Pilgrim’s Pride Corporation: Comprehensive Corporate Profile

Quick Facts / Company Snapshot

• Full Company Name: Pilgrim’s Pride Corporation
• Stock Ticker Symbol: PPC
• Primary Stock Exchange: The Nasdaq Global Select Market
• Total Net Sales (2024): $17.9 billion
• Net Income Attributable to Pilgrim’s (2024): $1.1 billion
• Diluted Earnings Per Share (2024): $4.57
• Total Assets (2024): $10.7 billion
• Global Workforce: Approximately 61,600 employees
• Majority Shareholder Ownership: 82.34% (JBS S.A. subsidiaries)
• Number of Processing Plants: 39 fresh processing plants
• Number of Prepared Foods Cook Plants: 30
• Number of Distribution Centers: 29
• Number of Feed Mills: 35
• Number of Hatcheries: 49
• U.S. Segment Revenue Share: 59.5%
• Europe Segment Revenue Share: 28.7%
• Mexico Segment Revenue Share: 11.8%
• Cash from Operations (2024): $2.0 billion
• Adjusted EBITDA (2024): $2.2 billion

Company Overview

Pilgrim’s Pride Corporation represents one of the largest protein companies in the world. The organization is primarily engaged in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators. As a vertically integrated company, the organization controls nearly every phase of the production process, a strategic advantage that facilitates rigorous management of food safety and quality, margin control, and enhanced customer service.

The company markets a balanced portfolio of fresh, prepared, and value-added meat products to a diverse customer base located across the United States, the United Kingdom, Europe, and Mexico, reaching over 120 other countries through export channels. Sales efforts are largely targeted toward the foodservice industry, principally chain restaurants and food processors, as well as retail customers, including grocery store chains and wholesale clubs.

• Vertical Integration: The company controls production phases to ensure quality and service.
• Global Reach: Products are exported to over 120 countries.
• Operational Scale: A vast network of growers, mills, hatcheries, and processing facilities supports operations.

Strategically, the company’s plants are located to ensure customers receive fresh products in a timely manner. The global network supporting this infrastructure includes approximately 4,500 growers, 35 feed mills, 49 hatcheries, 39 processing plants, 30 prepared foods cook plants, 29 distribution centers, 12 protein conversion facilities, and five pet food plants. This extensive footprint positions the entity to supply growing global demand for protein products efficiently.

Business Segments

The operational structure is divided into three primary reportable segments based on geographic regions: the United States (U.S.), Europe, and Mexico. Each segment is managed separately through local management teams, allowing for tailored responses to specific regulatory, economic, and market environments.

1. U.S. Reportable Segment

The U.S. segment is the largest contributor to the company’s financial performance. This segment produces chicken products sold to foodservice, retail, and frozen entrée customers. Operations in Puerto Rico are included within this segment for reporting purposes.

• Total Net Sales (2024): $10,629,929,000
• Percentage of Total Revenue: 59.46%
• Operating Income (2024): $1,113,001,000
• Operating Margin (2024): 10.5%

Operational Scope: The U.S. segment conducts separate operations in the continental United States and Puerto Rico. It focuses on the production and processing of chicken products. The segment’s diversified fresh chicken portfolio across industry segments and product attributes has benefited from increased demand. Key customer partnerships in Case Ready and Small Birds have driven growth in Quick Service Restaurants (QSRs), Retail, and Deli channels. Margins in the “Big Bird” category expanded due to enhanced commodity cutout values, lower input costs, and progress in operational excellence. Diversification efforts through value-added products continue to gain momentum.

2. Europe Reportable Segment

The Europe segment is the second-largest revenue generator. This segment processes primarily fresh chicken, pork products, lamb products, specialty meats, ready meals, and other prepared foods. These products are sold to foodservice, retail, and direct-to-consumer customers.

