Filing Flows › Pilgrims Pride (PPC) › Q2 2026 › vs Q2 2025
Pilgrims Pride (PPC) Q2 2026 vs Q2 2025 (year over year)
Pilgrims Pride's revenue fell $131M (-3%) from $4.8B in Q2 2025 to $4.6B in Q2 2026. The biggest changes: Fresh −$184M (-6%); Other +$29.2M (+23%); Export +$24.7M (+10%). Gross margin 7.3% against 15.0% (-7.7 pts).
Pilgrims Pride, Q2 2026: revenue $4.6B (-3% year over year), operating margin 1.4%, net earnings $13.2M, operating cash flow $331M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 7.3% | 15.0% | -7.7 pts |
| Operating margin | 1.4% | 10.8% | -9.3 pts |
| Net margin | 0.3% | 7.5% | -7.2 pts |
| Free cash flow margin | 1.7% | 7.1% | -5.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Fresh | $3.0B | $3.2B | −$184M | -6% |
| Prepared | $1.2B | $1.2B | −$1.3M | -0.1% |
| Export | $271M | $246M | $24.7M | +10% |
| Other | $156M | $127M | $29.2M | +23% |
| Revenue | $4.6B | $4.8B | −$131M | -3% |
| Gross profit | $340M | $715M | −$376M | -53% |
| Cost of revenue | $4.3B | $4.0B | $244M | +6% |
| Operating profit | $66.0M | $512M | −$446M | -87% |
| Operating expenses | $274M | $203M | $70.8M | +35% |
| Pre-tax earnings | $21.8M | $476M | −$454M | -95% |
| Other expense, net | $44.2M | $36.8M | $7.4M | +20% |
| SG&A | $265M | $199M | $65.6M | +33% |
| Other operating costs | $8.7M | $3.5M | $5.2M | +149% |
| Net earnings | $13.2M | $356M | −$343M | -96% |
| Income tax | $8.6M | $120M | −$111M | -93% |
| Depreciation & amortization | $123M | $114M | $9.8M | +9% |
| Share-based compensation | $5.1M | $7.2M | −$2.0M | -28% |
| Working capital & other | $189M | $18.5M | $171M | +922% |
| Operating cash flow | $331M | $495M | −$164M | -33% |
| Free cash flow (OCF − capex) | $76.8M | $339M | −$262M | -77% |
| Capital expenditures | $254M | $156M | $98.1M | +63% |
Questions
How much did Pilgrims Pride's revenue grow year over year in Q2 2026?
Pilgrims Pride's revenue fell $131M (-3%) from $4.8B in Q2 2025 to $4.6B in Q2 2026.
What drove Pilgrims Pride's revenue change in Q2 2026?
Fresh −$184M (-6%); Other +$29.2M (+23%); Export +$24.7M (+10%).