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 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.
Pilgrim's Pride misses Q2 estimates as weaker U.S. commodity pricing hurt profits despite strong Just Bare growth and steady performance across key international markets.
Pilgrim's Pride (PPC) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1.7 per share a year ago.
The chicken and pork manufacturer logged a profit of $13.4 million in the second quarter, citing commodity market pricing reductions.
In the latest trading session, Pilgrim's Pride (PPC) closed at $28.68, marking a +2.72% move from the previous day.
Pilgrim's Pride's Q2 sales may have risen on strong chicken demand, but supply pressures and higher costs are expected to have weighed on earnings.
Pilgrim's Pride (PPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the closing of the recent trading day, Pilgrim's Pride (PPC) stood at $28.55, denoting a -2.09% move from the preceding trading day.
TSN and PPC navigate a volatile protein market, using scale, branding and portfolio strategies to pursue growth while managing margin pressures.
Zacks.com users have recently been watching Pilgrim's Pride (PPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.