• Total Net Sales (2024): $5,136,747,000
• Percentage of Total Revenue: 28.73%
• Operating Income (2024): $169,693,000
• Operating Margin (2024): 3.3%

Operational Scope: Operations in the United Kingdom, the Republic of Ireland, France, and the Netherlands fall under this segment. The business has integrated three legacy businesses into a “One Europe” management model to create a leaner organization. The segment has continued to make progress in manufacturing network optimization to improve mix and productivity. Diversification efforts through branded offerings continue to gain traction, with brands like Fridge Raiders and Richmond growing above category averages. Innovation remains a priority, with over 700 new items launched during the year.

3. Mexico Reportable Segment

The Mexico segment focuses on chicken products sold to foodservice, retail, and frozen entrée customers. It is also an important player in the live chicken market in Mexico.

• Total Net Sales (2024): $2,111,615,000
• Percentage of Total Revenue: 11.81%
• Operating Income (2024): $223,375,000
• Operating Margin (2024): 10.6%

Operational Scope: In the commodity market, balanced supply/demand fundamentals and lower input costs have driven incremental profitability. Sales to Key Customers in the Fresh category grew by double digits. Prepared Foods continues to grow its marketplace presence, further diversifying the portfolio. Efforts to expand production capabilities across both Fresh and Prepared Foods remain on schedule.

History and Evolution

The company has evolved into a global leader through strategic expansion and acquisitions. While the company has a long operational history, recent years have been defined by significant integration and optimization efforts.

• Gold Kist Acquisition: The company assumed sponsorship of plans and operations through the acquisition of Gold Kist in 2007.
• Tulip Acquisition: In 2019, the company acquired Tulip Limited, expanding its footprint in the United Kingdom and Europe. This acquisition brought pork products into the portfolio.
• Randall Parker Foods: Facilities in lamb operations in the U.K. are derived from the acquisition of Randall Parker Foods.
• Kerry Consumer Foods: In September 2021, the company utilized proceeds from Senior Notes to finance the acquisition of the Kerry Consumer Foods’ meats and meals businesses, which is now referred to as Pilgrim’s Food Masters.
• Recent Restructuring: In 2022, 2023, and 2024, the company undertook restructuring initiatives in its Europe reportable segment to integrate central operations and reallocate processing capacities. This included a reorganization effective July 1, 2024, creating new reporting units: Fresh Pork/Lamb, Fresh Poultry, Food Service, Meals, and Brands & Snacking.

Products and Services

The company’s product offerings are categorized into four primary lines: Fresh Products, Prepared Products, Export Products, and Other Products.

1. Fresh Products

This is the largest product category by revenue. Offerings include refrigerated whole or cut-up chicken, frozen whole chickens, breast fillets, mini breast fillets, and prepackaged case-ready chicken. In the U.K., this category extends to primary pork cuts, added value pork, pork ribs, and lamb products. Case-ready chicken includes combinations of freshly refrigerated whole chickens and chicken parts in trays or bags labeled for retail.

• Total Net Sales (2024): $11,688,178,000
• Percentage of Total Revenue: 65.38%

Regional Breakdown:

• U.S. Fresh Sales: $8,731,905,000 (82.1% of U.S. sales)
• Mexico Fresh Sales: $1,777,815,000 (84.2% of Mexico sales)
• Europe Fresh Sales: $1,178,459,000 (22.9% of Europe sales)

2. Prepared Products

Prepared products include portion-controlled breast fillets, tenderloins, strips, delicatessen products, salads, formed nuggets, patties, and bone-in chicken parts. These may be fully cooked, partially cooked, raw, breaded, or marinated. In the U.K. and Europe, this includes processed sausages, bacon, slow-cooked smoked meat, gammon joints, pre-packed meats, sandwich meats, meatballs, and coated foods.

• Total Net Sales (2024): $4,696,266,000
• Percentage of Total Revenue: 26.27%

Regional Breakdown:

• Europe Prepared Sales: $3,381,178,000 (65.8% of Europe sales)
• U.S. Prepared Sales: $1,094,818,000 (10.3% of U.S. sales)
• Mexico Prepared Sales: $220,270,000 (10.4% of Mexico sales)

3. Export Products

Export products primarily consist of whole chickens and chicken parts sold refrigerated to distributors in the U.S. or frozen for distribution to export markets. In the U.K., this includes primary pork cuts, hog heads, and trotters frozen for export.

