---
schema_version: "secwatch.filing_event.v1"
accession: "0000802481-23-000008"
form_type: "8-K"
ticker: "PPC"
cik: "0000802481"
company_name: "PILGRIMS PRIDE CORP"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:10:14.261475+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pilgrim's Pride Q4 GAAP net loss $155M; full-year adjusted EBITDA $1.6B, up 27.9%

## Summary
- Q4 net loss of $155M (-$0.66 EPS); adjusted loss $115.1M (-$0.49 EPS).
- Full-year net sales $17.5B (+18.2%); adjusted EBITDA $1.6B (+27.9%); adjusted EPS $3.34.
- Q4 adjusted EBITDA margin fell to 1.5% from 7.8% YoY; US 0.6%, Mexico -3.4%, Europe 5.1%.
- Management cites unprecedented commodity cutout decline and persistent inflation as headwinds.
- U.S. diversified portfolio (Case Ready, Small Bird, Prepared) partly offset commodity weakness.

## SEC filing metadata
- accession: 0000802481-23-000008
- form_type: 8-K
- ticker: PPC
- cik: 0000802481
- company_name: PILGRIMS PRIDE CORP
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/802481/000080248123000008/0000802481-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802481/000080248123000008/ppc-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000802481-23-000008
- JSON: https://secwatch.observer/filing/0000802481-23-000008.json
- Plain text: https://secwatch.observer/filing/0000802481-23-000008.txt

## Key facts
- Earnings Releases
  PILGRIMS PRIDE CORP reported the fiscal year ended December 25, 2022 results: revenue $17.5 billion, net income $745.9 million, EPS $3.34.
  - Period: the fiscal year ended December 25, 2022
  - Revenue: $17.5 billion
  - Net income: $745.9 million
  - EPS: $3.34
  - Result: reported results
  source text: Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its fourth quarter and year-end 2022 financial results. 2022 Highlights • Net Sales of $17.5 billion, up 18.2% from prior year. • Consolidated GAAP Operating Income margin of 6.7% with GAAP operating income margins of 10.2% in U.S., 4.5% in Mexico, and break-even in Europe. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/802481/000080248123000008/0000802481-23-000008-index.htm
- Earnings Releases
  PILGRIMS PRIDE CORP reported the three months ended December 25, 2022 results: revenue $4.1 billion, net income $155.0 million and negative GAAP EPS of $0.66.
  - Period: the three months ended December 25, 2022
  - Revenue: $4.1 billion
  - Net income: $155.0 million and negative GAAP EPS of $0.66
  - Result: reported results
  source text: Fourth Quarter • Net Sales of $4.1 billion. • GAAP Net Loss of $155.0 million and negative GAAP EPS of $0.66.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802481/000080248123000008/0000802481-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.