Pilgrim's Pride (6PP) Q3 2026 Earnings Report
CH:6PP Q3 2026 EPS Results
- Actual EPS
- CHF 0.40
- Consensus EPS
- CHF 0.46
- Beat/Miss
- Missed by -CHF 0.05
- One Year Ago EPS
- CHF 1.25
CH:6PP Q3 2026 Revenue Results
- Actual Revenue
- CHF 3.82B
- Expected Revenue
- CHF 3.80B
- Beat/Miss
- Beat by +CHF 21.86M
- YoY Revenue Growth
- -2.24%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/28/2026
- Time
- After Close
- Conference Call
- Wednesday, October 28, 2026
CH:6PP Upcoming Earnings
Pilgrim's Pride's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
CH:6PP Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Negative
The call highlighted steady demand for affordable chicken, strong prepared foods growth, operational improvements, expansion progress, liquidity and strategic investments. However, these positives were outweighed by the sharp year-over-year decline in adjusted EBITDA and margins, lower U.S. profitability, weaker Mexico results, European pork and foodservice challenges, pricing pressure and higher commodity and production costs.
Company Guidance
Management now expects the full year tax rate to approximate 26%, full year net interest expense to be approximately $130 million, and full year CapEx spend to approximate $875 million; commissioning of the new Walker County, Georgia plant is expected early in the second half of 27, completion of the Walker's Deli and Sausage transaction is currently anticipated in early 27, and USDA anticipates chicken production to increase 1.2% for 2027, beef availability is expected to decline more than 1%, pork is projected to increase 0.8%, and growth of net meat availability is estimated at only 0.6% for 2027.
- Steady Revenue and Chicken AffordabilityThird-quarter net revenues were $4.65 billion, compared with $4.76 billion a year ago. Volume remained steady year over year as the affordability of chicken continued to resonate among consumers across all regions.
- U.S. Retail Chicken Demand GrowthU.S. chicken retail volumes, including fresh and frozen, grew 1.4% year over year. Boneless breast grew more than 2%, while boneless dark meat grew close to 10%, partially compensating for lower volumes of bone-in products.
- Deli, Frozen and Foodservice Volume GrowthDeli ready-to-eat chicken volumes increased 1.6% year over year, with appetizers including popcorn chicken and wings leading category growth. Frozen prepared chicken volumes rose 1.4%, and foodservice chicken volumes increased 0.8% despite mixed industry traffic trends.
- Prepared Foods MomentumU.S. prepared foods volume rose over 15% year over year, while retail branded offerings increased over 20%. Prepared Foods nearly doubled its profitability from Q3 2025, and foodservice sales increased over 12% compared with the prior year.
- Just BARE and New Product TractionJust BARE outpaced other brands in the frozen fully-cooked category, with retail dollar share growing by over 300 basis points year over year. The newly launched Flaming Hot Chicken offering received strong marketplace acceptance, leading to incremental commitments across retail and foodservice channels.
- Operational Efficiency ImprovementsLife production and yield efficiencies improved compared with the previous quarter. Recent plant upgrades, improved live operations and mix enhancements from the Russellville conversion supported operational efficiency, while higher-attribute portioning and increased deboning of dark meat supported prepared foods and growing customer demand.
- Expansion Projects ProgressingThe Ellijay, Georgia expansion was completed, supporting customer growth in the higher-value, fastest-growing small boneless chicken category. Construction of the new Walker County, Georgia prepared foods facility remains on schedule, with commissioning expected early in the second half of 2027.
- Lower U.S. Chicken Inventories and Export GrowthTotal U.S. freezer inventories fell 5% year over year, while boneless breast inventories declined nearly 8%. Global chicken demand remained strong, with three consecutive months of year-over-year export growth, and Pilgrim's volume growth outpaced the channel due to increased presence in key markets.
- Europe Meals and Poultry StrengthEuropean poultry and meals offerings benefited from consumers seeking value. Meals sales and volume both grew double digits, while the European business generated $102 million of adjusted EBITDA compared with $104 million last year, with poultry and meals strength helping compensate for pressured pork margins.
- Mexico Fresh Branded GrowthMexico sales increased 13% year over year due to higher sales volume. Fresh retail branded volumes rose over 40% year over year due to increased distribution and investments in sales execution, while Just BARE volume more than doubled.
- Liquidity and Balance Sheet FlexibilityFollowing the completion of a €500 million bond offering, the company had over $2.1 billion in total cash and available credit at quarter-end. Net debt was less than $2.5 billion, with a leverage ratio of 1.76 times last-twelve-month adjusted EBITDA, below the 2x to 3x target range.
- Sustainability and Team Member DevelopmentScope 1 and 2 greenhouse gas emissions intensity at company facilities has declined over 20% since 2019, while the global safety index improved over 60% year over year. The company provided over 5 million hours of training in 2025, and 22 team members or dependents enrolled in tuition-free higher education programs during 2025; more than 485 have applied since the program began in 2021.
- Strategic Investments and Acquisition PlansThe company continued investing in automation, prepared foods, expansion projects in Mexico's South and Yucatan Peninsula regions, and high-return growth projects. The acquisition of Walker's Deli and Sausage is anticipated to close in early 2027 and is intended to further integrate the value chain of high-welfare pork into the premium sausage segment.
CH:6PP Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | 0.37- | 0.51 | ― | ― |
| Oct 28, 2026 | 2026 (Q3) | 0.460.40 | 1.25 | -67.76% (-0.85) | |
| Jul 29, 2026 | 2026 (Q2) | 0.580.53 | 1.4 | -62.35% (-0.87) | |
| Apr 29, 2026 | 2026 (Q1) | 0.530.42 | 1.08 | -61.07% (-0.66) | |
| Feb 11, 2026 | 2025 (Q4) | 0.620.51 | 1.11 | -54.07% (-0.60) | |
| Oct 29, 2025 | 2025 (Q3) | 1.151.25 | 1.34 | -6.75% (-0.09) | |
| Jul 30, 2025 | 2025 (Q2) | 1.291.40 | 1.37 | 1.80% (+0.02) | |
| Apr 30, 2025 | 2025 (Q1) | 1.101.08 | 0.63 | 70.13% (+0.44) | |
| Feb 12, 2025 | 2024 (Q4) | 0.941.11 | 0.48 | 128.81% (+0.62) | |
| Oct 30, 2024 | 2024 (Q3) | 1.151.34 | 0.48 | 181.03% (+0.86) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed