Pilgrims Pride Corp
NASDAQ:PPC
Pilgrims Pride Corp
Pilgrim’s Pride Corporation began its journey in the heartland of American agricultural prowess, establishing itself as a significant player in the global food sector. Emerging from its humble roots, the company evolved into one of the largest poultry producers in the world. Pilgrim’s operations span the entire poultry production process, from breeding to distribution, showcasing an impressive vertically integrated model. This comprehensive approach allows the company to exercise significant control over its supply chain, providing a consistent and quality product while optimizing cost efficiencies. Pilgrim’s Pride processes millions of chickens weekly, supplying fresh, frozen, and value-added poultry products to a diverse range of customers, including major retailers, foodservice distributors, and restaurants across the globe.
The company’s strategic focus on operational efficiency and product innovation keeps it competitive in the crowded meat production market. Pilgrim's Pride generates revenue by leveraging its extensive portfolio of branded and private label offerings. This portfolio includes premium fresh chicken, prepared foods, and additional protein sources, such as pork, through its acquisition of multiple processing facilities worldwide. By catering to varying consumer preferences and maintaining rigorous safety and quality standards, Pilgrim's successfully taps into both domestic and international markets. Their ability to adapt to changing consumer trends, alongside vast distribution capabilities, sustains their business model, making them a formidable name in the poultry industry.
Pilgrim’s Pride Corporation began its journey in the heartland of American agricultural prowess, establishing itself as a significant player in the global food sector. Emerging from its humble roots, the company evolved into one of the largest poultry producers in the world. Pilgrim’s operations span the entire poultry production process, from breeding to distribution, showcasing an impressive vertically integrated model. This comprehensive approach allows the company to exercise significant control over its supply chain, providing a consistent and quality product while optimizing cost efficiencies. Pilgrim’s Pride processes millions of chickens weekly, supplying fresh, frozen, and value-added poultry products to a diverse range of customers, including major retailers, foodservice distributors, and restaurants across the globe.
The company’s strategic focus on operational efficiency and product innovation keeps it competitive in the crowded meat production market. Pilgrim's Pride generates revenue by leveraging its extensive portfolio of branded and private label offerings. This portfolio includes premium fresh chicken, prepared foods, and additional protein sources, such as pork, through its acquisition of multiple processing facilities worldwide. By catering to varying consumer preferences and maintaining rigorous safety and quality standards, Pilgrim's successfully taps into both domestic and international markets. Their ability to adapt to changing consumer trends, alongside vast distribution capabilities, sustains their business model, making them a formidable name in the poultry industry.
Record Revenue: Pilgrim's Pride delivered record fiscal 2025 net revenue of $18.5 billion, up 3.5% year-over-year.
EBITDA Milestone: Adjusted EBITDA grew to $2.27 billion for the year, with a strong 12.3% margin.
Q4 Performance: Q4 net revenue was $4.52 billion, and adjusted EBITDA was $415.1 million with a 9.2% margin, both down from the prior year quarter.
Geographic Trends: U.S. and Europe drove improved profitability and volume growth; Mexico faced short-term headwinds from increased imports and market volatility.
Prepared Foods Growth: Prepared Foods sales grew 18% in Q4, with the "Just Bare" brand nearly doubling sales compared to last year and gaining significant market share.
CapEx Increase: 2026 capital expenditure is expected between $900–950 million, significantly above 2025, as the company invests in growth projects in Mexico, the U.S., and prepared foods.
Chicken Demand: Chicken remained attractive to consumers due to affordability, with strong demand in both retail and foodservice, while beef prices hit record highs.
Guidance & Outlook: Management expects moderate supply growth and continued operational improvements, with a focus on portfolio diversification and resilience.
