- Net sales increased by 2.3% year-over-year to $4.5 billion in Q1 2025.
- Operating income surged 61.6% to $404.5 million, with a GAAP EPS growth of 69.9%.
- Adjusted EBITDA margin improved significantly to 12.0%.
Pilgrim's Pride Corporation (PPC, Financial) reported strong financial results for the first quarter of 2025, with net sales reaching $4.5 billion, reflecting a year-over-year increase of 2.3%. The company's operating income saw a remarkable rise of 61.6%, totaling $404.5 million, which resulted in a robust operating margin of 9.1%.
The profitability of Pilgrim's Pride showed significant improvement, with GAAP Earnings Per Share (EPS) climbing 69.9% to $1.24. The adjusted EBITDA for the quarter was $533.2 million, up by 43.4%, achieving a 12.0% margin, an increase of 3.5 percentage points from the previous year.
Pilgrim's Pride has witnessed significant growth across its business segments and geographical regions. The U.S. Prepared Foods division expanded its net sales by over 20% compared to the previous year, thanks to successful product diversification strategies. The company's digital sales also surged by over 35%, facilitated by strategic partnerships with leading retailers and foodservice providers.
Internationally, Europe achieved an adjusted EBITDA margin of 8.1%, while Mexico reported double-digit sales volume growth, underscoring strong demand and effective market strategies. Despite the $1.5 billion special dividend payout, Pilgrim's Pride maintained a robust net leverage ratio of 1.1x, demonstrating its strong financial health and capacity to invest in growth opportunities.
