secwatch.observer — SEC 8-K summary
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Issuer:     PILGRIMS PRIDE CORP (PPC)
CIK:        0000802481
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0000802481-26-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pilgrim's Pride Q1 net income $101.5M, EPS $0.43 vs $1.24 YoY; margins compress
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- GAAP EPS $0.43, down 65% from $1.24; adjusted EPS $0.51.
- Net sales $4.53B, up 1.6% YoY, but operating income fell 60% to $162.6M.
- Consolidated adjusted EBITDA margin 6.8% (12.0% prior year), with U.S. margin 7.0%.
- U.S. Fresh results hit by plant downtime, weather, and lower commodity cutout; Prepared Foods retail sales up ~40%.
- Europe steady; Mexico fresh branded volumes up >10% but margins compressed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/802481/000080248126000028/0000802481-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/802481/000080248126000028/ppc-20260429.htm
  HTML page:      https://secwatch.observer/filing/0000802481-26-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer