AI Earnings Predictions for Pilgrim's Pride Corporation (PPC)

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1 Pilgrim’s Pride Reports Third Quarter 2026 Results GREELEY, Colo., October 28, 2026 (GLOBE NEWSWIRE) - Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's leading food companies, reports its third quarter 2026 financial results. Third Quarter Highlights • Net Sales of $4.7 billion. • Consolidated GAAP Operating Income margin of 4.1%. • GAAP Net Income of $116.3 million and GAAP EPS of $0.49. Adjusted Net Income of $117.7 million, and Adjusted EPS of $0.49. • Adjusted EBITDA of $316.3 million, or a 6.8% margin, with Adjusted EBITDA margins of 6.9% in the U.S., 7.4% in Europe, and 4.9% in Mexico. • U.S. Fresh benefited from its differentiated product mix and improvements in live operations and yield efficiencies throughout the quarter to partially compensate for declines in commodity cutout values. Volumes remained steady compared to previous quarter given promotional support and increased distribution, offsetting the impact of planned downtime from the investment in Pilgrim’s Ellijay, Ga., plant to grow in the small bird debone segment. • U.S. Prepared Foods accelerated its marketplace momentum as volumes rose over 15% compared to last year. Just Bare® continues to lead growth in the fully cooked chicken category as retail sales grew by over 25% versus prior year. Construction of the new prepared foods facility in Walker County, Ga., remains on track with commission expected in the second half of 2027. • Europe sales and volumes remained stable as affordability of poultry and meal offerings continued to resonate in the marketplace, while inflationary pressures and impacts of excess pork imports from European countries continue to be a challenge. Approval process for the acquisition of Walkers Deli & Sausage continues to progress with an anticipated close in early 2027. • Mexico’s fundamentals in the live commodity market improved from previous quarters despite extensive availability of protein in the country. Sales grew as fresh branded offerings in retail increased by over 40% compared to last year. Growth and geographical diversification with ramp-up of operations in the Merida region and the Southern Peninsula remains on schedule. • Pilgrim’s published an update of its sustainability efforts through 2025 that detailed progress on its environmental, social, and governance ambitions. Since 2019, Pilgrim’s has reduced its global Scope 1 & 2 emissions intensity by over 20%. During the past year, the company continued to cultivate an environment for team member safety and well-being as Global Safety Index has improved over 60% compared to last year and more than 6 million training hours have been provided during 2025. • Maintained strong liquidity position to support future growth opportunities as the company’s net leverage ratio is currently 1.76x Adjusted EBITDA, below the target of 2x to 3x.

2 (Unaudited) Three Months Ended Nine Months Ended September 27, 2026 September 28, 2025 Y/Y Change September 27, 2026 September 28, 2025 Y/Y Change (In millions, except per share and percentages) Net sales $ 4,653.2 $ 4,759.3 (2.2) % $ 13,812.1 $ 13,979.7 (1.2) % U.S. GAAP EPS $ 0.49 $ 1.44 (66.0) % $ 0.97 $ 4.17 (76.7) % Operating income $ 191.5 $ 492.6 (61.1) % $ 420.0 $ 1,409.4 (70.2) % Adjusted EBITDA(1) $ 316.3 $ 633.1 (50.0) % $ 984.4 $ 1,853.2 (46.9) % Adjusted EBITDA margin(1) 6.8 % 13.3 % (6.5) pts 7.1 % 13.3 % (6.2) pts (1) Reconciliations for non-U.S. GAAP measures are provided in subsequent sections within this release. “During the quarter, our differentiated portfolio of chicken products continued to experience strong demand as affordability and convenience continues to be priority among consumers across all regions,” said Fabio Sandri, Pilgrim’s President and CEO. “We remain focused on our investments and strategies to drive profitable growth and adapt our portfolio to changing conditions.” In the third quarter, U.S. demand for fresh chicken experienced moderate volume growth compared to near record levels from last year. USDA reports reflect a 2.2% increase in supply year over year, outpacing overall demand growth and pressuring commodity cutout values lower than previous period. Case Ready maintained its presence throughout retail given additional distribution and investments in promotional activity with Key Customers. Small Bird demand remained firm due to continued consumer interest in boneless offerings from leading QSRs. “While consumers maintained their interest in chicken across retail and foodservice, the market experienced a significant increase in supply,” said Sandri. “We continue to improve the efficiency of our operations and given recent investments, we’ve created a more balanced portfolio better equipped to mitigate impacts of volatile commodity values.” U.S. Prepared Fo

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Pilgrim’s Pride Reports Second Quarter 2026 Results

GREELEY, Colo., July 29, 2026 (GLOBE NEWSWIRE) - Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's leading food companies, reports its second quarter 2026 financial results.

