Filing Flows › Pilgrims Pride (PPC) › Q1 2026
Pilgrims Pride (PPC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Pilgrims Pride (PPC) reported revenue of $4.5B for the first quarter 2026 (Q1 2026), +2% from a year earlier and +0.3% from the quarter before. Operating margin was 3.6%, net earnings $101M (2.2% of revenue).
Pilgrims Pride, Q1 2026: revenue $4.5B (+2% year over year), operating margin 3.6%, net earnings $101M, operating cash flow $141M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | +0.3% | +2% |
| Gross profit | $345M | -19% | -38% |
| Operating profit | $163M | -20% | -60% |
| Net earnings | $101M | +15% | -66% |
| Operating cash flow | $141M | -52% | +11% |
What changed
Revenue was $4.5B in Q1 2026, up 2% year over year and roughly flat from the previous quarter. Fresh was the largest line at 65% of revenue. Prepared added $0.06B year over year (up 5%), 82% of the total change. Other declined 17%.
Gross margin was 7.6%, down 4.8 points from Q1 2025. Operating profit was $0.16B, a 3.6% margin (down 5.5 points year over year). Operating profit fell $0.24B even though revenue rose $0.07B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 22% against revenue growth of 2%. The fastest-growing cost line was SG&A (+35%). Net earnings were $0.10B, down 66% year over year. The effective tax rate was 23.0%.
Operating cash flow was $0.14B (up 11% year over year), 139% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.24B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Pilgrims Pride's revenue in the first quarter 2026?
Pilgrims Pride (PPC) reported revenue of $4.5B for the first quarter 2026 (Q1 2026), +2% from a year earlier and +0.3% from the quarter before.
Was Pilgrims Pride profitable in the first quarter 2026?
Operating profit was $163M (3.6% of revenue) and net earnings $101M.
Source: Pilgrims Pride 10-Q on SEC EDGAR.