Pilgrim’s Pride Corp ( (PPC) ) has released its Q1 earnings. Here is a breakdown of the information Pilgrim’s Pride Corp presented to its investors.
Pilgrim’s Pride Corporation, a leading global food company specializing in poultry production and processing, has reported its financial results for the first quarter of 2025, showcasing a robust performance across its various segments.
In the first quarter of 2025, Pilgrim’s Pride achieved net sales of $4.5 billion and an operating income of $404.5 million, reflecting a strong financial performance. The company reported a GAAP net income of $296.3 million and an adjusted net income of $312.6 million, with adjusted EBITDA reaching $533.2 million, representing a 12.0% margin.
Key highlights include a significant increase in U.S. Fresh portfolio demand, driven by higher chicken commodity prices and improved operational efficiencies. The U.S. Prepared Foods segment expanded its portfolio, achieving over 20% growth in net sales. In Europe, the company saw profitable growth through strategic partnerships and branded offerings, while in Mexico, sales volume increased by double digits, supported by value-added product diversification.
Pilgrim’s Pride maintains a strong liquidity position and balance sheet flexibility, with a net leverage ratio of 1.1x following a special dividend payment. The company continues to invest in growth projects and sustainability initiatives, with a focus on operational efficiencies and climate resiliency.
Looking ahead, Pilgrim’s Pride remains committed to driving profitable growth through strategic customer partnerships and portfolio diversification, while maintaining financial flexibility and capital discipline.