Pilgrim's Pride Corp 2026年第四季度报告

GREELEY, Colo., Feb. 11, 2026 (GLOBE NEWSWIRE)-Pilgrim’s Pride Corporation (NASDAQ: PPC), one ofthe world's leading food companies, reports its fourth quarter and year-end2025financial results. 2025Highlights •Net Sales of$18.5 billion.•Consolidated GAAP Operating Income margin of8.7%.•GAAP Net Income of$1.1 billionand GAAP EPS of$4.54. Adjusted Net Income of$1.2 billion, andAdjusted EPS of$5.17.•Adjusted EBITDA of$2.3 billion, or a12.3%margin, with Adjusted EBITDA margins of14.8%in the U.S.,8.4%in Europe, and8.8%in Mexico.•Pilgrim’s U.S. Fresh portfolio benefited from robust demand across retail and foodservice. Volume from Key Customers in both Case Ready and Small Bird grew higher than the industry averages. Big Bird droveimprovements through enhanced yields, mix, and cost efficiencies.•Growth in U.S. Prepared Foods continues to accelerate across retail and foodservice as net sales rose over 20% compared to prior year. In frozen fully cooked,Just Bare®continues to lead velocity among branded offerings and has grown retail sales by over 50% compared to last year.•The company’s diversification efforts through branded offerings achieved a new milestone asJust Bare®achieved one billion dollars in retail sales across fresh and frozen fully cooked. Total market share hasgrown from 1% to 13% over the past three years.•Europe continues its improvement journey, through efficiencies in back-office integration, manufacturing •Net Sales of$4.5 billion.•Consolidated GAAP Operating Income margin of4.5%.•GAAP Net Income of$88.0 millionand GAAP EPS of$0.37. Adjusted Net Income of$152.2millionandAdjusted EPS of$0.64.•Adjusted EBITDA of$415.1 million, or a9.2%margin, with Adjusted EBITDA margins of10.6%in theU.S.,9.5%in Europe, and1.8%in Mexico.•The U.S. Fresh Portfolio benefited from continued consumer demand as volumes rose compared to lastyear. Key Customer demand remained solid across retail, QSR, and foodservice. Operational improvementsin Big Bird mitigated the impact of challenging commodity pricing.•U.S. Prepared Foods increased net sales 18% compared to prior year.Just Bare®continues to increase sharein the frozen fully cooked category as retail sales grew significantly higher than category average.Foodservice sales volume increased by over 20% compared to prior year. •Europe improved sales and Adjusted EBITDA compared to last year. Diversification through brandscontinued to progress as volumes ofFridge Raiders®andRollover®grew faster than category averages. •Mexico experienced a challenging quarter given increased imports and unbalanced fundamentals in the livecommodity market. In Fresh, volumes from Key Customer demand remained steady, whereas brandedofferings rose over 10%. Prepared Foods grew 8% comparedto last year. •Progress in sustainability continues as scoring from external agencies on environmental and social mattersimproved compared to last year. Operations reduced their direct and indirect carbon-based emissions used “During 2025, market conditions remained attractive as input costs were relatively stable and the affordability ofchicken continued to resonate among consumers,” said Fabio Sandri, Pilgrim’s CEO. “Given our effective The U.S. portfolio continues to evolve. The Fresh business outpaced industry growth, driven by ongoing strength ofCase Ready in retail and Small Bird in QSR. Big Bird improved efficiencies in both plant and live operations.Prepared Foods accelerated themomentum of brand offerings asJust Bare®grew market share by nearly 300 basis “Our results in the U.S. are a testament to the strength of our operations and disciplined management approach,”remarked Sandri. “Given our progress over the past year, we’ve developed a more resilient, well-balanced portfolio Europe also delivered improved sales and adjusted EBITDA, supported through progress in manufacturingoptimization, management integration, and enhanced mix. Key Customer demand remained positive with new product launches, whereasFridge Raiders®andRollover®again outpaced category growth. “Over the past three years, Pilgrim’s Europe has undergone a significant transformation,” said Sandri. “As a result,we now have a stronger, more agile foundation to drive innovation, build Key Customer partnerships, and cultivate Mexico improved sales and volume compared to 2024, while margins were pressured given weakened commodityfundamentals in the second half of the year. Diversification efforts continued to accelerate from ongoing growth in “Mexico has great growth opportunities, given its long-term economic potential and our market presence,” saidSandri. “As such, we are investing to create a broader geographical footprint in fresh and expand our presence inprepared foods, further diversifying our portfolio.” In the fourth quarter, the U.S. had mitigated softened commodity market fundamentals with strong Key Customerdemand in Case Ready, Small Bird and Prepared Foods, while enhancing operational efficiencies in Big Bird.