Pilgrim's Pride Q2 Sales Miss, EBITDA Plunges 48% on Weak Chicken Demand
PPC is trading near its 52-week low of $26.5 (9.4% above the low).
Summary
Pilgrim's Pride reported Q2 sales of $4.63B, missing the $4.71B consensus, while adjusted EBITDA collapsed 48% YoY to $360M, well below the $384.96M estimate. The company blamed lower commodity pricing and supply growth outpacing demand, which crushed margins. This follows a Q1 that already showed sharp profit declines and missed EBITDA estimates, signaling persistent headwinds. The stock trades at 10x forward earnings, slightly above its recent 9x multiple, but the magnitude of the EBITDA miss and the demand-supply imbalance suggest further earnings risk. Management pointed to plant upgrades and expansion projects as offsets, but no near-term catalysts are evident.
At the time of this announcement, PPC was trading at $29.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $7.1B. The 52-week trading range was $26.50 to $50.56. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.