Every material Form 8-K Pilgrim's Pride has filed with the SEC since May 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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).
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
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
Pilgrim's Pride reported second quarter 2026 net sales of $4.6 billion, down 2.8% from a year earlier, and GAAP net income of $13.2 million, or $0.06 per diluted share, versus $1.49 a year ago. Adjusted EPS was $0.64 and Adjusted EBITDA fell 47.6% to $360.0 million, as lower commodity chicken prices cut profitability even though volumes rose.
Q2 2026 net sales $4.6 billion, down 2.8% from $4.76 billion a year earlier
GAAP EPS $0.06 versus $1.49 in Q2 2025; adjusted EPS $0.64
Adjusted EBITDA $360.0 million, a 7.8% margin, versus $686.9 million and 14.4% a year earlier
Net leverage ratio 1.43x Adjusted EBITDA; a conference call is set for July 30, 2026 at 7 a.m. MT
Pilgrim's Pride reported first-quarter 2026 results for the period ended March 29, 2026. Net sales rose 1.6% to $4.5 billion, but GAAP EPS fell to $0.43 from $1.24 and Adjusted EBITDA dropped 42.2% to $308.1 million, which the company linked to plant downtime, weather disruptions, weaker commodity fundamentals and lower Mexico margins. For shareholders, the sales gain did not offset the sharp decline in profitability.
Net sales of $4.5 billion ($4,532.6 million), up 1.6% from $4.46 billion a year earlier
GAAP EPS of $0.43 versus $1.24; GAAP operating income of $162.6 million versus $404.5 million
Adjusted EBITDA of $308.1 million with a 6.8% margin, versus $533.2 million and 12.0% a year earlier; Adjusted EPS of $0.51 versus $1.31
Conference call to discuss results on April 30, 2026 at 7 a.m. MT (9 a.m. ET)
Pilgrim's Pride reported fourth-quarter 2025 net sales of $4.5 billion, up 3.3% from a year earlier, but GAAP earnings per share fell to $0.37 from $0.99 and Adjusted EBITDA fell 21.0% to $415.1 million. For the full year, net sales rose 3.5% to $18.5 billion and GAAP EPS was $4.54 versus $4.57, and the company returned $2 billion to shareholders through special dividends.
Q4 2025 net sales were $4.5 billion, up 3.3% from $4.37 billion in Q4 2024.
Q4 2025 GAAP EPS was $0.37 versus $0.99; operating income was $204.1 million versus $306.7 million.
Full-year 2025 GAAP EPS was $4.54 versus $4.57, with net sales of $18.5 billion and Adjusted EBITDA of $2.3 billion.
The company paid $2 billion in special dividends in 2025; a conference call is set for February 12, 2026 at 7 a.m. MT.
Pilgrim's Pride reported third quarter 2025 results for the period ended September 28, 2025, with net sales up 3.8% year over year to $4.8 billion. GAAP earnings per share fell 2.0% to $1.44 and operating income fell 3.1% to $492.6 million, while Adjusted EBITDA declined 4.1% to $633.1 million. For shareholders, higher sales were offset by lower quarterly profit measures, though nine-month GAAP EPS rose 16.5% to $4.17.
Third quarter net sales were $4,759.3 million, up 3.8% from $4,585.0 million a year earlier.
GAAP EPS was $1.44 versus $1.47 in the prior-year quarter, a decline of 2.0%; adjusted EPS was $1.52.
Adjusted EBITDA was $633.1 million, a 13.3% margin, compared with $660.4 million and a 14.4% margin a year earlier.
Nine-month GAAP EPS rose 16.5% to $4.17, and net leverage was approximately 1.0 times Adjusted EBITDA.
Pilgrim's Pride reported second-quarter 2025 net sales of $4.8 billion, up 4.3% from a year earlier, and GAAP EPS of $1.49 versus $1.37. The board also declared a $2.10 per share dividend, which the company says totals about $500 million, payable to holders of record on August 20, 2025.
Net sales were $4,757.4 million, up 4.3% from $4,559.3 million in the second quarter of 2024.
GAAP EPS was $1.49, up from $1.37; operating income was $512.3 million, up 16.2%.
The board declared a $2.10 per share dividend, about $500 million in total, to stockholders of record at the close of business on August 20, 2025.
Management will hold a conference call on July 31, 2025 at 7 a.m. MT (9 a.m. ET).
At its April 30, 2025 annual meeting, Pilgrim's Pride stockholders elected all ten director nominees, approved an advisory say-on-pay vote, ratified KPMG LLP as auditor for fiscal 2025, and approved the Amended and Restated 2019 Long Term Incentive Plan, which increases the number of shares authorized for issuance under the plan. The filing contains no financial results, and the plan change adds equity compensation capacity that shareholders approved.
Annual meeting held April 30, 2025; all ten director nominees elected
Say-on-pay advisory vote approved, with 217,528,144 votes for and 11,277,057 against
KPMG LLP ratified as independent auditor for fiscal year ending December 28, 2025, with 228,933,354 votes for
Restated 2019 LTIP approved with 228,051,261 votes for and 765,324 against; plan effective on approval
Pilgrim's Pride reported first quarter 2025 results with net sales of $4.5 billion, up 2.3% from a year earlier, and GAAP diluted EPS of $1.24 versus $0.73. Operating income rose 61.6% to $404.5 million, and the company paid a special dividend of $1.5 billion, leaving a net leverage ratio of 1.1x of Adjusted EBITDA for shareholders to weigh.
