Pilgrim’s Pride reported a sharp year-over-year decline in profitability for the third quarter ended Sept. 27, 2026, while revenue edged lower. The company provided supplemental historical financial information ahead of its Oct. 29 earnings call.
- Revenue was $4.65 billion, down 2.2% from $4.76 billion a year earlier.
- Gross profit fell to $333.7 million from $659.4 million, a decline of about 49%.
- Operating income dropped to $191.5 million from $492.6 million, while net income fell to $116.3 million from $343.1 million.
- Earnings per share were 49 cents, compared with $1.44 in the year-earlier quarter.
- Adjusted EBITDA was $316.3 million, down from $633.1 million. The adjusted EBITDA margin narrowed to 6.8% from 13.3%.
- Selling, general and administrative expenses declined to $142.2 million from $165.0 million. Net interest expense was $30.2 million, compared with $29.0 million.
The figures show a pronounced contraction in earnings and margins despite a relatively modest revenue decline. Adjusted EBITDA is a non-GAAP measure and may not be calculated in the same way by other companies.