PILGRIMS PRIDE CORP — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 68/100
What the filing says
Pilgrim's Pride reported Q3 2026 net revenue of $4,653.2M (down 2.2% YoY from $4,759.3M), with net income plummeting 66% to $116.3M from $343.1M YoY. Adjusted EBITDA fell 50% to $316.3M from $633.1M, with margin compressing from 13.3% to 6.8%. The decline was driven by lower commodity poultry pricing, higher grain costs across all segments (U.S., Europe, Mexico), and a $25.6M asset impairment related to Chattanooga plant closure announcement. EPS fell 66% to $0.49 from $1.44.
Why this rating
50% EBITDA drop and 66% profit decline on flat revenue indicates severe margin compression. Adjusted EBITDA of $316M (LTM $1.4B) is ~74% of company market cap ($1.9B), making this a material earnings miss. Structural feed-cost and pricing headwinds are material but not bankruptcy-level.
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