Pilgrim's Pride Q2 sales beat expectations, announces special dividend

Pilgrims Pride

30/07/2025 22:17

Overview

Pilgrim's Pride Q2 sales beat analyst expectations, per LSEG data

Adjusted EBITDA for Q2 beats estimates, reflecting improved operational efficiencies

Co announces $500 mln special dividend, indicating confidence in financial position

Outlook

Pilgrim's expects U.S. Prepared Foods sales to rise by over 40%

Company plans capacity expansion in Mexico to drive growth

Result Drivers

U.S. FRESH GROWTH - Sales and margins increased due to strong demand, quality focus, and operational efficiencies

PREPARED FOODS EXPANSION - Over 20% sales growth driven by record production to meet demand in retail and food service

EUROPE MARGIN EXPANSION - Achieved through sales growth, brand expansion, and cost efficiencies

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$4.76 bln
$4.63 bln (4 Analysts)
Q2 EPS
$1.49
Q2 Adjusted EBITDA
Beat
$686.90 mln
$630.40 mln (3 Analysts)
Q2 Adjusted EBITDA Margin
14.4%
Q2 Operating Income
$512.30 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy."

Wall Street's median 12-month price target for Pilgrims Pride Corp is $48.00, about 2.2% above its July 29 closing price of $46.92

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX2VhSl1

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)