Pilgrim's Pride Logs 2Q Beat as Consumers Look for Cheap Meat

Dow Jones
2025/07/31
 

By Katherine Hamilton

 

Pilgrim's Pride beat Wall Street expectations in the second quarter as consumers favored chicken as an affordable source of protein.

The chicken and pork producer on Wednesday posted a profit of $355.5 million, or $1.49 a share, in the second quarter, compared with $326.3 million, or $1.37 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $1.70, ahead of the $1.57 forecast by analysts, according to FactSet.

Revenue rose 4% to $4.76 billion. Analysts surveyed by FactSet forecast revenue of $4.62 billion.

The company's U.S. business had an increase in sales and profitability. Its fresh segment benefited from higher commodity cutout values, while its small bird business had strong demand from quick-serve restaurants.

"The relative availability and affordability of chicken compared to other proteins continues to resonate among consumers," Chief Executive Fabio Sandri said.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

July 30, 2025 17:35 ET (21:35 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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