on 5 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)	1.02 / -	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.