Pilgrim’s Pride Q3FY26 Results: Earnings call set for Oct 29

Pilgrim’s Pride will release Q3FY26 results on October 28, 2026. Conference call scheduled for October 29 at 7 a.m. MT with no Q&A session. Majority shareholder JBS N.V. has proposed acquiring remaining shares.

Pilgrim’s Pride forms special committee to review JBS acquisition proposal

Pilgrim’s Pride formed a special committee of independent directors to review JBS N.V.'s unsolicited acquisition proposal. Ropes & Gray LLP and Moelis & Company LLC were selected as legal and financial advisors respectively. The transaction requires a favorable recommendation from the special committee and a majority vote from non-affiliated shareholders. Pilgrim’s Pride operates in 14 states and multiple international markets with approximately 63,000 employees.

Pilgrim's Pride Q2FY26 Results: Adjusted EBITDA margin falls to 7.8%

Pilgrim's Pride reported Q2FY26 adjusted EBITDA of $360 million, with margins falling to 7.8% from 14.4% a year ago. Net revenues were $4.63 billion, down from $4.76 billion in the prior year period. U.S. jumbo cutout values dropped 27%, driving an 840 basis point decline in regional EBITDA margins. Just Bare brand retail sales grew over 30%, reaching nearly 15% market share in frozen fully cooked categories. Net debt remained below $2.5 billion with a leverage ratio of 1.43x after a $250 million bond tender.

Pilgrim's Pride prices €500 million senior notes due 2034

Pilgrim's Pride priced €500 million in 4.75% senior notes due 2034. Subsidiary Pilgrim's Europe Finance PLC is a co-issuer. Proceeds to fund Walkers Deli & Sausage Company acquisition. Closing expected September 23, 2026, subject to conditions. Offering restricted to qualified institutional buyers and non-U.S. persons.

Pilgrim's Pride forms special committee to evaluate JBS acquisition offer

Pilgrim's Pride board received an unsolicited acquisition proposal from majority owner JBS N.V. on August 18, 2026. The offer values remaining shares at a fixed exchange ratio of 2.086 JBS Class A shares per PPC share, based on closing prices of $13.66 and $28.49 respectively. A special committee has been formed to evaluate the deal, while Halper Sadeh LLC investigates potential fairness issues.

Pilgrim's Pride Q2 adjusted EPS misses estimate on commodity weakness

Pilgrim's Pride Corporation reported Q2 2026 results with adjusted EPS of $0.64, missing analyst estimates of $0.69. Net sales fell 2.8% YoY to $4.6 billion due to significant drops in jumbo commodity cutout values. Despite volume growth in prepared foods and Mexico, overall profitability contracted sharply.