Pilgrim’s Pride Corporation Reports Third Quarter 2025 Financial Results
Pilgrim’s Pride Corporation (NASDAQ: PPC), recognized as a global leader in the food industry, has announced its financial performance for the third quarter of 2025, showcasing resilience and growth amidst market challenges.
Key Highlights from Q3 2025
- Net Sales: $4.8 billion.
- GAAP Operating Income Margin: 10.4%.
- GAAP Net Income: $343.1 million; GAAP EPS: $1.44. Adjusted Net Income of $362.9 million; Adjusted EPS: $1.52.
- Adjusted EBITDA: $633.1 million (13.3% margin).
- Strong demand in U.S. Fresh segments, driven by diversified offerings and operational excellence.
- U.S. Prepared Foods sales growth exceeded 25% compared to last year, largely fueled by the Just Bare® brand.
- Investment plans announced for over $500 million to support growth in Fresh and diversify Prepared Foods.
- Innovative product offerings in Europe, including a new 10-year supply agreement.
- Continued expansion in Mexico with a focus on value-added Prepared Foods.
- Commitment to sustainability, including a 23% reduction in greenhouse gas emissions intensity since 2019.
Financial Performance Overview
| (Unaudited) | Three Months Ended | Nine Months Ended | ||||||||||||||||||||
| September 28, 2025 | September 29, 2024 | Y/Y Change | September 28, 2025 | September 29, 2024 | Y/Y Change | |||||||||||||||||
| (In millions, except per share and percentages) | ||||||||||||||||||||||
| Net sales | $ | 4,759.3 | $ | 4,585.0 | +3.8% | $ | 13,979.7 | $ | 13,506.2 | +3.5% | ||||||||||||
| U.S. GAAP EPS | $ | 1.44 | $ | 1.47 | (2.0%) | $ | 4.17 | $ | 3.58 | +16.5% | ||||||||||||
| Operating income | $ | 492.6 | $ | 508.4 | (3.1%) | $ | 1,409.4 | $ | 1,199.4 | +17.5% | ||||||||||||
| Adjusted EBITDA(1) | $ | 633.1 | $ | 660.4 | (4.1%) | $ | 1,853.2 | $ | 1,688.2 | +9.8% | ||||||||||||
| Adjusted EBITDA margin(1) | 13.3% | 14.4% | -1.1 pts | 13.3% | 12.5% | +0.8 pts | ||||||||||||||||
(1) Reconciliations for non-U.S. GAAP measures are provided in the subsequent sections of this release.
CEO Insights
Fabio Sandri, President and CEO of Pilgrim’s, stated, “Throughout the quarter, chicken demand remained robust across retail and food service given its strong value proposition compared to other proteins. We continue to fortify our relationships with Key Customers and invest strategically to drive growth and reduce volatility.”
Market Overview and Strategic Initiatives
Despite fluctuations in commodity markets, the U.S. business demonstrated strong performance, with notable growth in Case Ready and Small Bird sales. The diversification strategy in Prepared Foods is yielding positive results, enhancing distribution channels across retail and food services.
Sandri emphasized the company’s commitment to innovation and quality, ensuring strong partnerships with Key Customers. Meanwhile, the European segment is on an upward trajectory, with new product offerings and increased penetration from brands such as Fridge Raiders® and Rollover®.
Sustainability Commitment
Pilgrim’s recently released its 2024 Sustainability Report, showcasing significant progress in environmental, social, and governance commitments. The company is dedicated to reducing its carbon footprint and enhancing team member skills and opportunities.
“Sustainability is critical to our strategy,” Sandri concluded, highlighting the importance of becoming the most trusted company in the food industry.
Upcoming Conference Call
Pilgrim’s will host a conference call on October 30, at 7 a.m. MT (9 a.m. ET) to discuss its quarterly results. Participants can pre-register for the call to receive immediate access with a unique PIN. Pre-registration is available at the following link:
Pre-register for the Conference Call.
For those unable to pre-register, access will be available by dialing +1 (844) 883-3889 within the US or +1 (412) 317-9245 internationally, requesting the “Pilgrim’s Pride Conference.”
For more details and to view the replay, visit: www.pilgrims.com.
Source: Pilgrim’s Pride
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