Pilgrim's Pride (PPC)

NASDAQConsumer StaplesPackaged FoodsSnapshot 2026-10-23

$28.13+0.14%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Pilgrim's Pride’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-28
Revenue	—	4.59B
EPS	—	0.447
Annual ending 2026-12-28
Revenue	—	18.52B
EPS	—	2.272
Annual ending 2027-12-28
Revenue	—	18.93B
EPS	—	2.628

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Increase cash flow from operations to support financial health	Pilgrim's Pride is improving cash flow, up from $127M to $141M.	Under Pressure	Cash from operations falls below $140.8M after 2026-Q1	Cash from operations: $331.028M FY2026-Q2; GAAP. Published target: Cash from operations at least $140.8M in 2026-Q1. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Jul 30, 2026331,028,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 28, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Improve net income margins to boost profitability	A primary condition in Pilgrim's Pride's published investment case. The stated target is Net income stays above $101.4M in 2026-Q1.	Broken	Net income falls below $101.4M after 2026-Q1	Net income: $13.377M FY2026-Q2; GAAP. Published target: Net income stays above $101.4M in 2026-Q1. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Jul 29, 202613,377,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 28, 2026 Source: company_financial_results. Reference: f387f920-e4e3-49a0-9a31-e190feb91cab. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Improve operational efficiency to support profit growth	A primary condition in Pilgrim's Pride's published investment case. The stated target is Gross profit recovers to at least $345.5M by 2026-Q1.	Broken	Gross profit falls below $345.5M in any quarter after 2026-Q1	Gross profit: $339.752M FY2026-Q2; GAAP. Published target: Gross profit recovers to at least $345.5M by 2026-Q1. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Jul 29, 2026339,752,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 28, 2026 Source: company_financial_results. Reference: f387f920-e4e3-49a0-9a31-e190feb91cab. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Grow revenue steadily to support earnings recovery	These steps can help fix profit margins and grow earnings.	Broken	Revenue growth falls below 1.6% YoY in any quarter	Revenue growth: -2.76% FY2026-Q2; GAAP. Published target: Revenue growth at least 1.6% YoY over next 12 months. Target period is not explicitly aligned with this observation. Source published Jul 29, 2026-2.756463 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 28, 2026 Source: company_financial_results. Reference: f387f920-e4e3-49a0-9a31-e190feb91cab. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-28 · fmp

