Filing Flows › Pilgrims Pride (PPC) › Q1 2025
Pilgrims Pride (PPC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Pilgrims Pride (PPC) reported revenue of $4.5B for the first quarter 2025 (Q1 2025), +2% from a year earlier and +2% from the quarter before. Operating margin was 9.1%, net earnings $296M (6.6% of revenue).
Pilgrims Pride, Q1 2025: revenue $4.5B (+2% year over year), operating margin 9.1%, net earnings $296M, operating cash flow $127M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | +2% | +2% |
| Gross profit | $555M | +0.3% | +45% |
| Operating profit | $404M | +32% | +62% |
| Net earnings | $296M | +26% | +69% |
| Operating cash flow | $127M | -64% | -53% |
| Free cash flow | $28.1M | -84% | -84% |
What changed
Revenue was $4.5B in Q1 2025, up 2% year over year and up 2% from the previous quarter. Fresh was the largest line at 66% of revenue. Fresh added $0.13B year over year (up 5%), 132% of the total change. Prepared declined 3%.
Gross margin was 12.4%, up 3.6 points from a year earlier. Operating profit was $0.40B, a 9.1% margin (up 3.3 points year over year). Of the extra revenue versus a year earlier, 153% reached operating profit, above the 6% margin then. Operating expenses grew 13% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $0.30B, up 70% year over year. The effective tax rate was 24.1%.
Operating cash flow was $0.13B (down 53% year over year), 43% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.28B. Capital expenditures of $0.10B left free cash flow of $0.03B.
Questions
What was Pilgrims Pride's revenue in the first quarter 2025?
Pilgrims Pride (PPC) reported revenue of $4.5B for the first quarter 2025 (Q1 2025), +2% from a year earlier and +2% from the quarter before.
Was Pilgrims Pride profitable in the first quarter 2025?
Operating profit was $404M (9.1% of revenue) and net earnings $296M.
Source: Pilgrims Pride 10-Q on SEC EDGAR.