• Total Net Sales (2024): $946,039,000
• Percentage of Total Revenue: 5.29%

Regional Breakdown:

• Europe Export Sales: $477,486,000 (9.3% of Europe sales)
• U.S. Export Sales: $468,553,000 (4.4% of U.S. sales)
• Mexico Export Sales: $0 (Mexico segment does not report export sales separately in this category)

4. Other Products

This category includes plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods, desserts, and sales of commodity grains and protein byproducts.

• Total Net Sales (2024): $547,808,000
• Percentage of Total Revenue: 3.06%

Regional Breakdown:

• U.S. Other Sales: $334,653,000
• Mexico Other Sales: $113,530,000
• Europe Other Sales: $99,624,000

Brand Portfolio

The company owns a suite of registered trademarks essential to its marketing and branding strategies. These brands cater to various consumer segments across different geographies. While specific revenue figures per brand are not individually disclosed, they contribute collectively to the segment revenues detailed above.

• Pilgrim’s®: The flagship brand used extensively across markets.
• Just Bare®: A brand featuring fully cooked offerings that has seen exceptional reception, increasing share by over 200 basis points compared to the previous year.
• Gold’n Plump®: A key brand in the U.S. portfolio.
• Gold Kist®: A heritage brand acquired through expansion.
• Country Pride®: A consumer-facing chicken brand.
• Pierce Chicken®: Focused on foodservice and prepared chicken products.
• Pilgrim’s® Mexico: Dedicated branding for the Mexican market.
• Savoro: A brand utilized within the portfolio.
• To-Ricos®: A brand associated with Puerto Rico operations.
• Del Dia®: A specific product line brand.
• Moy Park: A leading brand in the U.K. and Europe, acquired to expand the European footprint.
• O’Kane: A brand within the European poultry portfolio.
• Richmond: A popular sausage and meat brand in the U.K. growing above category averages.
• Fridge Raiders: A snacking brand in the U.K. also growing above category averages.
• Denny: A brand associated with meat products in the European market.

Geographical Presence

The company’s operations are geographically diverse, with significant assets and sales activities in the U.S., Europe, and Mexico. The revenue distribution by customer location highlights the global nature of the business.

1. United States

The U.S. is the primary market, housing corporate headquarters and the largest share of processing facilities.

• Net Sales to Customers (2024): $10,165,049,000
• Percentage of Total Revenue: 56.86%
• Key Locations: Operations in 14 U.S. states and Puerto Rico.
• Facilities: Includes feed mills, hatcheries, processing plants, and distribution centers.

2. Europe

Operations are conducted in the United Kingdom, the Republic of Ireland, France, and the Netherlands.

• Net Sales to Customers (2024): $5,087,606,000
• Percentage of Total Revenue: 28.46%
• Key Markets: U.K. and Continental Europe.
• Facilities: Processing plants, prepared foods cook plants, and pig farms in the U.K.

3. Mexico

Mexico represents a significant portion of the North American footprint.

• Net Sales to Customers (2024): $2,160,490,000
• Percentage of Total Revenue: 12.08%
• Facilities: Processing plants, hatcheries, and distribution centers.

4. Asia-Pacific

• Net Sales to Customers (2024): $303,570,000
• Percentage of Total Revenue: 1.70%

5. Canada, Caribbean, and Central America

• Net Sales to Customers (2024): $89,068,000
• Percentage of Total Revenue: 0.50%

6. Africa

• Net Sales to Customers (2024): $52,329,000
• Percentage of Total Revenue: 0.29%

7. South America

• Net Sales to Customers (2024): $20,179,000
• Percentage of Total Revenue: 0.11%

Financial Performance Analysis

The fiscal year 2024 marked a period of strong financial performance characterized by increased net sales, significantly improved gross profit, and robust net income growth. The analysis compares 2024 (a 52-week year) with 2023 (a 53-week year).

