Oct 28, 8:45 PM ET
Pilgrim's Pride furnished an overview of its third-quarter 2026 results, to be referenced on its October 29, 2026 earnings call. Net revenue fell slightly year over year, while net income, EPS and adjusted EBITDA dropped sharply, with the company citing lower commodity market pricing and higher grain costs.
- Q3 2026 net income was $116.3 million, versus $343.1 million in Q3 2025; EPS was $0.49, versus $1.44.
- Q3 2026 net revenue was $4.65 billion, versus $4.76 billion a year earlier.
- Adjusted EBITDA was $316.3 million (6.8% margin), versus $633.1 million (13.3% margin) in Q3 2025.
- Nine-month 2026 net income was $231.0 million, versus $995.4 million for the same period of 2025.
Read the filing on SEC.gov ↗
Oct 28, 8:38 PM ET
Pilgrim's Pride reported third quarter 2026 results with net sales of $4.7 billion, down 2.2% from a year earlier, and GAAP EPS of $0.49 versus $1.44. The company said lower U.S. commodity cutout values and higher supply pressured chicken pricing, while Adjusted EBITDA fell 50% to $316.3 million, which matters to shareholders because core profitability declined sharply.
- Net income was $116.3 million versus $343.1 million in the same quarter of 2025.
- Adjusted EBITDA was $316.3 million, a 6.8% margin, versus $633.1 million and 13.3% a year earlier.
- Net leverage ratio was 1.76x Adjusted EBITDA, below the company's target range of 2x to 3x.
- A conference call is scheduled for October 29, 2026 at 7 a.m. MT (9 a.m. ET).
Read the filing on SEC.gov ↗
Sep 23, 9:21 AM ET
Pilgrim's Pride Corporation and its subsidiary Pilgrim's Europe Finance PLC completed a private sale of €500 million of 4.750% senior notes due January 23, 2034, on September 23, 2026. The company said it will use the net proceeds for general corporate purposes, including the consideration for its recently announced acquisition of Walkers Deli & Sausage Company, which adds debt that shareholders should weigh against the deal.
- Principal amount: €500 million of 4.750% senior notes, issued by Pilgrim's Pride and Pilgrim's Europe Finance PLC as co-issuers
- Interest is payable annually in arrears each January 23, starting January 23, 2027; notes mature January 23, 2034
- Proceeds are intended for general corporate purposes, including funding the Walkers Acquisition consideration and related costs
- Notes were sold to qualified institutional buyers under Rule 144A and to certain non-US persons under Regulation S; Citibank, N.A., London Branch is trustee
Read the filing on SEC.gov ↗
Aug 17, 12:17 PM ET
Pilgrim's Pride, through its UK subsidiary, agreed on August 14, 2026 to acquire Walkers Deli & Sausage Company from Samworth Brothers for approximately £141.5 million, on a debt-free, cash-free basis paid fully in cash. Closing is expected in September 2026, subject to UK Competition and Markets Authority approval and employee consultation, and the deal is not subject to a financing condition.
- Total consideration of approximately £141.5 million, paid fully in cash at closing, subject to routine adjustments
- Closing anticipated in September 2026, subject to CMA approval and UK employee consultation
- Walkers makes premium sausages, cooked meats, bacon, snacking products and pâté, with about 1,150 employees at four facilities in Leicester
- Pilgrim's Pride already supplies some of Walkers' raw pork
Read the filing on SEC.gov ↗
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