Second Quarter Highlights

•Net Sales of $4.6 billion.

•Consolidated GAAP Operating Income margin of 1.4%.

•GAAP Net Income of $13.2 million and GAAP EPS of $0.06. Adjusted Net Income of $153.9 million, and Adjusted EPS of $0.64.

•Adjusted EBITDA of $360.0 million, or a 7.8% margin, with Adjusted EBITDA margins of 8.7% in the U.S., 7.6% in Europe, and 3.9% in Mexico.

•U.S. Fresh volumes rose from increased demand across both retail and foodservice. Profitability declined from previous year due to commodity market pricing reductions, while margins increased sequentially from last quarter with improvements in our productivity, completion of plant upgrades and gains in live operations. Pilgrim’s continues to improve its portfolio and support key customer growth with the investment in Ellijay, Ga., to increase deboning in the small bird category.

•U.S. Prepared Foods drove profitable growth as sales and margins both rose from last year. Just Bare® retail sales increased over 30% versus prior year, making it the second largest brand in the fully cooked category. Construction of the new prepared foods facility in Walker County, Ga., remains on schedule.

•Europe sales and volumes rose from continued marketplace momentum for poultry and meals offerings. Sales of Rollover® grew double digits whereas Fridge Raiders® remained steady. Margins in the UK pork segment continue to be impacted by excess imports from European countries.

•Mexico volumes grew from last year with improved growing conditions and as retail fresh volumes of Pilgrim’s® rose over 30%. Margins in the live commodity markets were impacted by increased domestic production and imports in chicken, greater egg availability, and additional pork imports. Ramp up of live operations in the Southern Peninsula continues to be on track.

•Pilgrim’s approach to engaging its team members and supporting its communities garnered multiple awards across regions for workplace satisfaction, including “America’s Greatest Workplaces” by Newsweek in the U.S., “Employer of the Year” by The Grocer in Europe, and the “Exceptional Companies Award” by the Institute for the Promotion of Quality in Mexico.

•Maintained strong liquidity position to support future growth opportunities as the company’s net leverage ratio is currently 1.43x Adjusted EBITDA, below the target of 2x to 3x.

1

(Unaudited)Three Months EndedSix Months Ended

June 28, 2026June 29, 2025Y/Y ChangeJune 28, 2026June 29, 2025Y/Y Change

(In millions, except per share and percentages)

Net sales$4,626.2 $4,757.4 (2.8)%$9,158.9 $9,220.4 (0.7)%

U.S. GAAP EPS$0.06 $1.49 (96.0)%$0.48 $2.73 (82.4)%

Operating income$66.0 $512.3 (87.1)%$228.5 $916.8 (75.1)%

Adjusted EBITDA(1) $360.0 $686.9 (47.6)%$668.1 $1,220.1 (45.2)%

Adjusted EBITDA margin(1) 7.8 %14.4 %(6.6) pts7.3 %13.2 %(5.9) pts

(1)     Reconciliations for non-U.S. GAAP measures are provided in subsequent sections within this release.

“Throughout the quarter, chicken demand remained firm in all regions as affordability continued to resonate with consumers across retail and foodservice,” said Fabio Sandri, Pilgrim’s President and CEO. “We continued our investments to drive sales growth and reduce volatility, mitigating downsides in the chicken commodity markets.”

In the second quarter, counter-seasonal movements in the jumbo commodity cutout market emerged as values fell more than 25% from the prior year. While profitability declined compared to last year, margins improved sequentially with the completion of plant upgrades and improvements in live operations.

Case Ready and Small Bird volumes grew from incremental distribution with Key Customers. Investments in Big Bird for portioning equipment continue to support the growth of Prepared Foods, moderating the impact of commodity market declines. Additional investments were announced in Ellijay, Ga., to support the long-term growth of Key Customers in the boneless category.

“While consumer interest in chicken continued to be healthy across all channels, supply growth rose faster than demand.” said Sandri. “Our relentless focus on closing operational gaps and further investments in plant upgrades to increase our internal supply capabilities and support Key Customer growth will further improve our ability to mitigate the impact of volatile commodity fundamentals, creating a more resilient earnings profile.”

U.S. Prepared Foods continues to drive profitable growth as sales and margins expanded compared to prior year. Just Bare® continues to lead growth within the frozen fully cooked category, growing market share by nearly 300 basis points over the past year.

“The growth of Just Bare® continues to demons

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