Consolidated Performance

• Total Net Sales: Increased by $516.1 million (3.0%) to $17.9 billion.
• Gross Profit: Increased by $1.2 billion (106.8%) to $2.3 billion.
• Operating Income: Increased by $983.8 million (188.4%) to $1.5 billion.
• Net Income Attributable to Pilgrim’s: $1.1 billion, up from $321.6 million in 2023.
• Diluted EPS: $4.57, up from $1.36 in 2023.
• Adjusted EBITDA: $2.2 billion, representing a 12.4% margin.

Profit and Loss Analysis

Revenue Metrics:

• Net Sales: $17,878,291,000.
• Sales Growth Drivers: The 3.0% increase was driven primarily by an increase in net sales per pound in the U.S. and Mexico, partially offset by lower sales volumes due to one less operating week and foreign currency headwinds in Europe and Mexico.

Operating Profitability:

• Operating Income: $1,506,069,000.
• Operating Margin: 8.4% (up from 3.0% in 2023).
• Gross Profit Margin: 12.9% (up from 6.4% in 2023).
• Cost of Sales: Decreased by 4.2% to $15.6 billion, driven by reductions in feed ingredient costs and operational efficiencies.

Expenses:

• Selling, General and Administrative (SG&A): $713,310,000 (4.0% of net sales).
• Restructuring Activities: $93,388,000 (0.5% of net sales).
• Interest Expense (Net): $161,175,000.
• Income Tax Expense: $325,046,000 (Effective tax rate of 23.0%).

Balance Sheet Analysis

Assets:

• Total Assets: $10,650,576,000.
• Cash and Cash Equivalents: $2,040,834,000.
• Inventories: $1,783,488,000.
• Property, Plant, and Equipment (Net): $3,137,891,000.
• Goodwill: $1,239,073,000.

Liabilities:

• Total Liabilities: $6,397,180,000.
• Accounts Payable: $1,411,519,000.
• Long-Term Debt (Less Current Maturities): $3,206,113,000.
• Current Liabilities: $2,552,133,000.

Equity:

• Total Stockholders’ Equity: $4,253,396,000.
• Retained Earnings: $3,157,511,000.

Liquidity Position:

• Available Liquidity: Total available liquidity was approximately $3.1 billion, consisting of $2.0 billion in cash and cash equivalents and approximately $1.1 billion in available borrowing capacity under credit facilities.

Cash Flow Analysis

Operating Activities:

• Net Cash Provided by Operating Activities: $1,990,127,000.
• Key Drivers: Net income of $1.1 billion and non-cash expenses of $480.0 million (primarily depreciation and amortization). Working capital changes provided cash, notably from decreases in inventories.

Investing Activities:

• Net Cash Used in Investing Activities: $460,797,000.
• Capital Expenditures: $476,153,000 spent on property, plant, and equipment.
• Proceeds: $15,356,000 from property disposals.

Financing Activities:

• Net Cash Used in Financing Activities: $150,911,000.
• Debt Repayment: Payments on revolving lines of credit and long-term borrowings totaled $152.1 million.
• Debt Repurchase: The company repurchased $164.3 million of outstanding principal senior notes during the year.

Board of Directors and Leadership Team

The company is led by a Board of Directors that oversees broad corporate policies and monitors overall performance.

Leadership Team

• Fabio Sandri: President and Chief Executive Officer. He previously served as Chief Financial Officer.
• Matthew Galvanoni: Chief Financial Officer. He serves as the principal financial officer.

