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Pilgrim’s Pride Corporation (NASDAQ: PPC) reported its first quarter 2026 financial results.
The U.S. Fresh business implemented projects to upgrade product mix and enhance operational efficiencies in Big Bird, while growing key customer partnerships. The company said these efforts are intended to reinforce the foundation for future growth while reducing portfolio volatility and increasing returns. It also attributed reduced profitability versus last year to plant downtime and ramp-up impacts from these projects, weakened commodity fundamentals, and disruptions from weather events.
U.S. Prepared Foods growth continued to accelerate, with record retail volumes. Just Bare® retail sales increased nearly 40% versus last year. Pilgrim’s said the construction of a new value-added facility in Walker County, Georgia, remains on schedule to support this growth.
Europe maintained steady results compared with last year, supported by a balanced portfolio across proteins and meal occasions. The company said Rollover® continued to outpace the category average, while Fridge Raiders® maintained a steady presence in snacking. It also cited back-office integration and network optimization as improving productivity and supporting further growth.
Mexico grew its branded portfolio across Fresh and Prepared Foods, increasing volumes by more than 10% versus last year. The company said geographical diversification continued with ramp-up of production in the South and Peninsula areas. It attributed margin compression to improved growing conditions in live markets and increased imports versus the first quarter of 2025.
Pilgrim’s will hold a conference call to discuss its quarterly results on April 30 at 7 a.m. MT (9 a.m. ET). Participants are encouraged to pre-register for the call. For those who did not pre-register, access is available by dialing +1 (844) 883-3889 in the U.S. or +1 (412) 317-9245 internationally and requesting the “Pilgrim’s Pride Conference.” Replays will be available on the company’s website approximately two hours after the call concludes.
Pilgrim’s employs approximately 63,000 people and operates protein processing plants and prepared-foods facilities in 14 states, Puerto Rico, Mexico, the U.K., the Republic of Ireland, and continental Europe. The company’s primary distribution is through retailers and foodservice distributors.
The company noted that statements in the press release that relate to future plans, expectations, or predictions are forward-looking and that actual results could differ materially due to factors including conditions affecting the poultry industry, execution of its business plan, future pricing for feed ingredients and products, outbreaks of avian influenza or other diseases, product contamination and recalls, cash resources and leverage, changes in laws or regulations, political or macroeconomic risks, currency fluctuations, disruptions in international markets and distribution channels, cyber-security threats, and other risks described in its filings.
Contact: Andrew Rojeski, Head of Strategy, Investor Relations, & Sustainability, IRPPC@pilgrims.com.
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