Pilgrim's Pride Corporation (6PP)
Summary
6PP Chart
Pilgrim's Pride Is Starting To Enter Attractive Territory As The Poultry Cycle Deteriorates
Pilgrim's Pride (PPC) is the leading US poultry pure-play, recently suffering a 50% share price decline amid cyclical oversupply pressures. PPC's Q2 saw operating income fall nearly 90% YoY, with margins halved due to a 4.5% YoY increase in US poultry production outpacing demand. I initiate coverage with a Buy, citing PPC's sub-10x normalized earnings multiple, sound balance sheet, and strategic investment in less commoditized segments.
Pilgrim's Pride Corporation (PPC) Q2 2026 Earnings Call Transcript
Pilgrim's Pride Corporation (PPC) Q2 2026 Earnings Call Transcript
Pilgrim's Pride Q2 Earnings Call Highlights
Pilgrim's Pride NASDAQ: PPC reported second-quarter 2026 net revenue of $4.63 billion and adjusted EBITDA of $360 million, as higher chicken supply and lower commodity pricing weighed on results despite continued demand growth in retail and foodservice channels.
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Pilgrim's Pride Corporation Profile
| Food Products Industry | Consumer Staples Sector | Fabio Sandri CEO | XFRA Exchange | 72147K108 CUSIP |
| US Country | 63,000 Employees | 3 Sep 2025 Last Dividend | 2 Aug 1999 Last Split | 1 Jan 1987 IPO Date |
Overview
Pilgrim's Pride Corporation is a global food company specializing in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken and pork products. The company caters to a diverse clientele including retailers, distributors, foodservice operators, and end consumers through a wide range of products marketed under multiple brands. Founded in 1946 and headquartered in Greeley, Colorado, Pilgrim's Pride has grown to operate across several key regions including the United States, the United Kingdom, Mexico, and beyond, serving as a pivotal player in the global food supply chain. Notably operating as a subsidiary of JBS S.A., the company leverages its vast network to meet the demands of its international customer base, underscoring its commitment to quality, innovation, and customer satisfaction.
Products and Services
- Fresh Products
Includes refrigerated whole or cut-up chicken, selected chicken parts which may be marinated or non-marinated, alongside primary pork cuts, added value pork, and pork ribs. Pilgrim's Pride adheres to stringent quality control to ensure freshness and customer satisfaction.
- Prepared Products
Comprises fully cooked, ready-to-cook, and individually frozen chicken parts, strips, nuggets, and patties, designed for convenience and quick preparation. The range extends to processed sausages, bacon, smoked meats, gammon joints, and a variety of pre-packed meats suitable for a wide array of culinary uses.
- Plant-Based Protein Offerings
Addressing the growing demand for alternative protein sources, Pilgrim's Pride offers plant-based protein options, catering to the preferences of vegetarians, vegans, and those looking to reduce meat consumption without compromising on taste or nutritional value.
- Multi-Protein Frozen Foods and Ready-To-Eat Meals
Expanding its product portfolio, the company provides a selection of frozen foods incorporating multiple protein sources, alongside convenient ready-to-eat meals that cater to the needs of busy consumers seeking quality and convenience.
- Exported Products
The company exports a variety of products including whole chickens and chicken parts, either refrigerated for U.S. distributors or frozen for international markets. The export range also includes primary pork cuts, hog heads, and trotters, catering to global tastes and preferences.