Board of Directors

• Gilberto Tomazoni: Chairman of the Board. He serves as the CEO of JBS S.A. and has extensive experience in the global poultry and food industry.
• Wesley Mendonça Batista: Director. Co-controlling shareholder of J&F Investimentos S.A. with over 35 years of experience in the protein industry.
• Joesley Mendonça Batista: Director. Co-controlling shareholder of J&F Investimentos S.A. with over 35 years of experience in protein production operations.
• Andre Nogueira de Souza: Director. He has served as Global President of Operations — North America for JBS and brings extensive understanding of the protein industry.
• Farha Aslam: Independent Director. She brings expertise in food and agribusiness research and financial skills.
• Raul Padilla: Independent Director. He brings over 40 years of experience in agribusiness and food business with global responsibilities.
• Joanita Karoleski: Independent Director. President of the JBS Amazon Fund with strong leadership in the food production industry.
• Ajay Menon: Independent Director. President and CEO of Colorado State University Research Foundation, bringing expertise in business strategy and innovation.
• Wallim Cruz de Vasconcellos Junior: Equity Director. A business strategist with experience in mergers and acquisitions and capital markets. He serves as the Audit Committee Chair.
• Arquimedes A. Celis: Equity Director. He brings extensive experience in the consumer packaged goods industry, focusing on branded food products.

Board Committees:

• Audit Committee: Wallim Cruz de Vasconcellos Junior (Chair), Farha Aslam, Arquimedes A. Celis.
• Compensation Committee: Gilberto Tomazoni (Chair), Arquimedes A. Celis, Andre Nogueira de Souza.
• JBS Nominating Committee: Nominated JBS Directors.
• Equity Nominating Committee: Nominated Equity Directors.
• Sustainability Committee: Farha Aslam (Chair), Ajay Menon.

Subsidiaries, Associates, Joint Ventures

The company operates through numerous subsidiaries across its diverse geographies. While a comprehensive list of every minor entity is not exhaustively detailed with individual revenue contributions in the source text, key entities and holdings include:

• JBS USA Food Company Holdings, Inc.: The direct parent entity beneficially owning the majority of the company’s stock.
• Moy Park Holdings (Europe) Ltd.: A key subsidiary managing operations in the U.K. and Europe.
• Pilgrim’s Pride Corporation of West Virginia, Inc.: A guarantor subsidiary.
• Gold’n Plump Poultry, LLC: A guarantor subsidiary.
• Gold’n Plump Farms, LLC: A guarantor subsidiary.
• JFC LLC: A guarantor subsidiary.
• Onix Investments UK Limited: An indirect subsidiary involved in U.K. operations.
• Sandstone Holdings Sàrl: An indirect subsidiary.
• Arkose Investments ULC: An indirect subsidiary.
• Avícola Pilgrim’s Pride de Mexico, S.A. de C.V.: A key operating entity in Mexico.

Physical Properties

The company operates a vast network of physical assets to support its vertically integrated model.

Chicken Operations Facilities:

• Fresh Processing Facilities: 36 total (35 owned, 1 leased). Capacity: 8.3 million birds per day. Utilization: 93.4%.
• Prepared Foods Facilities: 14 total (12 owned, 2 leased). Capacity: 535,368 tons per year. Utilization: 81.7%.
• Hatcheries: 49 total (47 owned, 2 leased). Capacity: 3.2 billion eggs per year. Utilization: 91.3%.
• Other Operation Facilities (Feed mills, rendering, pet food): 52 total (51 owned, 1 leased). Capacity: 16.1 million tons per year. Utilization: 73.9%.
• Grain Elevator: 1 owned facility. Capacity: 8.6 million bushels per year.

Pork Operations Facilities:

• Fresh Processing Facilities: 2 owned. Capacity: 8,550 pigs per day. Utilization: 94.3%.
• Prepared Foods Facilities: 7 owned. Capacity: 232,401 tons per year. Utilization: 66.1%.
• Other Operation Facilities (Pig Farms): 1 owned. Capacity: 3,750 pigs per year.

Lamb Operations Facilities:

• Fresh Processing Facilities: 1 owned. Capacity: 3,333 lambs per day. Utilization: 89.7%.
• Prepared Foods Facilities: 1 owned. Capacity: 13,614 tons per year. Utilization: 69.9%.

Prepared Meals Operations Facilities:

• Prepared Meals Facilities: 8 total (5 owned, 3 leased). Capacity: 294,666 tons per year. Utilization: 64.5%.

