UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q | | | For the quarterly period ended September 26, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File number 1-9273 PILGRIM'S PRIDE CORPORATION (Exact name of registrant as specified in its charter) Delaware 75-1285071 (State or other jurisdiction of incorporation or organization) 1770 Promontory Circle 80634-9038 ...

Financial Data and Key Metrics Changes - For Q2 2021, the company reported net revenues of $3.6 billion, an increase from $2.82 billion a year ago, with adjusted EBITDA of $372 million, representing a margin of 10.2% compared to 4% in the previous year [7][25] - Adjusted net income was $154 million, which included a discrete income tax charge of $32 million due to the U.K.'s increased statutory income tax rate [25] - The company reported a GAAP net loss of $167 million compared to a loss of $6 million in 2020, primarily due to a $396 million accrual related to legal settlements [25] Business Line Data and Key Metrics Changes - In the U.S., adjusted EBITDA was $237.1 million, up from $93.7 million a year ago, driven by strong market pricing and slightly higher volumes [26] - The Mexican business saw adjusted EBITDA of $85.7 million, a significant recovery from a loss of $27.7 million a year ago, benefiting from a balanced supply-demand dynamic [27] - The U.K. operations had adjusted EBITDA of $15.7 million, up from $12.3 million a year ago, although gross profit was down year-over-year due to increased grain costs [28] Market Data and Key Metrics Changes - The U.S. chicken supply increased by 2.4% year-over-year, but growth appears constrained due to poor hatchability [12] - Commodity pricing across all cuts remained strong, trending near historical ranges, while corn prices increased due to expected low crop ending stocks [12][13] - The export market showed strong demand, with pulp prices up 54% year-over-year, although imports to China decreased by 16.5% due to a softer pork market [16][17] Company Strategy and Development Direction - The company is focused on operational excellence and has signed an agreement to acquire the Meats and Meals business of Kerry Consumer Foods, which will enhance its position in the U.K. and Ireland [21] - The company aims to achieve net zero greenhouse gas emissions by 2040, reflecting its commitment to sustainability and responsible food production [23] - The company continues to invest in automation to address labor shortages and improve operational efficiencies, with plans to invest around $100 million in the next year [45] Management's Comments on Operating Environment and Future Outlook - Management noted that labor availability remains a significant challenge, but they expect improvements in the U.S. labor market by the end of the year [8] - The company anticipates continued strength in retail demand and a recovery in foodservice, with expectations for schools to reopen, boosting the foodservice industry [9][38] - Management expressed optimism about the supply-demand balance in the chicken market, although they acknowledged potential headwinds from feed costs and labor shortages [61] Other Important Information - The company incurred approximately $12 million in COVID-related costs in Q2 2021, a decrease of about $37 million compared to the prior year [28] - The company has a robust liquidity position with over $1.25 billion in total cash and available credit, and a net debt of $1.8 billion [30] Q&A Session Summary Question: Could you elaborate on the $400 million for litigation settlements? - Management indicated that the amount includes a combination of actual settlements and accruals, but they cannot comment on active investigations [34] Question: How do you view the current quarter's profitability given labor shortages? - Management highlighted that their diversified portfolio protects against downside risks and allows them to capture upside in the market, with expectations for continued strong demand in both retail and foodservice [37][38] Question: What are your thoughts on feed costs and your positioning in the market? - Management expressed confidence in their risk management strategy and noted an expected increase in feed costs of approximately $300 million in the second half of the year [41] Question: How is hatchability affecting production? - Management acknowledged that hatchability issues are industry-wide and are constraining growth, but they expect to manage better around this issue [44] Question: What are the expectations for the U.K. market? - Management noted that the U.K. business has been impacted by increased grain costs but has remained profitable on an EBITDA basis for the last nine quarters [20]

e Pilgrim's. Financial Results for Second Quarter Ended June 27, 2021 Pilgrim ilgrim's Pride Corporation great taste. All about great taste. Cautionary Notes and Forward-Looking Statements Statements contained in this press release that state the intentions, plans, hopes, beliefs, anticipations, expectations or predictions of the future of Pilgrim's Pride Corporation and its management are considered forward-looking statements. Without limiting the foregoing, words such as "anticipates," "believes," "estima ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File number 1-9273 PILGRIM'S PRIDE CORPORATION (Exact name of registrant as specified in its charter) Delaware 75-1285071 For the quarterly period ended June 27, 2021 OR (State or other jurisdiction of incorporation or organization) 1770 Promontory Circle 80634-9038 Greel ...

