Pilgrim's Pride delivered strong second-quarter results, driven by robust demand and improved operational efficiencies across its U.S. Fresh and Prepared Foods segments. Europe and Mexico also contributed to margin expansion and strong volumes, respectively. The company maintained a strong liquidity position and announced a significant special dividend.
Net Sales reached $4.8 billion, indicating a 4.3% increase compared to the same period last year.
GAAP Net Income was $356.0 million, with GAAP EPS at $1.49, while Adjusted EPS stood at $1.70.
Adjusted EBITDA was $686.9 million, maintaining a strong 14.4% margin.
The company announced a special dividend of approximately $500 million, or $2.10 per share, reflecting strong financial health and commitment to shareholder returns.
Pilgrim's Pride plans to continue its growth journey by investing in capacity expansion, particularly with a new state-of-the-art prepared foods plant in Walker County, Georgia. This facility aims to diversify the portfolio and support growth in higher-margin branded products, increasing U.S. Prepared Foods sales by over 40%.
Visualization of income flow from segment revenue to net income