Logistics:

• Distribution Centers and Other: 29 total (11 owned, 18 leased).

Segment-Wise Performance

U.S. Segment

• Operational Performance: Net sales per pound increased, driving a 7.4% positive impact on revenue. Sales volume decreased by 1.4% due to a 52-week fiscal year compared to a 53-week prior year.
• Financial Performance: Operating income surged to $1.1 billion from $238.9 million in the prior year. Gross profit increased by 199.4% due to lower feed ingredient costs and higher commodity market pricing.

Europe Segment

• Operational Performance: Sales volume decreased by 0.9%, and net sales per pound decreased due to the pass-through of lower input costs.
• Financial Performance: Operating income increased to $169.7 million from $128.2 million. Gross profit increased by 23.2% driven by production efficiencies from restructuring initiatives and decreased feed, labor, and utility costs.

Mexico Segment

• Operational Performance: Sales volume increased by 0.1%, and net sales per pound increased due to improved product mix and commodity prices.
• Financial Performance: Operating income rose to $223.4 million from $155.5 million. Gross profit increased by 29.6%, supported by a reduction in commodity ingredient costs, despite negative foreign currency translation impacts.

Founders and Controlling Shareholders

The company is ultimately controlled by the Batista family through JBS S.A.

• Wesley Mendonça Batista: A co-controlling shareholder of J&F Investimentos S.A., one of the largest business groups in Brazil. He serves on the Board of Directors.
• Joesley Mendonça Batista: A co-controlling shareholder of J&F Investimentos S.A. He also serves on the Board of Directors.

JBS S.A. indirectly owns 82.34% of the company’s outstanding common stock through its subsidiary JBS Wisconsin Properties, LLC.

Shareholding Pattern

• Majority Shareholder: JBS Wisconsin Properties, LLC beneficially owns 195,445,936 shares, representing 82.34% of outstanding common stock.
• Directors and Executive Officers: The group beneficially owns 195,961,218 shares (82.56%), inclusive of the JBS holding and individual director holdings like Fabio Sandri (360,930 shares).
• Public/Minority Investors: The remaining shares are held by public investors. The “float” held by non-affiliates had an aggregate market value of approximately $1.58 billion as of June 30, 2024.

Parent Company

The direct parent company is JBS USA Food Company Holdings, Inc., which is an indirect wholly-owned subsidiary of JBS S.A.

JBS S.A. Profile:

• Headquarters: São Paulo, Brazil.
• Status: A global leader in the protein industry.
• Control: Ultimately controlled by Joesley Mendonça Batista and Wesley Mendonça Batista through J&F Investimentos S.A.
• Relationship: JBS provides support and engages in related party transactions with Pilgrim’s Pride, including shared services for SAP licenses and corporate support teams.

Investments and Capital Expenditure Plans

The company maintains a robust capital allocation strategy focused on growth, efficiency, and sustainability.

• Capex Allocation (2025): The company anticipates spending between $450 million and $500 million on the acquisition of property, plant, and equipment.
• Strategic Priorities: Expenditures are primarily incurred for growth projects, such as expansions in Athens, Georgia, and Moorefield, West Virginia, and a new protein conversion plant in South Georgia.
• Efficiency Investments: Funds are allocated to improve operational efficiencies and enhance information technology systems.
• Funding: Capital expenditures are expected to be funded with cash flow from operations and cash on hand.

Future Strategy

The management has outlined a forward-looking strategy centered on a “leadership mindset” to elevate performance.

• Growth Acceleration: By combining commitment to values, team member safety, and strategy execution, the company aims to accelerate growth for 2025 and beyond.
• Operational Excellence: Continued focus on cost reductions, more effective processes, training, and a total quality management program.
• Diversification: Expanding the portfolio through value-added products (like Just Bare and Pilgrim’s Prepared Foods) to reduce volatility associated with commodity markets.
• Sustainability: Driving sustainability deeper into the organization, including reducing Scope 1 & 2 emissions intensity and leveraging methane capture capabilities.
• Digital Commerce: Leveraging commerce as a key growth enabler; digitally influenced sales grew 30% versus the prior year.

