Pilgrim's Pride Corp 2026年季度报告

Name of each exchange on which registered The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated FilerNon-accelerated Filer☐ AcceleratedFiler☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐NoNumber of shares outstanding of the issuer’s common stock, $0.01 par value per share, as of April29, 2026, was 237,921,941. INDEX PILGRIM’S PRIDE CORPORATION PART I. FINANCIAL INFORMATIONItem1.Condensed Consolidated Financial Statements2Condensed Consolidated Balance SheetsMarch 29, 2026 and December 28, 20252Condensed Consolidated Statements of IncomeThree Months Ended March 29, 2026 and March 30, 20253Condensed Consolidated Statements of Comprehensive IncomeThree Months Ended March 29, 2026 and March 30, 20254Condensed Consolidated Statements of Stockholders’ EquityThree Months Ended March 29, 2026 and March 30, 20255Condensed Consolidated Statements of Cash FlowsThree Months Ended March 29, 2026 and March 30, 20256Notes to Condensed Consolidated Financial Statements7Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item3.Quantitative and Qualitative Disclosures about Market Risk35Item4.Controls and Procedures38PART II. OTHER INFORMATION39Item1.Legal Proceedings39Item1A.Risk Factors39Item 5.Other Information39Item6.Exhibits39SIGNATURES40 PART I.FINANCIAL INFORMATIONITEM1.CONDENSED CONSOLIDATED FINANCIAL STATEMENTSPILGRIM’S PRIDE CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS PILGRIM’S PRIDE CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF INCOME(Unaudited) PILGRIM’S PRIDE CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) PILGRIM’S PRIDE CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(Unaudited) PILGRIM’S PRIDE CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Pilgrim’s Pride Corporation (referred to herein as “Pilgrim’s,” “PPC,” “the Company,” “we,” “us,” “our,” or similar terms) isone of the largest food companies in the world, with operations in the United States (“U.S.”), the United Kingdom (“U.K.”), Mexico,France, Puerto Rico, the Netherlands and the Republic of Ireland. Pilgrim’s is primarily a chicken producer, with pork and lamboperations in the U.K. Pilgrim’s products are sold to foodservice, retail and frozen entrée customers. The Company’s primarydistribution is through retailers, foodservice distributors and restaurants throughout the countries listed above. Additionally, theCompany exports chicken and pork products (from its U.K. operations) to over 120countries. Our fresh products consist ofrefrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added valuepork, pork ribs, and lamb products. The Company’s prepared products include fully cooked, ready-to-cook and individually frozenchicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich anddeli counter meats and meatballs. The Company’s other products include plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts. The Company also provides direct-to-consumer meals and hot food to-go solutionsin the U.K. and the Republic of Ireland. We operate feed mills, hatcheries, processing plants and distribution centers in 14 U.S. states,the U.K., Mexico, France, Puerto Rico, the Netherlands and the Republic of Ireland. As of March29, 2026, JBS S.A., through itsindirect wholly-ow