AI brief of an SEC Form 8-K · Pilgrim's Pride (PPC)
Pilgrim's Pride Q3 EPS falls to $0.49 from $1.44; net sales down 2.2%
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.
Key points
- 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).
The filing
CompanyPilgrim's Pride (PPC)
Form8-K, current report
Filed with the SECOct 28, 2026, 8:38 PM ET
Accession number0000802481-26-000077
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.