Key Strengths

• Vertical Integration: Control over the supply chain from hatcheries to distribution allows for superior quality control and margin management.
• Diversified Portfolio: A mix of fresh, prepared, and export products across chicken, pork, and lamb reduces reliance on any single market.
• Global Footprint: Operations in the U.S., Europe, and Mexico provide geographic diversification and access to global export markets.
• Strong Financial Position: Significant liquidity ($3.1 billion available) and robust cash flow generation ($2.0 billion from operations).
• Key Customer Partnerships: Long-standing relationships with major retailers and foodservice chains (e.g., Kroger, Costco, Chick-fil-A) drive consistent volume. Two largest customers accounted for 16.6% of consolidated net sales.

Key Challenges and Risks

• Commodity Price Volatility: Profitability is materially affected by fluctuations in feed ingredient prices (corn, soybean meal) and market prices for chicken and pork.
• Labor Availability: The company relies on a large workforce; labor shortages, turnover, or increased labor costs (e.g., U.K. living wage increases) can impact operations.
• Disease Outbreaks: Risks related to Avian Influenza and African Swine Fever can disrupt production, restrict exports, and impact demand.
• Regulatory Compliance: Stringent regulations regarding environment, health, safety, and immigration require continuous monitoring and investment. New regulations like the EU Deforestation Regulation (EUDR) pose future compliance costs.
• Litigation: The company is involved in ongoing legal proceedings, including antitrust litigation in the broiler chicken industry, which creates financial uncertainty.
• Cybersecurity: Reliance on information technology systems makes the company vulnerable to cyber-attacks, although robust backup systems are in place.

Conclusion and Strategic Outlook

Pilgrim’s Pride Corporation has demonstrated resilience and strategic agility in a complex global market. By generating $17.9 billion in net sales and achieving an adjusted EBITDA margin of 12.4% in 2024, the company has reinforced its foundation for profitable growth. The strategic focus on diversifying its portfolio with branded and prepared foods, optimizing its European manufacturing network, and expanding production capabilities in Mexico positions it well for future expansion.

With a strong balance sheet, substantial cash flow, and a commitment to operational excellence and sustainability, Pilgrim’s Pride is poised to navigate market challenges while capitalizing on global protein demand. The company’s leadership mindset and dedication to becoming the “best and most respected company” in the industry underpin its strategic outlook for 2025 and beyond.

Official Site: Pilgrim’s Pride Corporation

FAQ Section:

1. What are the primary business segments of Pilgrim’s Pride Corporation? The company operates in three reportable segments: the United States, Europe, and Mexico. The U.S. segment is the largest, followed by Europe and Mexico.
2. Who owns Pilgrim’s Pride Corporation? JBS S.A., through its indirect wholly-owned subsidiaries (primarily JBS Wisconsin Properties, LLC), beneficially owns approximately 82.34% of the company’s outstanding common stock.
3. What was Pilgrim’s Pride’s revenue in 2024? In the fiscal year 2024, the company generated total net sales of $17.9 billion.
4. What brands does Pilgrim’s Pride own? The brand portfolio includes Pilgrim’s, Just Bare, Gold’n Plump, Gold Kist, Country Pride, Pierce Chicken, Moy Park, Richmond, Fridge Raiders, Denny, and To-Ricos, among others.
5. Does Pilgrim’s Pride pay dividends? The company does not currently have a policy of paying dividends to its stockholders. Future dividend decisions depend on earnings, financial conditions, and board discretion.
6. What is the company’s strategy regarding sustainability? The company focuses on environmental stewardship, social responsibility, and governance. Key initiatives include the “Hometown Strong” community investment program and issuing sustainability-linked bonds tied to greenhouse gas emission reduction targets.

Source: Content on FirmsWorld.com is based on publicly available corporate filings, regulatory disclosures, annual reports, SEC 10-K filings, investor relations materials, and, where applicable, direct communications with the company.