Net sales were $4,463.0 million, up 2.3% from $4,361.9 million in the first quarter of 2024.
GAAP diluted EPS was $1.24, compared with $0.73; GAAP net income attributable to the company was $296.0 million.
Operating income was $404.5 million, up 61.6%, and Adjusted EBITDA was $533.2 million, a 12.0% margin.
The special dividend of $1.5 billion was payable at quarter end, and the net leverage ratio was 1.1x, versus a target of 2x to 3x.
Pilgrim's Pride reported fourth-quarter 2024 net sales of $4.4 billion, down 3.5% from the prior-year quarter, while GAAP diluted EPS rose to $0.99 from $0.57. For the full year, net sales rose 3.0% to $17.9 billion and GAAP diluted EPS rose to $4.57 from $1.36, so profit grew faster than sales in both periods.
Q4 2024 net sales were $4.4 billion, down 3.5%; the prior-year quarter had 14 weeks, per the filing's footnote.
Q4 GAAP net income was $235.9 million, with diluted EPS of $0.99 versus $0.57 a year earlier.
Q4 Adjusted EBITDA was $525.7 million, a 12.0% margin, up from $309.5 million (6.8%) a year earlier.
Full-year 2024 net sales were $17.9 billion, up 3.0%, and GAAP net income was $1.1 billion; a conference call is set for Feb. 13, 2025 at 7 a.m. MT.
Pilgrim's Pride added Joanita Karoleski to its Board of Directors as a JBS Director on February 4, 2025, and re-appointed Mr. Menon, reclassifying him from an Equity Director to a JBS Director. The Board said the appointments were made to meet a requirement in the company's charter and bylaws on the total number of directors and JBS Directors, following stockholder approval at the December 2024 special meeting. The filing describes both directors as independent and says neither is expected to serve on committees.
Joanita Karoleski appointed to the Board as a JBS Director on February 4, 2025; she previously served as a director from 2022 until early 2024
Mr. Menon re-appointed to the Board and re-classified from Equity Director to JBS Director; he has served as a director since 2021
Both directors determined to be independent under Nasdaq Rule 5605(a)(2) and Rule 10A-3
Both will receive non-employee director compensation under the program described in the April 1, 2024 proxy statement
Pilgrim's Pride stockholders approved an amendment to the company's certificate of incorporation at a special meeting held December 23, 2024, and the amendment and related bylaws took effect December 30, 2024. On the same date the company signed a tax sharing agreement with JBS USA Food Company Holdings and an amendment to the stockholders agreement with JBS USA, which owns 82.42% of the company's common stock through JBS S.A. The filing refers to the proxy statement for descriptions of these changes and does not detail their terms.
Special meeting held December 23, 2024; the charter amendment received 228,551,918 votes for, 42,350 against and 18,948 abstentions
96% of outstanding common shares and 79% of shares held by minority investors voted for the amendment
Tax Sharing Agreement with JBS USA covers allocation of U.S. income tax liabilities and assets, effective for tax years beginning on or after December 30, 2024
Amendment Number 2 to the Stockholders Agreement sets the number of board directors in accordance with the certificate
Pilgrim's Pride reported third quarter 2024 results on October 30, 2024, with net sales of $4.6 billion, up 5.2% from a year earlier, and GAAP diluted EPS of $1.47 versus $0.51. Operating income rose to $508.4 million from $206.4 million, and the company reported no change to its outlook in this filing. Profit growth is the main point for shareholders, though the filing's figures are for one quarter and it does not include forward guidance.
Net sales were $4,585.0 million, up 5.2% from $4,360.2 million in the third quarter of 2023
GAAP net income was $350.0 million, and diluted EPS was $1.47 versus $0.51 a year earlier
Adjusted EBITDA was $660.4 million, a 14.4% margin, compared with $324.0 million and 7.4% a year earlier
Results include a $10.7 million pension plan termination loss and an $8.1 million hurricane-related inventory write-down; a conference call is set for October 31 at 7 a.m. MT
Pilgrim's Pride reported second quarter 2024 results with net sales of $4.6 billion, up 5.8% from a year earlier, and operating income of $440.8 million, up from $100.3 million. Diluted GAAP earnings per share were $1.37, compared with $0.25 in the prior-year quarter, and the company said Europe and Mexico both improved. The results show a sharp rise in profit for shareholders, though the filing gives no outlook for future periods.
Net sales were $4,559.3 million for the quarter ended June 30, 2024, up 5.8% from $4,308.1 million.
Operating income was $440.8 million, compared with $100.3 million a year earlier.
GAAP net income was $326.5 million, or $1.37 per diluted share, versus $0.25 per diluted share in the prior-year quarter; the company also reported adjusted EPS of $1.67.
Pilgrim's Pride reported first quarter 2024 results with net sales of $4.4 billion, up 4.7% from the prior year, and GAAP diluted EPS of $0.73 versus $0.02 a year earlier. Operating income rose to $250.3 million from $31.3 million, and the company said its net leverage ratio was less than 2.0x Adjusted EBITDA. The filing contains no forward guidance.
Net sales of $4.4 billion ($4,361.9 million), up 4.7% from $4,165.6 million in the first quarter of 2023
GAAP net income of $174.9 million and diluted EPS of $0.73, compared with $5.6 million net income and $0.02 EPS a year earlier
Adjusted EBITDA of $371.9 million, an 8.5% margin, compared with $151.9 million and a 3.6% margin in the prior-year quarter
Conference call scheduled for May 2, 2024 at 7 a.m. MT (9 a.m. ET)
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