FY2027 EPSUnavailable

$3.16 → Unavailable · observed estimates

FY2027 revenue$18.93B

$18.88B → $18.93B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$3.16	$18,881,600,238	5 / 5
2026-07-25	$3.16	$18,881,600,238	5 / 5
2026-07-26	$3.16	$18,881,600,238	5 / 5
2026-07-27	$3.16	$18,881,600,238	5 / 5
2026-07-28	$3.16	$18,881,600,238	5 / 5
2026-07-29	$3.16	$18,881,600,238	5 / 5
2026-07-30	$3.16	$18,881,171,667	5 / 5
2026-07-31	$3.14	$18,874,024,579	5 / 5
2026-08-01	$3.14	$18,874,024,579	5 / 5
2026-08-02	$3.07	$18,890,519,550	5 / 5
2026-08-03	$3.07	$18,890,519,550	5 / 5
2026-08-04	$3.07	$18,890,519,550	5 / 5
2026-08-05	$3.07	$18,890,519,550	5 / 5
2026-08-06	$3.07	$18,890,519,550	5 / 5
2026-08-07	$3.07	$18,890,519,550	5 / 5
2026-08-08	$3.07	$18,890,519,550	5 / 5
2026-08-09	$3.07	$18,890,519,550	5 / 5
2026-08-10	$3.07	$18,890,519,550	5 / 5
2026-08-12	$3.07	$18,890,519,550	5 / 5
2026-08-13	$3.07	$18,890,519,550	5 / 5
2026-08-14	$3.07	$18,890,519,550	5 / 5
2026-08-15	$3.07	$18,890,519,550	5 / 5
2026-08-16	$3.07	$18,890,519,550	5 / 5
2026-08-17	$3.07	$18,890,519,550	5 / 5
2026-08-18	$3.07	$18,890,519,550	5 / 5
2026-08-19	$3.07	$18,890,519,550	5 / 5
2026-08-20	$2.93	$18,866,967,081	5 / 5
2026-08-21	$2.94	$18,866,967,081	5 / 5
2026-08-22	$2.94	$18,866,967,081	5 / 5
2026-08-23	$2.94	$18,866,967,081	5 / 5
2026-08-24	$2.94	$18,866,967,081	5 / 5
2026-08-25	$2.94	$18,866,967,081	5 / 5
2026-08-26	$2.94	$18,866,967,081	5 / 5
2026-08-27	$2.94	$18,866,967,081	5 / 5
2026-08-28	$2.94	$18,866,967,081	5 / 5
2026-08-29	$2.94	$18,866,967,081	5 / 5
2026-08-30	$2.94	$18,866,967,081	5 / 5
2026-08-31	$2.94	$18,866,967,081	5 / 5
2026-09-01	$2.94	$18,866,967,081	5 / 5
2026-09-02	$2.94	$18,866,967,081	5 / 5
2026-09-03	$2.94	$18,866,967,081	5 / 5
2026-09-04	$2.94	$18,866,967,081	5 / 5
2026-09-05	$2.94	$18,866,967,081	5 / 5
2026-09-06	$2.94	$18,866,967,081	5 / 5
2026-09-07	$2.94	$18,866,967,081	5 / 5
2026-09-08	$2.94	$18,866,967,081	5 / 5
2026-09-09	$2.94	$18,866,967,081	5 / 5
2026-09-10	$2.94	$18,866,967,081	5 / 5
2026-09-11	$2.94	$18,866,967,081	5 / 5
2026-09-12	$2.94	$18,866,967,081	5 / 5
2026-09-13	$2.94	$18,866,967,081	5 / 5
2026-09-14	$2.94	$18,866,967,081	5 / 5
2026-09-15	$2.84	$18,964,967,081	5 / 5
2026-09-16	Unavailable	$18,964,967,081	4 / 5
2026-09-17	Unavailable	$18,964,967,081	4 / 5
2026-09-18	Unavailable	$18,964,967,081	4 / 5
2026-09-19	Unavailable	$18,964,967,081	4 / 5
2026-09-20	Unavailable	$18,964,967,081	4 / 5
2026-09-21	Unavailable	$18,964,967,081	4 / 5
2026-09-22	Unavailable	$18,964,967,081	4 / 5
2026-09-23	Unavailable	$18,964,967,081	4 / 5
2026-09-24	Unavailable	$18,964,967,081	4 / 5
2026-09-25	Unavailable	$18,964,967,081	4 / 5
2026-09-26	Unavailable	$18,964,967,081	4 / 5
2026-09-27	Unavailable	$18,964,967,081	4 / 5
2026-09-28	Unavailable	$18,964,967,081	4 / 5
2026-09-29	Unavailable	$18,964,967,081	4 / 5
2026-09-30	Unavailable	$18,964,967,081	4 / 5
2026-10-01	Unavailable	$18,964,967,081	4 / 5
2026-10-02	Unavailable	$18,964,967,081	4 / 5
2026-10-03	Unavailable	$18,970,295,932	4 / 5
2026-10-04	Unavailable	$18,970,295,932	4 / 5
2026-10-05	Unavailable	$18,970,295,932	4 / 5
2026-10-06	Unavailable	$18,970,295,932	4 / 5
2026-10-07	Unavailable	$18,970,295,932	4 / 5
2026-10-08	Unavailable	$18,970,295,932	4 / 5
2026-10-09	Unavailable	$18,970,295,932	4 / 5
2026-10-10	Unavailable	$18,970,295,932	4 / 5
2026-10-11	Unavailable	$18,970,295,932	4 / 5
2026-10-12	Unavailable	$18,970,295,932	4 / 5
2026-10-13	Unavailable	$18,970,295,932	4 / 5
2026-10-14	Unavailable	$18,976,117,932	4 / 5
2026-10-15	Unavailable	$18,976,117,932	4 / 5
2026-10-16	Unavailable	$18,976,117,932	4 / 5
2026-10-17	Unavailable	$18,976,117,932	4 / 5
2026-10-18	Unavailable	$18,976,117,932	4 / 5
2026-10-19	Unavailable	$18,976,117,932	4 / 5
2026-10-20	Unavailable	$18,926,917,932	4 / 5
2026-10-21	Unavailable	$18,926,917,932	4 / 5
2026-10-22	Unavailable	$18,926,917,932	4 / 5
2026-10-23	Unavailable	$18,926,917,932	4 / 5
2026-10-24	Unavailable	$18,926,917,932	4 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	3	6
2026-06-01	3	6
2026-07-01	3	7
2026-08-01	2	7
2026-09-01	2	6
2026-10-01	2	6

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 2 Buy / Strong Buy · 6 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Increase cash flow from operations to support financial healthPublished status: Under Pressure
Improve net income margins to boost profitabilityPublished status: Broken
Improve operational efficiency to support profit growthPublished status: Broken
Grow revenue steadily to support earnings recoveryPublished status: Broken

Next proof point

Oct 28, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.3%Typical daily move · historical

Downside history

-42.4%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Pilgrim's Pride outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

PPC is a value-oriented food business with a mixed execution record, rather than a clear growth or turnaround story. Its long-term thesis remains in a watch state: company quality has improved, but recent financial performance is still below its industry group.

What's priced into Pilgrim's Pride

PPC is classified as cheap versus peers, and the pricing evidence describes expectations as justified with low fragility. The evidence does not support a more precise claim about what the market assumes; it does show weak execution quality as the main concern reflected in the setup.

What the fundamentals likely do

Near term, consecutive earnings misses and a 35% estimated miss probability are reasons to watch results, although the risk tier is quiet. Sales increased from 2025-Q1 to 2026-Q2, but adjusted EBITDA margin fell from 14.4% to 7.8% between 2025-Q2 and 2026-Q2, showing that growth priorities have not yet translated into stronger overall profitability. Over the multi-year view, prepared-foods expansion and stable European results support the business, while modest U.S. margins and pressure on Mexico profitability limit the evidence of progress.

What Pilgrim's Pride hinges on

A next-call guidance cut would be a meaningful negative, while continued weakness in jobs data could add pressure to cyclical food businesses. Strong results and higher guidance from sector peers could support sector momentum. The central multi-year question is whether PPC can turn sales growth and business expansion into steadier margins while managing supply, pricing, debt, and litigation concerns.