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Pilgrim's Pride earnings amid chicken price pressure
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2026-07-29 23:46 UTC → 2026-07-30 01:29 UTC ·
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Pilgrim's Pride earnings and investor activity amid chicken price pressure
Pilgrim's Pride reported $4.5 bn in net sales for the first quarter of Q1 2025, noting with mixed margins due linked to plant downtime, winter storms and commodity price shifts across its U.S., European and Mexican operations. The company met its Scope 1 & 2 emissions‑intensity targets and highlighted progress on a new value‑added facility in Georgia and met its Scope 1 & 2 emissions‑intensity targets. Georgia. Institutional investor Journey Advisory Group increased its stake, bringing total institutional ownership to about 16.6 %. In the second quarter of Q2 2026, net sales rose modestly to $4.6 bn, but GAAP earnings per share of $0.06 fell short of the $0.70 consensus, while adjusted EPS was $0.64. Adjusted EBITDA reached $360 million million, with regional margins of 8.7 % in the U.S., 7.6 % in Europe and 3.9 % in Mexico. Strong retail and food‑service demand drove U.S. fresh‑volume sales, and the Just Bare brand grew over 30 % year‑over‑year. The stock ticked up to $29.95, and some institutional investors reshuffled positions as Bank of America cut its analysts adjusted price target targets. Later in July 2026, USDA data showed U.S. broiler egg incubation up 2 % YoY and 195 million chicks housed, a 1 % increase, as the industry seeks to $30 alleviate chicken‑price pressure. Pilgrim's Pride posted a second‑quarter net profit of $13.2 million, down 96 % from the prior year’s $356 million, with net revenue slipping 2.8 % to $4.626 billion and adjusted EBITDA down 47.6 % to $360 million. The company cited persistent low chicken prices from oversupply, while noting improved margins versus the prior quarter and a neutral rating. $75 million investment announced in June to expand capacity at its Georgia plant. CEO Fabio Sandri said demand remained steady but pricing remained challenging.
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- 2026-07-30 01:29 UTC Pilgrim's Pride earnings amid chicken price pressure
- 2026-07-29 23:46 UTC Pilgrim's Pride earnings and investor activity
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