Pilgrim's Pride Corporation reported third‑quarter 2025 results, with net sales of $4.76 billion, up 3.8% year‑over‑year, and operating income of $492.6 million.
Non‑GAAP earnings per share were $1.52, beating the consensus estimate of $1.38 and exceeding the prior‑year EPS of $1.47.
Segment performance: U.S. business generated $2.836 billion in sales, up 5.9% YoY, and operating income of $355 million, a 15.3% increase. Europe delivered $1.392 billion in sales, up 5.4% YoY, and operating income of $70.4 million, a 193.5% jump. Mexico reported $530.2 million in sales, down 4.7% YoY, with an adjusted EBITDA margin of 16.3%.
Management highlighted continued strength in the U.S. Fresh segment, driven by demand from retail and quick‑service restaurants, and noted that the Just Bare brand is expanding its share in the frozen fully cooked market. The company reaffirmed its commitment to investing $500 million over two years in U.S. prepared‑foods and to maintaining a disciplined capital allocation strategy, including a $1.5 billion special dividend declared earlier in the year.
Pilgrim's Pride maintains a net leverage ratio of roughly 1.0 times adjusted EBITDA, supporting its ability to fund growth initiatives while returning capital to shareholders. The company also reported progress in sustainability efforts, reducing Scope 1 and 2 emissions intensity and improving its Global Safety Index.
The results reinforce the company's focus on high‑margin, value‑added products and its integrated supply chain, positioning it for continued expansion in prepared foods and key customer partnerships.
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