Pilgrim’s Pride Corporation (PPC) This fall 2025 Earnings Call Transcript

Operator

Good morning, and welcome to the Fourth Quarter and Fiscal Year 2025 Pilgrim’s Pride Earnings Conference Call and Webcast.

[Operator Instructions] At the company’s request, this call is being recorded. Please note that the slides referenced during today’s call are available for download from the Investors section of the company’s website at www.pilgrims.com. After today’s presentation, there will be an opportunity to ask questions.

I would now like to turn the conference call over to Andrew Rojeski, Head of Strategy, Investor Relations and Sustainability for Pilgrim’s Pride.

Andrew Rojeski
Head of Strategy, Investor Relations & Net-Zero Programs

Thank you, Andy. Good morning, everyone, and thank you for joining us today. So for the fiscal year 2025, we established new financial milestones as net revenues reached $18.5 billion and adjusted EBITDA rose to $2.3 billion. Our adjusted EBITDA margin was 12.3%. In the U.S., consistent execution of our strategies, along with strong chicken demand bolstered our demand. Demand for our key customers grew significantly over the category average for the year.

Our brand building accelerated as the combined Retail sales of Just BARE across Fresh and Prepared exceeded $1 billion, further diversifying our portfolio and resonating with consumers. Operational excellence efforts improved efficiencies in processing and live operations in Big Bird, mitigating commodity cutout volatility throughout the year. Given these efforts, the U.S. grew both in