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GREELEY, Colo. - Pilgrim’s Pride Corporation (NASDAQ:PPC) reported first quarter 2025 results that fell short of analyst expectations, sending shares down 6.5% in after-hours trading on Wednesday.
The poultry producer posted adjusted earnings per share of $1.31, missing the consensus estimate of $1.36. Revenue came in at $4.46 billion, slightly below analysts’ projections of $4.53 billion but up 2.3% YoY.
Net income for the quarter rose to $296.3 million, or $1.24 per share, compared to $174.4 million, or $0.73 per share, in the same period last year.
"While facing volatility during the quarter, we maintained our focus on controlling the controllables and consistent execution of our strategies," said CEO Fabio Sandri.
The company’s U.S. operations saw improved demand across retail and foodservice channels. Prepared Foods sales grew over 20% YoY as the company expanded its value-added portfolio.
In Europe, Pilgrim’s Pride achieved an adjusted EBITDA margin of 8.1%, up over 150 basis points from the previous year. The Mexico business drove profitability through key customer partnerships and expansion of value-added offerings.
Despite the earnings miss, the company maintained a strong liquidity position with a net leverage ratio of 1.1x adjusted EBITDA after paying a $1.5 billion special dividend.
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