Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

PPC earnings analysis

Filed April 30, 2026 · Our reading of the company's report

The latest report

Pilgrim's Pride (PPC) reported Q1 2026 results with revenue of $4.53 billion, slightly beating estimates but EPS of $0.51 fell short of projections. While revenue showed resilience with a modest increase from the prior…

Read full summary

Pilgrim's Pride (PPC) reported Q1 2026 results with revenue of $4.53 billion, slightly beating estimates but EPS of $0.51 fell short of projections. While revenue showed resilience with a modest increase from the prior year's first quarter, the operating margin declined significantly, reflecting increased costs and pressures on profitability.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $87 Operating expenses $9 Left as operating profit $4

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$0.51

What stood out

  • Revenue Exceeds Expectations

    Actual revenue reached $4.53 billion, surpassing estimates of $4.43 billion, reflecting a y/y increase from $4.46 billion in Q1 2025.

  • Worsening Operating Margin

    Operating margin decreased to 3.6% from 9.1% in Q1 2025, indicating heightened cost pressures.

  • Strong Cash Flow from Operations

    Generated $140.8 million in cash provided by operating activities, improving from $126.9 million a year earlier.

  • Rising SG&A Costs

    SG&A expenses increased by $40.8 million or 59.3% year-over-year, driven by legal and marketing costs.

  • Stable Cash Reserves

    Cash and cash equivalents stood at $542.4 million, maintaining a strong liquidity position despite profits decline.

  • EBITDA and Adjusted EBITDA

    Reported EBITDA of $281.3 million with an Adjusted EBITDA of $308.1 million, highlighting ongoing operational challenges.

What to watch

  • Higher Costs Impacting Profitability

    Increased SG&A expenses rose by 59.3%, impacting overall profitability.

  • Inflationary Pressures

    Global inflation trends, especially rising energy prices, remain a significant risk to cost management.

  • Commodity Pricing Volatility

    Pricing for key ingredients like corn and soybean meal is under pressure, affecting margins and operational costs.

Management's outlook

No specific forward guidance was provided; profitability expectations were noted as decreased.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.