---
schema_version: "secwatch.filing_event.v1"
accession: "0000802481-23-000072"
form_type: "8-K"
ticker: "PPC"
cik: "0000802481"
company_name: "PILGRIMS PRIDE CORP"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:31:54.653303+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pilgrim's Pride Q2 GAAP EPS $0.25 (down 83% YoY); revenue $4.3B

## Summary
- GAAP net income $60.9M ($0.25 EPS) vs $1.50 YoY; adjusted net income $105.3M ($0.44 EPS).
- Net sales $4.3B, down 7% YoY; operating income $100.3M, down 80.4%.
- Adjusted EBITDA $248.7M (5.8% margin) vs $623.3M (13.5%) YoY; all regions improved QoQ.
- U.S. Prepared Foods brands grew 56% YoY; e-commerce sales up 125%.
- Expansion projects in Athens, GA and South Georgia on track for early 2024.

## SEC filing metadata
- accession: 0000802481-23-000072
- form_type: 8-K
- ticker: PPC
- cik: 0000802481
- company_name: PILGRIMS PRIDE CORP
- filed_at: 2023-07-27T23:59:59+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/802481/000080248123000072/0000802481-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/802481/000080248123000072/ppc-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000802481-23-000072
- JSON: https://secwatch.observer/filing/0000802481-23-000072.json
- Plain text: https://secwatch.observer/filing/0000802481-23-000072.txt

## Key facts
- Earnings Releases
  PILGRIMS PRIDE CORP reported Second Quarter 2023 results: revenue $4.3 billion, net income $60.9 million, EPS $0.25.
  - Period: Second Quarter 2023
  - Revenue: $4.3 billion
  - Net income: $60.9 million
  - EPS: $0.25
  - Result: reported results
  source text: Pilgrim’s Pride Reports Second Quarter 2023 Results with $4.3 Billion in Net Sales and Operating Income of $100.3 Million GREELEY, Colo., July 26, 2023 (GLOBE NEWSWIRE) - Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its second quarter 2023 financial results. Second Quarter Highlights • Net Sales of $4.3 billion. • GAAP Net Income of $60.9 million and GAAP EPS of $0.25.
  evidence_url: https://www.sec.gov/Archives/edgar/data/802481/000080248123000072/0000802481-23-000072-index.htm

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