Financial Data and Key Metrics Changes - For Q1 2021, the company reported net revenues of $3.27 billion, an increase from $3.07 billion a year ago, with adjusted EBITDA of $254 million, representing a margin of 7.8% compared to 5% the previous year [52][53] - GAAP net income was $100 million, up from $67 million in the prior year, while operating margins were 3.4% in the U.S., 19% in Mexico, and 1.2% in Europe [53] Business Line Data and Key Metrics Changes - In the U.S., adjusted EBITDA was $131 million, down from $137 million a year ago, impacted by higher operating costs due to COVID-19 mitigation and increased grain costs [53][54] - Mexico achieved adjusted EBITDA of $86 million, a significant improvement from a loss of $17 million in the prior year, driven by favorable supply-demand dynamics [55] - European operations generated approximately $37 million in adjusted EBITDA, down from $45 million last year, affected by higher feed costs and COVID-19 impacts [56] Market Data and Key Metrics Changes - The U.S. market saw a rebound in demand for large bird deboning due to improved foodservice demand, while commodity prices remained high [54][55] - In Mexico, the market remains favorable with strong results compared to a challenging Q1 of 2020, driven by balanced supply and demand [27][55] - European operations faced challenges due to higher feed costs and export constraints, but are expected to recover as costs stabilize [30][56] Company Strategy and Development Direction - The company aims to maintain a diversified portfolio and improve operational efficiencies to respond to market dynamics and achieve relative performance over competitors [11][15] - Investments in automation and strategic wage increases are part of the long-term strategy to address labor shortages and improve operational challenges [21][78] - The company is committed to achieving net zero greenhouse emissions by 2040 and has issued a $1 billion sustainable linked bond to support this initiative [48][49] Management's Comments on Operating Environment and Future Outlook - Management noted that the gradual easing of COVID-19 restrictions is leading to improved market conditions, particularly in foodservice [16][46] - The company expects continued strong demand for chicken, especially during the summer grilling season, and anticipates a significant increase in profitability compared to the previous year [72][73] - Labor availability remains a challenge, but the company is actively addressing this through wage increases and automation investments [75][78] Other Important Information - The company reported a strong liquidity position with over $1.2 billion in cash and available credit, and a net debt of $1.9 million with a leverage ratio of 2.2x [58][59] - The company is focused on optimizing its capital structure while pursuing growth strategies and maintaining shareholder value [60] Q&A Session Summary Question: Sustainability of strong performance in Mexico - Management indicated that the supply-demand balance in Mexico has been favorable, but volatility is expected as small players may return to the market [64][66] Question: Sequential profitability trends in the U.S. - Management noted a continued increase in profitability from January to March, with expectations for strong performance in Q2 due to seasonal demand [68][72] Question: Labor availability and stimulus impact - Management acknowledged labor shortages due to stimulus payments and is implementing strategies to attract and retain workers [75][78] Question: European feed cost dynamics - Management explained that while feed costs have increased, pricing models incorporate these costs, and margins are expected to recover over time [81][84] Question: Management of feed costs and purchasing strategy - Management confirmed a flexible strategy for managing feed costs, adjusting positions based on market risks [87][89] Question: Impact of foodservice recovery on retail business - Management expressed confidence in the diversified portfolio, indicating that both foodservice and retail segments can thrive simultaneously [91][92]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File number 1-9273 PILGRIM'S PRIDE CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 75-1285071 | | --- | --- ...

Pilgrim's Pride Corporation (NASDAQ:PPC) Q4 2020 Earnings Conference Call February 11, 2021 9:00 AM ET Company Participants Dunham Winoto - Head of Investor Relations Fabio Sandri - President and Chief Executive Officer and Chief Financial Officer Joe Waldbusser - Head of Commodity Risk Management Conference Call Participants Ben Theurer - Barclays Ken Zaslow - Bank of Montreal Pooran Sharma - Stephens Michael Piken - Cleveland Research Peter Galbo - Bank of America Adam Samuelson - Goldman Sachs Rebecca Sc ...

Financial Results for Fourth Quarter and Year Ended Dec 27, 2020 Pilgrim's Pride Corporation (NASDAQ: PPC) All about great taste. Cautionary Notes and Forward-Looking Statements Statements contained in this press release that state the intentions, plans, hopes, beliefs, anticipations, expectations or predictions of the future of Pilgrim's Pride Corporation and its management are considered forward-looking statements. Without limiting the foregoing, words such as "anticipates," "believes," "estimates," "expe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 27, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-9273 PILGRIM'S PRIDE CORPORATION (Exact name of registrant as specified in its charter) Delaware 75-1285071 (State or other juri ...

Pilgrim's Pride Corporation (NASDAQ:PPC) Q3 2020 Results Earnings Conference Call October 29, 2020 9:00 AM ET Company Participants Dunham Winoto - Head of Investor Relations Fabio Sandri - President, Chief Executive Officer, Chief Financial Officer Joe Waldbusser - Head of Commodity Risk Management Conference Call Participants Antonio Hernandez - Barclays Ken Zaslow - Bank of Montreal Ben Bienvenu - Stephens Inc. Michael Piken - Cleveland Research Peter Galbo - Bank of America Adam Samuelson - Goldman Sachs ...